In preparation for the upcoming implementation of the TSP Modernization Act, the Thrift Savings Plan announced this week it will temporarily stop accepting withdrawal requests starting on September 7 more…
White House Recommends 2.6% Federal Pay Raise for 2020
In a surprise reversal from the previously proposed pay freeze, President Trump announced an increase for base pay — however there is no locality pay adjustment in 2020 in his proposal more…
TSP Updates FAQs on New Withdrawal Options
There will be a “black-out” period for withdrawal requests from Sept. 7-14 as the TSP prepares to launch the new withdrawal options effective Sept. 15. more…
Senators Urge Thrift Savings Plan to Reverse Decision to Steer Federal Retirement Savings to China
The Senators say proposed changes to the TSP’s I fund will expose nearly $50 billion in retirement assets of federal government employees to “severe and undisclosed material risks” more…
Are You Having Enough Tax Withheld? Find Out By Using the IRS’ New Estimator
Just because a taxpayer already filed their tax return doesn’t mean they don’t need to think about taxes for the rest of the year more…
Changes in Retirement Plan Rollover Rules That Affect the Thrift Savings Plan
In June 2019, the Securities and Exchange Commission made the most significant changes to investment advice standards in more than two decades. Federal benefits expert, Ed Zurndorder, explains how they affect the TSP more…
New Nationwide FEHB Plans to be Offered in 2020
Federal employees will see two new options in the Federal Employees Health Benefits Program during this year’s open season more…
Your New TSP Withdrawal Options
This new video provides a broad overview of the changes coming to the Thrift Savings Plan on Sept. 15 from the passing of the TSP Modernization Act more…
WEP Repeal Legislation Introduced in House
If passed, the bill would permanently repeal the Windfall Elimination Provision affecting many federal retirees and transition “to a fair formula” for receiving Social Security benefits more…
TSP Outlines New Method for Catch-Up Contributions
The “spillover” method will start in 2021, and will make it easier for eligible participants to contribute more toward their retirement. An FAQ is provided more…