Attention, Thrift Savings Plan participants: You can now check your online account information at tsp.gov more easily via smartphone. Although the site was previously available via phone, the mobile version is designed to work with Android and iOS operating systems to provide an “optimal viewing experience,” the Federal Retirement Thrift Investment Board said in a news release today. (And there’s no need to download an app.) The board actually launched the mobile version Sept. 30, but held off from an announcement because of the partial government shutdown that began the next day, spokeswoman Kim Weaver said. The word is apparently…
Browsing: Federal Retirement Thrift Investment Board
The Federal Retirement Thrift Investment Board plans to ask Thrift Savings Plan participants whether the sequester and–in many cases, employee furloughs–has prompted them to change their investment choices. The question will be added to the biannual survey going out to a sample of about 50,000 TSP account holders this fall, Renee Wilder, the board’s director of enterprise planning, said in a brief interview today. At the board’s monthly meeting, Wilder said that TSP participation among active Federal Employees Retirement System members dipped slightly in June to a 12-month low of 2.39 million, but it is unclear whether that decline stemmed from…
Federal employees’ Thrift Savings Plan accounts could end up collateral damage in the push to hike federal employees’ pension contributions, the American Federation of Government Employees said yesterday. At Monday’s meeting with the Federal Retirement Thrift Investment Board, AFGE public policy director Jacque Simon asked for more granular, grade-by-grade data on TSP contribution rates. Simon said she wants to know whether lower-paid federal employees are pulling back on their TSP contributions in response to proposals to increase pension contributions by anywhere from 1.2 percent to 5 percent. “It’s going to be increasingly important to have access to data like that,”…
Here are highlights from Monday’s Federal Retirement Thrift Investment Board meeting: -The number of participants with no contributions to their TSP accounts increased by about 3,000 last month, compared with a 25,000 increase on October. The number of active FERS employees contributing to the Thrift Savings Plan decreased by about 5,000 in November. -Renee Wilder, the board’s director of research and strategic planning said an increase in separations, financial hardship withdrawals and the fact that employees are hitting their contribution limits have contributed to a decrease in participation. Employees who take out a hardship withdrawal cannot contribute to their TSP accounts for 6 months. The…