A TSP participant can designate whomever they want as a beneficiary to their TSP account, however, only a spousal beneficiary can choose to leave the funds in TSP.
Author Archive for: FedSavvy
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Entries by FedSavvy
A topic of interest to many current and soon-to-be retired federal employees is the annual cost of living adjustment (COLA) for Social Security recipients and federal retirees. The annual increase has averaged about 1% since 2012. This average includes Social Security and federal retirees not receiving any increase in 2016. The latest monthly inflation figures have […]
More members of Congress are voicing their concerns for recent fiscal 2018 budget proposals that could make significant changes to the federal retirement system for current and future employees and retirees. Ten House Republicans are appealing to House Oversight and Government Reform Committee Chairman Trey Gowdy (R-S.C.), the leader of the committee that’s been tasked to develop legislative proposals that would reduce the […]
Six Seattle toxicologists, 16 Kansas City chemists, 41 IT managers in Durham, North Carolina, 136 general attorneys from Washington, D.C. The range of work, employee pay grade and office location runs the gamut when it comes to the Environmental Protection Agency’s early retirement and buyout program, and as the Sept. 2 deadline approaches, more details […]
A slow June saw lower or negative returns for many of the funds in the Thrift Savings Plan (TSP) after a winning streak in May and April. One retirement fund posted a higher return in June than the previous month, but all others saw noticeably lower decreases or remained virtually unchanged.