The agency in charge of the Thrift Savings Plan added 185 new customer service representatives this week to try to handle record-high call volumes from participants. The Federal Retirement Thrift Investment Board plans to add even more staff as needed. That’s after a major update to TSP’s system on June 1 caused an influx of […]
Federal employees and retirees have reported problems with setting up new accounts for online access to the federal government’s 401(k)-style retirement savings program, and the agency’s call center has been deluged. Officials with the federal government’s 401(k)-style retirement savings program promised a variety of new features and improved functionality would accompany the Thrift Savings Plan’s […]
Households still have buying firepower, and jobs are growing. Much seen riding on course of the Fed’s tightening campaign to hear some of the chatter in financial markets and corporate America’s C-suites, a US recession is imminent and inevitable. Not necessarily so. While the danger of a downturn has risen as growth has slowed, most […]
After a short blackout period to add new features, the Thrift Savings Plan (TSP) website has resumed operation and requires all participants to establish a new login to regain access to their account on TSP.gov “New participants joining TSP after June 2022 as well as participants who had access to their TSP online account prior […]
Six U.S. senators sent a letter last week to the Federal Retirement Thrift Investment Board’s (FRTIB) Acting Chairman David Jones requesting the agency cancel the launch of a mutual fund window investment option in the Thrift Savings Plan (TSP) set to begin June 1. The senators believe the mutual fund window program could expose billions […]