Shows & Panels
- AFCEA Answers
- Ask the CIO
- The Big Data Dilemma
- Carrying On with Continuity of Operations
- Connected Government
- Constituent Servicing
- Continuous Monitoring: Tools and Techniques for Trustworthy Government IT
- The Cyber Imperative
- Cyber Solutions for 2013 and Beyond
- The Data Privacy Imperative: Safeguarding Sensitive Data
- Expert Voices
- Federal Executive Forum
- Federal IT Challenge
- Federal Tech Talk
- Mission-critical Apps in the Cloud
- The Modern Federal Threat Landscape
- The Path from Legacy Systems
- The Real Deal on Digital Government
- The Reality of Continuous Monitoring... Is Your Agency Secure?
- Veterans in Private Sector: Making the Transition
Shows & Panels
Accidental TSP payments sent out last week
Tuesday - 1/4/2011, 10:05am EST
The Federal Retirement Thrift Investment Board's Tom Trabucco told the Washington Post that a processing error was to blame, and resulted in payments to some participants as high as $10,000.
Approximately 9,700 of the TSP's 4.4 million participants received notices and checks as part of minimum distributions, which is what participants receive at the age of 70 ½. Trabucco said that participants had been notified about the error, and would be given directed as to how to return the money. However, participants who received checks are not required to return the money; if they do choose to keep it though, they will be taxed for it.
"It's their money," Trabucco told the Post.
Trabucco spoke with the DorobekINSIDER recently about the "very postive" TSP returns in 2010.