Shows & Panels
- The 2014 Big Picture on Cyber Security
- AFCEA Answers
- Ask the CIO
- Building the Hybrid Cloud
- Connected Government: How to Build and Procure Network Services for the Future
- Continuing Diagnostics and Mitigation: Discussion of Progress and Next Steps
- Federal Executive Forum
- Federal Tech Talk
- The Intersection: Where Technology Meets Transformation
- Maximizing ROI Through Data Center Consolidation
- Moving to the Cloud. What's the best approach for me
- Navigating Tough Choices in Government Cloud Computing
- The New Generation of Database
- Satellite Communications: Acquiring SATCOM in Tight Times
- Targeting Advanced Threats: Proven Methods from Detection through Remediation
- Transformative Technology: Desktop Virtualization in Government
- The Truth About IT Opex and Software Defined Networking
- Value of Health IT
Shows & Panels
Budget top issue at TSP meeting
Monday - 9/20/2010, 5:04pm EDT
This year's budget was $14.8 million under the $130.3 million approved.
"We're not pleased with the fact that we were under budget," said Tom Trabucco, Director of External Affairs for the Federal Retirement Thrift Investments Board, on the DorobekINSIDER.
"We would've liked to have accomplished more and it still awaits us for next year," Trabucco said.
What pushed back other projects was the completion of the new Thrift Savings Plan website. Interfund transfers, loans and withdrawals can now be executed online.
"We really rely heavily on that website," Trabucco said.
The biggest expense this year was record-keeping, costing about $100 million.
The budget was not approved Monday due to board members' questions about the Roth option, expected to be rolled out the first quarter of 2012.
Trabucco said he expects the budget to be approved in the October board meeting.
Jolie Lee is the author of this post. Email her at email@example.com.