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 Future of Government Data Centers
- The Future of IT: How CIOs Can Enable the Service-Oriented Enterprise
- 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
- Air Traffic Management Transformation Report
- Cloud First Report
- General Dynamics IT Enterprise Center
- Gov Cloud Minute
- Government in Technology Series
- Homeland Security Cybersecurity Market Report
- National Cybersecurity Awareness Month
- Technology Insights
- The Cyber Security Report
- The Next Generation Cyber Security Experts
Shows & Panels
Changes could come for TSP beneficiaries
Monday - 3/30/2009, 6:04pm EDT
There could be changes coming to your Thrift Savings Plan benefits.
The TSP's Employee Thrift Advisory Council has proposed allowing surviving spouses of TSP participants to inherit accounts.
Currently, the beneficiary or spouse has to transfer the money out of the TSP and set up their own IRA in order to get the money.
"This proposal," says TSP Director of External Relations Tom Traubucco, "would allow them to just stay in place and to become a TSP participant."
Trabucco says changes would have to be made to the TSP system, but the hope is that, after awhile, the program would be less confusing for beneficiaries.
In addition, Congress would have to approve the new measures.
Participation in the TSP continues to grow gradually.
Trabucco says there are about 4,050,000 accounts.
"The Uniformed Services continues to grow. The FERS participation rate stays in a very narrow range -- between 84 and 87 percent is where it's been for the last 10 or 11 years now. Currently, we're at 84.4 percent [so] we're at the lower end of that range."
Overall, the TSP has taken in $1.7 billion in new contributions, which means participants are buying low at the moment.
Trabucco says, despite the dip in the market today, the TSP has been doing very well for the past three weeks and thinks the funds might have a positive month overall.
(Copyright 2009 by FederalNewsRadio.com. All Rights Reserved.)