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- 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
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- 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
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- Gov Cloud Minute
- Government in Technology Series
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- National Cybersecurity Awareness Month
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- The Next Generation Cyber Security Experts
Shows & Panels
Update: TSP check mistake due to processing error
Tuesday - 1/4/2011, 6:27pm EST
Participants who received checks can keep the money -- it's from their accounts after all. However, they will have to pay taxes on the money if they keep it, said Tom Trabucco, director of external affairs at the Federal Retirement Thrift Investment Board, in an interview with the DorobekINSIDER.
"We expect most of these people will want to get the funds back into their account and carry on," he said.
Trabucco said the accidental payments were due to a year-end processing error.
The 9,700 participants out of TSP's 4.4 million participants received the checks as part of minimum distributions, which is what participants receive at the age of 70 1/2, Federal News Radio reported Tuesday.
The people with accidental checks can call the TSP Call Center -- 1-TSP-YOU-FRST (1-877-968-3778).
Trabucco said the call center will be able to handle the callers since it receives about 10,000 calls daily anyways.
The 9,700 participants will also receive a notice in the mail with instructions of how to return the money. To read the pdf before it hits your mailbox, click here.
Trabucco spoke with the DorobekINSIDER recently about the "very positive" TSP returns in 2010.