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TSP board quashes extra loan option for furloughed feds
The Federal Retirement Thrift Investment Board says offering federal employees an extra loan option through their Thrift Savings Plans to cushion the impact of furloughs would require too much effort to implement and may not help the employees all that much. Several federal-employee unions have lobbied the board to add a second general purpose loan option to help cushion the blow of furloughs. But at a Employee Thrift Advisory Council meeting April 22, the board quashed the idea, citing the complexity surrounding the changes.
Tags: In Depth , Francis Rose , Kim Weaver , TSP , FRTIB , furloughs
TSP examining why so many young workers stay in 'super safe' G Fund
While auto enrollment for new hires has increased participation in the Thrift Savings Plan over the last few years, a recent report suggests many of them are staying in the super-safe G Fund — instead of reallocating money into other funds.
Tags: Federal Retirement Thrift Investment Board , G Fund , L Funds
Federal Drive Show Blog - April 5, 2013
On the Federal Drive show blog, you can listen to our interviews, find more information about the guests on the show each day, as well as links to other stories and resources we discuss.
Tags: Federal Drive , Tom Temin , Emily Kopp , Deborah Jin , James Franklin
The TSP in 2013
Bob Leins and Tammy Flanagan host a round table discussion of the Thrift Savings Plan and what's ahead for the TSP this year.
January 7, 2013
Tags: pay and benefits , retirement , Thrift Savings Plan , Federal Retirement Thrift Investment Board , Kim Weaver , Laurissa Stokes , Roth TSP , G Fund , Bob Leins , Tammy Flanagan , For Your Benefit
Cyber attack against TSP contractor exposes thousands of accounts
A sophisticated cyber attack against the Thrift Savings Plan contractor responsible for maintaining the agency's data centers compromised the information of 123,000 TSP participants. However, there is no indication the data has been misused, according to the Federal Retirement Thrift Investment Board. There is also no indication that the TSP's network or its website were affected.
Tags: Serco , cybersecurity , technology , TSP , cyber attack , Jack Moore
TSP plans RFP to improve data center security by year's end
The contract includes "very stringent" IT security requirements. The announcement follows a data breach that affected 123,000 TSP participants in 2011.
Tags: technology , cybersecurity , TSP , Senate Homeland Security and Governmental Affairs , Daniel Akaka , Greg Wilshusen , Mary Ellen Callahan , Privacy Act , DHS , GAO , Ruben Gomez
Senator questions delay in reporting TSP cyber breach
One senator is questioning why it took nine months for the Thrift Savings Plan board to find out about a sophisticated cyber attack that compromised 123,000 TSP participants' accounts. Sen. Susan Collins (R-Maine) also wants to know why Congress wasn't informed of the breach until more than a month after it was reported to the board.
Tags: Susan Collins , Senate , Senate Homeland Security & Governmental Affairs Co , cybersecurity , TSP , hacker , Robert Mueller , Federal Retirement Thrift Investment Board , Jolie Lee
TSP, pay freeze and agency cutbacks
Portions of last week's interview with TSP Executive Director Greg Long about the TSP hack attack will be re-aired this week. Also, Steve Watkins and Sean Reilly from the Federal Times join host Mike Causey to talk about the status of legislation pending in Congress that affects federal workers.
June 20, 2012
Tags: pay and benefits , retirement , TSP , TSP hack , Federal Times , Sean Reilly , Steve Watkins , Mike Causey , Your Turn with Mike Causey
Inside the TSP hack job
For people worried about their TSP accounts being hacked, no news is good news. If you didn't get a letter, it means you are one of the 97 percent whose data is safe. For more facts about the hack job, check out Senior Correspondent Mike Causey's column.
Tags: Mike Causey , Federal Report , pay and benefits , retirement , TSP , TSP hack , FRTIB
TSP executive director gives update on data breach
It's been nearly three weeks since the Thrift Savings Plan board announced a data breach of 123,000 Thrift Savings Plan, and since then, the board has been fielding questions from participants, Congress and the media. TSP's executive director answered some of the most frequently asked questions about the breach.
Tags: pay and benefits , benefits , TSP , TSP hack , Your Turn , Mike Causey
