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TSP -- room for a LOT more customers?

What would it mean to the federal-military investors in the Thrift Savings Plan if everybody in the country were allowed to join up? Nobody knows for sure, but higher fees, for everybody, would seem to be a likely outcome, Senior Correspondent Mike Causey says.

Tags: Mike Causey , Federal Report , pay and benefits , retirement , TSP , Marco Rubio ,

Monday - 05/19/2014, 02:00am EDT

Q&A with the experts: Retirement, benefits and TSP

Last month, Tammy Flanagan, senior benefits director for the National Institute of Transition Planning, joined Federal News Radio's senior correspondent, Mike Causey, to answer feds' questions as part of an exclusive online chat. The experts fielded dozens of questions from readers -- but couldn't get to all them. So, Federal News Radio went back to the experts to answer another round of questions for readers. In this special Q&A, find the experts' take on everything from the best date to retire this year and what happens to insurance premiums when you retire to whether the Thrift Savings Plan plans to offer in-plan conversions.

Tags: pay and benefits , benefits , retirement , TSP , Tammy Flanagan , John Elliott , NITP ,

Friday - 05/09/2014, 09:42am EDT

New rule allows TSP to garnish wages of former feds to recover debt

The Thrift Savings Plan could stand to collect more than $500,000 in unpaid debt thanks to expanded authority to garnish employees' pay even after they leave federal service. A final rule published in the Federal Register Wednesday will allow the Treasury Department -- on behalf of the Federal Retirement Thrift Investment Board, which runs the TSP -- to garnish the wages of nonfederal employees who owe the TSP money.

Tags: TSP , pay and benefits , Jack Moore , FRTIB

Thursday - 04/24/2014, 03:08pm EDT

Kim Weaver, Director of External Affairs, Federal Retirement Thrift Investment Board

The Thrift Savings Plan passes the $400 billion mark in dollars they have under management. It's the first time they've ever passed that mark, but it may not be the last. Kim Weaver, director of External Affairs at the Federal Retirement Thrift Investment Board, told In Depth with Francis Rose the up-trend is a pretty simple equation.

Tags: In Depth , TSP

Monday - 03/24/2014, 05:54pm EDT
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TSP assets top $400B for first time; L Fund revamp continues

Thanks to a roaring stock market in February, total assets in the Thrift Savings Plan have climbed to the highest level in the plan's history. All told, assets in the TSP exceeded $400 billion at the end of last month. At the Federal Retirement Thrift Investment Board's monthly meeting Thursday, board members heard another recommendation to revamp the Lifecycle Funds.

Tags: pay and benefits , TSP , FRTIB , Renee Wilder , Greg Long , L funds , emerging markets

Thursday - 03/20/2014, 03:07pm EDT

In Depth Show Blog - Feb. 25, 2014

On the In Depth 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: Larry Allen , Virginia Hill , Joe Jordan , In Depth

Tuesday - 02/25/2014, 05:21pm EST

TSP loans, hardship withdrawals hit 10-year high last year

More Thrift Savings Plan participants withdrew money from their accounts early in 2013 than in any other year over the past decade. The board processed a total of 291,000 loans and about 138,000 hardship withdrawals last year, according to statistics presented at the board's monthly meeting Monday. More than 14,000 of the hardship withdrawals taken last year came during the month of October, when partisan gridlock led to a 16-day government shutdown and financial uncertainty and delayed paychecks for thousands of federal employees.

Tags: TSP , pay and benefits , hardship withdrawals , TSP loans , Jack Moore , Renee Wilder

Monday - 01/27/2014, 03:24pm EST
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In Depth Show Blog - January 28, 2014

On the In Depth 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: Bob Peck , Virginia Hill , Steve Kelman , Larry Allen , In Depth

Tuesday - 01/28/2014, 05:25pm EST

TSP seeks to supplant G Fund in automatic enrollments

Federal employees could soon be seeing a lot less of the G Fund in their Thrift Savings plan accounts. Instead of being automatically enrolled solely in government securities, new plan participants would be shifted to an age-appropriate Lifecycle, or L, Fund as their default investing option under a proposal approved by the Federal Retirement Thrift Investment Board Monday. The proposal ultimately requires action by Congress.

Tags: TSP , pay and benefits , Greg Long , Renee Wilder , automatic enrollment , Jack Moore

Monday - 12/16/2013, 03:35pm EST

Feds who took TSP withdrawals during shutdown locked out of contributing for next six months

During the 16-day government shutdown last month, more than 14,000 Thrift Savings Plan participants withdrew money from their accounts, the highest number of hardship withdrawals in a single month ever. This may have helped participants weather the financial uncertainty of the shutdown. But, under TSP rules, it also means they'll be unable to contribute to their 401(k)-style retirement accounts for the next six months. Now, the Federal Retirement Thrift Investment Board, which oversees the TSP, is concerned that not all those participants will take the initiative to restart their contributions when the penalty period expires next spring.

Tags: pay and benefits , benefits , TSP , workforce , government shutdown , Michael Kennedy , Greg Long , Renee Wilder , hardship withdrawals , Jack Moore

Monday - 11/25/2013, 03:26pm EST
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