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Search Tags: Roth TSP
Federal Managers Association President Pat Niehaus and Federal Times reporters Steve Losey and Sean Reilly join host Mike Causey to talk about sequestration and other issues affecting feds.
January 30, 2013
Tags: pay and benefits , government shutdown , furloughs , sequestration , federal managers , Federal Managers Association , Pat Niehaus , Federal Times , Stephen Losey , Sean Reilly , Mike Causey , Your Turn
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 , Greg Long , Kim Weaver , Laurissa Stokes , G Fund , Bob Leins , Tammy Flanagan , For Your Benefit
Arthur Stein, a financial planner and former federal manager, told The Federal Drive with Tom Temin and Emily Kopp Wednesday that FERS has been a boon for feds, both young and old.
The Federal Retirement Thrift Investment Board, which manages the TSP, is mulling whether to add a new option to federal employees' (401)k-style retirement plan: a mutual fund window. The mutual fund window would allow participants to move investments out of the TSP funds they've invested in and into a private-sector suite of mutual funds. However, the board is still studying the issue, Kim Weaver, the director of external affairs for the Federal Retirement Thrift Investment Board, told In Depth with Francis Rose. No changes are imminent.
The rollout of the Roth option for the Thrift Savings Plan, which would allow federal employees to invest already-taxed income, has long been discussed in the federal pay-and-benefits world. That launch moved another step closer, with the planned publication Wednesday of draft regulations in the Federal Register. And TSP participants will soon have more information about what the plan will look like.
The Roth option for the Thrift Savings Plan, which will allow federal employees to contribute after-tax dollars toward their retirement-savings accounts, will launch May 7, the Federal Retirement Thrift Investment Board announced today. The board, which first began planning the Roth TSP in June 2009 when it was authorized, made the announcement at its quarterly meeting of TSP coordinators.
After a two-month delay, all civilian employees at the Defense Department, as well as several other agencies, can now contribute to the recently rolled-out Roth option for their Thrift Savings Plans.
As of Monday, active-duty members of the Army, Navy and Air Force can now participate in the Roth Thrift Savings Plan option.
Kim Weaver, director of the Federal Retirement Thrift Investment Board, told In Depth with Francis Rose feds will soon be able to access videos online explaining some of the more complicated aspects of their Thrift Savings Plan accounts.
Bob Leins and Tammy Flanagan discuss the "best of" subjects brought up during recent seminars.
August 20, 2012