Retirement

Fed Retirement Fairness Act: "Long overdue"

Now pending in Congress, there’s a bill that would allow feds whose careers started in temporary or seasonal positions to retroactively contribute to their retirement for those intermittent or non-fulltime periods of employment: The Federal Fairness Retirement Act (H.R. 5389).

GAO: Climate change weighs on TSP

Climate change threatens TSP investment returns and yet the board that governs the massive fund has been slow to adapt, GAO finds.

Thrift Board chairman to leave June 30

Embattled Federal Retirement Thrift Investment Board chairman Michael Kennedy will exit the agency as part of a Trump administration overhaul.

Changes coming to the TSP L fund

The Thrift Savings Plan announced more Lifecycle funds will be available July 1.

TSP updates loan, withdrawal options

The Thrift Savings Plan announced updates for temporary loans and withdrawals for TSP participants affected by COVID-19.

Retirement board reverses on Chinese-linked index fund

the Federal Retirement Thrift Investment Board decision comes two days after White House asked Labor Secretary Eugene Scalia to intervene.

White House steps on TSP's index fund including China-based companies

Citing national security and economic risks, senior officials instructed the Secretary of Labor to overturn plans by the Federal Retirement Thrift Investment Board to buy a fund that includes investments in China.

VA adds new 'coach' to mobile app lineup

The COVID Coach app promotes self-care and overall mental health for everyone during the coronavirus pandemic.

Trump names 3 replacements for TSP board

President Donald Trump nominated three new candidates to replace Obama-era officials on the five-member board that manages the Thrift Savings Plan of federal employees and retirees.

Bill bans TSP investments in some foreign index funds

Rep. Michael Waltz (R-Fla.), who introduced the Taxpayers and Savers Protection Act, said he worried that the TSP I-Fund would inadvertently fund foreign firms with ties to countries that were hostile to the U.S.

How much will federal pension cuts save?

A new report from the Congressional Budget Office examines five options for changing the federal retirement system.

New bill makes changes to TSP

Reps. Elijah Cummings (D-Md.) and Mark Meadows (R-N.C.) on June 23 introduced legislation that would allow federal employees to make multiple age-based and post-separation withdrawals from their Thrift Savings Plan accounts.

OPM trims retirement claims backlog in December

The Office of Personnel Management last month trimmed its retirement claims backlog to the lowest level since December 2014.

NARFE chief prods top HR officials on phased retirement

The leader of a leading federal employees group is urging the government's top human resources official to help move along the implementation of phased retirement.

Legislation proposes new TSP fund

A Virginia congressman has introduces legislation under which the Thrift Savings Plan would establish a Gender Equality-Focused Stock Index fund that invests in companies that have women in leadership positions.

NDAA includes TSP provision

The National Defense Authorization Act passed last week by the House includes a measure that would provide a retirement plan to most military service members who not eligible for military retirement.

Bill would allow public safety employees to tap TSP earlier

A bill introduced last month in the House would let federal public safety employees make penalty-free withdrawals from the Thrift Savings Plan after age 50.