Former Alaska Senator Ted Stevens was a longtime advocate for federal employees. Stevens played a key role in the creation of the Thrift Savings Plan, a 401(k)-type retirement savings program. He also was one of the original sponsors of the 1993 Family Medical Leave Act, which provides 12 weeks of unpaid leave. A moderate Republican, […]
House Also Passes Thrift Saving Plan Reforms From The National Association of Postmasters of the United States (NAPUS) On Wednesday evening, the House of Representatives passed legislation that would enable Federal Employees Retirement System (FERS) employees to credit their unused sick leave towards retirement. Civil Service Retirement System (CSRS) employees already have this option. House […]
From the Federal Register The Federal Retirement Thrift Investment Board (Agency) amends its interfund transfer (IFT) regulations to limit the number of interfund transfer requests to two per calendar month. After a participant has made two interfund transfers in a calendar month, the participant may make additional interfund transfers only into the Government Securities Investment […]
The Thrift Savings Plan on Monday began requiring enrollees to identify themselves using new account numbers rather than Social Security numbers, prompting concern from some participants who say they have not received or have lost the new numbers. TSP officials announced the switch from Social Security numbers in August, noting that participants would have to […]
From the Postal Bulletin dated September 13, 2007 In August 2007, Thrift Savings Plan (TSP) management sent a letter to all participants announcing the implementation of new security enhancements. Starting in October 2007, the TSP will no longer use your Social Security number as your primary identifier on its Web site, www.tsp.gov, or ThriftLine, 877-968-3778. […]