Hot TSP news

[retiredunder50]

House Approves TSP Modernization Bill - Pay & Benefits - GovExec.com

House approves TSP bill that "would allow federal employees and retirees to make multiple age-based withdrawals from their Thrift Savings Plan accounts and remain eligible for partial withdrawals after they leave government as well. Additionally, those who have left government would be able to make multiple partial post-separation withdrawals. The bill also would allow those receiving monthly payments to change the amount of their annuity at any time, instead of only once per year. Participants could change the frequency of payments as well."

 

[donheff]

Had to look it up to make sure they weren't destroying the retirement system at the same time. They are not. This looks like a common sense change if the Senate will pick it up and the President will sign it. This is cost free and helpful to members and their staff thus not controversial on the Hill.

 

[zinger1457]

Had to look it up to make sure they weren't destroying the retirement system at the same time. They are not. This looks like a common sense change if the Senate will pick it up and the President will sign it. This is cost free and helpful to members and their staff thus not controversial on the Hill.

There appears to be other changes to federal benefits that the House recently approved as part of the 2018 budget. Some of the changes in the 2018 budget would include increasing the FERS employee contribution amount, using high 5 when determining your FERS benefit, and reducing the rate of return for the G Fund.

 

[donheff]

Here is hoping this one can slide through since it will be viewed positively by most. The budget proposal will get push back.