NTEU President Kelley to Congress: Say No to Changing TSP’s G Fund

Posted on July 16, 2015July 16, 2015 by 21cpw

For Immediate Release: Wednesday, July 15 2015 Washington, D.C.—The head of the National Treasury Employees Union (NTEU) urged Congress this week to reject proposals to weaken the federal Thrift Saving Plan’s (TSP) G Fund. Congress is reportedly considering tapping the personal retirement savings of federal employees, retirees and members of the military to offset the…

IRS Can Now Withdraw Money from Your TSP Account to Collect on Tax Debts

Posted on September 13, 2014September 13, 2014 by 21cpw

(September 11, 2014) The Internal Revenue Service can now officially dip into federal employees’ retirement savings to recoup delinquent tax debts. The Federal Retirement Thrift Investment Board on Wednesday issued a final rule to implement a bill President Obama signed into law in early 2013 making TSP accounts subject to federal tax levies. Lawmakers who…