USPS: Several TSP webinar sessions offered in July

July 8, 2022 Thrift Savings Plan specialists will offer several webinars in July on the ins and outs of the program, also known as TSP. Here’s an overview of the webinars and when they’ll be offered (all times are Eastern); select each date to register online. • TSP Contributions: Taking Control of Your Future: Shows…

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TSP will briefly suspend transactions during transition to new service provider

April 20, 2022 The Thrift Savings Plan (TSP) will transition administrative services to a new service provider this year, aiming to improve users’ experiences. The transition could affect participants who planned to request a transaction soon, because periodic downtime will be required to accommodate the transition process. During the transition period, participants’ savings will remain…

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USPS: Beneficiary information updates can be made on LiteBlue

March 29, 2022 The Postal Service wants to remind all workers that it is important to complete or update beneficiary information as soon as possible. This simple task takes just a minute or two and can save a lot of heartache down the line. The Life Changes LiteBlue page, a one-stop shop for updating employee…

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USPS: OPM clarifies pandemic leave effect on retirement deductions

The Postal Service wants employees who took leave under the Families First Coronavirus Response Act to know how it will affect their retirement deductions. The law, also known as the FFCRA, requires some employers to provide employees with emergency paid sick leave and expanded family and medical leave for child care. The leave benefit went…

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USPS Mandatory Stand-Up Talk: Impacts of New Leave on Retirement and TSP

“Since the introduction of the new leave types, the Office of Personnel Management has provided official guidance that leave payments under the FFCRA are not eligible for retirement and Thrift Savings Plan (TSP) deductions.” Related: USPS: OPM clarifies pandemic leave effect on retirement deductions

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USPS reminds employees to update their beneficiary forms

The Postal Service wants employees to have up-to-date beneficiary forms for life insurance and other benefits. While completing a beneficiary form is not mandatory, doing so allows an employee to choose who will receive payment. If an employee does not name a beneficiary, payment will be made to the next of kin according to a…

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USPS: New TSP podcast available

If you have questions about the Thrift Savings Plan (TSP), locating answers just became a little easier. The Federal Retirement Thrift Investment Board, the agency that administers the program, recently introduced “The Real TSP,” a podcast available on YouTube. The podcast is hosted by TSP educators who provide an in-depth look at retirement investing and…

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