Treasury Secretary on Debt Limit: ‘Extraordinary Measures’ for Civil Service Retirement and Disability, Postal Retiree Health Benefits, and TSP G Funds

January 13, 2023 WASHINGTON – Today, U.S. Secretary of the Treasury Janet L. Yellen sent a letter to all members of Congressional leadership regarding the debt limit. The full text of the letter can be found here and is available below. The Honorable Kevin McCarthy Speaker U.S. House of Representatives Washington, DC 20515 Dear Mr….

 Continue reading

USPS: TSP participants will receive two statements for second quarter

September 7, 2022 Postal Service employees and other federal workers will receive two statements from the Thrift Savings Plan (TSP) for second-quarter transactions. TSP is sending two statements due to recent administrative changes. The first statement, which was mailed in July and can be viewed in the TSP website’s My Account section, covers account activities…

 Continue reading

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…

 Continue reading

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…

 Continue reading

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…

 Continue reading

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

 Continue reading

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…

 Continue reading