Waiting for Resolution of TSP Website Problems? GAO Issues Interim Statement
In August 2022, GAO accepted a request to investigate TSP website problems. An interim GAO statement cites problems and an estimated date for a final report.
Federal employee pay news: If it impacts pay and benefits for federal employees, you’ll find it here. Stay informed about important topics such as annual federal pay raises, the GS pay scale, and Thrift Savings Plan (TSP) including the latest TSP performance updates. You will also find articles about the Federal Employees Health Benefits (FEHB) program, Federal Employees Group Life Insurance (FEGLI), and Federal Employees Dental and Vision Insurance Program (FEDVIP), or event legislation in Congress that could impact federal employees’ pay and benefits.
In August 2022, GAO accepted a request to investigate TSP website problems. An interim GAO statement cites problems and an estimated date for a final report.
The author lists some remaining problems he sees with the TSP after the program’s recent changes.
An ESG bill introduced by a California Congressman would place the TSP (and its $760 billion of assets) in a political controversy on investing in ESG funds.
An analysis of recent data suggests the Biden administration’s focus on racial equity may be working to reduce federal pay raises for White employees.
TSP performance is down in February 2023 but still up for the year-to-date. One TSP management advisor sees a “growth recession” ahead.
Readers have reported unhappy experiences with the new TSP website. Here is a summary of improvements that are on-going and planned for the near future.
Federal employees under both Medicare and FEHB could see much higher insurance costs if they pick the wrong plan.
Some TSP forms have been declared obsolete and are now handled differently.
Legislation has been introduced to expand paid leave for federal employees.
President Biden wants to give more leave options to federal employees.