TSP Data Not Impacted by OPM Breaches
TSP account numbers are not shared with OPM. Therefore, according to the Federal Retirement Thrift Investment Board, TSP data were not impacted by the recent data breaches impacting federal employees.
If you are a federal employee, you may be wondering how to plan for your retirement and make the most of your Thrift Savings Plan (TSP). The TSP is a tax-advantaged retirement savings plan that allows you to invest in various funds and options, depending on your risk tolerance and goals. On this tag page, you will find articles and resources that will help you understand the benefits and features of the TSP, as well as tips and strategies to increase your investment returns and secure your future income. You will also learn about the latest news and updates on the TSP performance, fees, withdrawals, and more. Whether you are just starting your federal career or are near retirement, these articles will provide you with valuable information and guidance on how to make the best use of your TSP.
TSP account numbers are not shared with OPM. Therefore, according to the Federal Retirement Thrift Investment Board, TSP data were not impacted by the recent data breaches impacting federal employees.
The Federal Retirement Thrift Investment Board, the group that oversees the Thrift Savings Plan, has given the green light to begin the process of adding mutual funds as an investment option to the TSP.
I applied for a full TSP withdrawal after retiring, but the TSP said I couldn’t do it because I was still employed due to a coding error by my agency. The stock market went down and my TSP balance declined while the problem was being resolved, so who takes the loss in funds due to this personnel error?
Federal employees who invest in the G fund may breathe a sigh of relief as a proposal to cut the interest rate paid by this TSP fund appears to have died in the Senate.
The author says politicians in Washington are using federal employees as political pawns which is likely to push talented people out of the federal workforce. He outlines some of the arguments coming from Washington against the federal workforce and dispels them with evidence of his own.
The G fund has never had a losing year. The rate of return on the G fund has been dropping as inflation has gone down and consideration is being given to reducing the G fund interest rate even more. Could this actually be a good thing for TSP investors?
Republicans in the Senate have revived a previously defunct idea that would drastically cut the interest rate that the G Fund pays to TSP investors.
Federal employees should know what happens to their benefits if they die while still employed.
How do your TSP fund balances and investment decisions compare to other federal employees? Are TSP balances generally going up or down? Recent data from the TSP provide some insight into these questions.
All TSP funds, with the exception of the G fund, showed losses in June including all of the Lifecycle funds. However, all funds remain in positive territory for the year.