The Thrift Savings Plan (TSP) is a retirement savings and investment plan for Federal employees and members of the uniformed services, including the Ready Reserve. It was established by Congress in the Federal Employees’ Retirement System Act of 1986 and offers the same types of savings and tax benefits that many private corporations offer their employees under 401(k) plans. monthly 1 https://www.tsp.gov/news-and-resources/plan-news/ Sat, 01 Aug 2026 01:08:27 +0000 Second quarter participant statements available online by the end of July — Your second quarter 2026 participant statement, covering account activity from April 1 through June 30, 2026, will be available in My Account by the end of July. You’ll receive an email when your statement posts to your secure participant mailbox and is available for download. If you have postal mail selected as your delivery preference in your current My Account profile, you’ll also receive a copy of your quarterly statement by mail. Wed, 08 Jul 2026 00:00:00 +0000 https://www.tsp.gov/plan_news/2026-07-08-Second-Quarter-Participant-Statements-Available-Online-by-the-end-of-July/ https://www.tsp.gov/plan_news/2026-07-08-Second-Quarter-Participant-Statements-Available-Online-by-the-end-of-July/ First quarter participant statements available online by the end of April — Your first quarter 2026 participant statement, covering account activity from January 1 through March 31, 2026, will be available in My Account by the end of April. You’ll receive an email when your statement posts to your secure participant mailbox and is available for download. If you have postal mail selected as your delivery preference in your current My Account profile, you’ll also receive a copy of your quarterly statement by mail. Thu, 02 Apr 2026 00:00:00 +0000 https://www.tsp.gov/plan_news/2026-04-02-First-quarter-participant-statements-available-online-by-the-end-of-April/ https://www.tsp.gov/plan_news/2026-04-02-First-quarter-participant-statements-available-online-by-the-end-of-April/ TSP operations during a lapse in appropriations (government shutdown) — The TSP will continue its normal daily operations during the current lapse in appropriations. Fri, 13 Feb 2026 00:00:00 +0000 https://www.tsp.gov/plan_news/2026-02-13-tsp-operations-during-a-lapse-in-appropriations-government-shutdown/ https://www.tsp.gov/plan_news/2026-02-13-tsp-operations-during-a-lapse-in-appropriations-government-shutdown/ TSP operations during a lapse in appropriations (government shutdown) — The TSP will continue its normal daily operations during the current lapse in appropriations. Sat, 31 Jan 2026 00:00:00 +0000 https://www.tsp.gov/plan_news/2026-01-31-tsp-operations-during-a-lapse-in-appropriations-government-shutdown/ https://www.tsp.gov/plan_news/2026-01-31-tsp-operations-during-a-lapse-in-appropriations-government-shutdown/ Roth in-plan conversions are now available in My Account — Starting today, a Roth in-plan conversion option is available in My Account. Roth in-plan conversions allow you to convert money from your traditional (pre-tax) balance to a Roth (after-tax) balance within your TSP account. If you don’t already have a Roth TSP balance, your first conversion will automatically create one. Wed, 28 Jan 2026 00:00:00 +0000 https://www.tsp.gov/plan_news/2026-01-28-Roth-in-plan-conversions-are-now-available-in-My-Account/ https://www.tsp.gov/plan_news/2026-01-28-Roth-in-plan-conversions-are-now-available-in-My-Account/ January processing schedule Mon, 05 Jan 2026 00:00:00 +0000 https://www.tsp.gov/plan_news/2026-01-05-January-processing-schedule/ https://www.tsp.gov/plan_news/2026-01-05-January-processing-schedule/ Year-end transaction processing schedule — The TSP processing schedule for the end of 2025 lists when transactions will be processed (including withdrawals and installment payments) and dates that the TSP will close for federal holidays. December 15 — December installment payments will be processed on December 15 as scheduled and will be reported to the IRS as 2025 income. Mon, 01 Dec 2025 00:00:00 +0000 https://www.tsp.gov/plan_news/2025-12-01-2025-Year-end-transaction-processing-schedule/ https://www.tsp.gov/plan_news/2025-12-01-2025-Year-end-transaction-processing-schedule/ 2026 Contribution Limits — The Internal Revenue Code places specific limits on the amount that you can contribute to employer-sponsored plans like the TSP each year. See how the contribution limits have changed. Thu, 13 Nov 2025 00:00:00 +0000 https://www.tsp.gov/plan_news/2025-11-13-2026-contribution-limits/ https://www.tsp.gov/plan_news/2025-11-13-2026-contribution-limits/ Third quarter participant statements available online by the end of October — Your third quarter 2025 participant statement, covering account activity from July 1 through September 30, 2025, will be available in My Account by the end of October. You’ll receive an email when your statement posts to your secure participant mailbox and is available for download. If you have postal mail selected as your delivery preference in your current My Account profile, you’ll also receive a copy of your quarterly statement by mail. Fri, 03 Oct 2025 00:00:00 +0000 https://www.tsp.gov/plan_news/2025-10-03-third-quarter-participant-statements-available-online-by-the-end-of-october/ https://www.tsp.gov/plan_news/2025-10-03-third-quarter-participant-statements-available-online-by-the-end-of-october/ TSP operations during a lapse in appropriations (government shutdown) — The TSP will continue its normal daily operations during a lapse in appropriations. Wed, 01 Oct 2025 00:00:00 +0000 https://www.tsp.gov/plan_news/2025-10-01-tsp-operations-during-a-lapse-in-appropriations-government-shutdown/ https://www.tsp.gov/plan_news/2025-10-01-tsp-operations-during-a-lapse-in-appropriations-government-shutdown/ Roth in-plan conversions coming to the TSP in January 2026 — Starting in January 2026, you’ll be able to convert money in your traditional (pre-tax) balance to your Roth (after-tax) balance in your TSP account. This is called a “Roth in-plan conversion.” If you don’t have a Roth balance in your TSP account, your first Roth in-plan conversion will create one. Fri, 05 Sep 2025 00:00:00 +0000 https://www.tsp.gov/plan_news/2025-09-05-roth-in-plan-conversions-coming-to-the-tsp-in-january-2026/ https://www.tsp.gov/plan_news/2025-09-05-roth-in-plan-conversions-coming-to-the-tsp-in-january-2026/ Second quarter participant statements available online by the end of July — Your second quarter 2025 participant statement, covering account activity from April 1 through June 30, 2025, will be available in My Account by the end of July. You’ll receive an email when your statement posts to your secure participant mailbox and is available for download. If you have postal mail selected as your delivery preference in your current My Account profile, you’ll also receive a copy of your quarterly statement by mail. Wed, 02 Jul 2025 00:00:00 +0000 https://www.tsp.gov/plan_news/2025-07-02-second-quarter-participant-statements-available-online-by-the-end-of-july/ https://www.tsp.gov/plan_news/2025-07-02-second-quarter-participant-statements-available-online-by-the-end-of-july/ Changes to two Lifecycle Funds — Beginning June 30, 2025, we added a new L Fund, the L 2075. Additionally, the L 2025 Fund, having reached its target date, was rolled into the L Income Fund. If you plan to start withdrawing from your TSP account in 2073 or later, or if you were born after 2009, you might consider investing in the L 2075 Fund. Each of the eleven L Funds is designed to help you target the time when you’ll need your money. Mon, 30 Jun 2025 00:00:00 +0000 https://www.tsp.gov/plan_news/2025-06-30-changes-to-two-lifecycle-funds/ https://www.tsp.gov/plan_news/2025-06-30-changes-to-two-lifecycle-funds/ Upcoming changes to two Lifecycle Funds — Starting June 30, 2025, we’re adding a new L Fund, the L 2075. Additionally, the L 2025 Fund, having reached its target date, will be rolled into the L Income Fund. If you plan to start withdrawing from your TSP account in 2073 or later, or if you were born after 2009, you might consider investing in the L 2075 Fund. Each of the eleven L Funds is designed to help you target the time when you’ll need your money. Fri, 30 May 2025 00:00:00 +0000 https://www.tsp.gov/plan_news/2025-06-30-Upcoming-changes-to-two-Lifecycle-Funds/ https://www.tsp.gov/plan_news/2025-06-30-Upcoming-changes-to-two-Lifecycle-Funds/ First quarter participant statements available online by the end of April — Your first quarter 2025 participant statement, covering account activity from January 1 through March 31, 2025, will be available in My Account by the end of April. You’ll receive an email when your statement posts to your secure participant mailbox and is available for download. If you have postal mail selected as your delivery preference in your current My Account profile, you’ll also receive a copy of your quarterly statement by mail. Wed, 02 Apr 2025 00:00:00 +0000 https://www.tsp.gov/plan_news/2025-04-02-First-quarter-participant-statements-available-online-by-the-end-of-April/ https://www.tsp.gov/plan_news/2025-04-02-First-quarter-participant-statements-available-online-by-the-end-of-April/ Don’t let short-term market movements steer you off course —The stock and bond markets can change rapidly. Remember that investing for retirement is for the long term, and sticking to a plan with diversified investments is more likely to bring you success than trying to time the markets. By the time you react to a downturn, the markets may be moving in the opposite direction, and you could miss out on significant gains. Instead, focus on a consistent investment strategy to take advantage of compound earnings and dollar cost averaging. Participants who stick to their long-term goals during market downturns can end up with tens of thousands more dollars in savings over time. Wed, 12 Mar 2025 00:00:00 +0000 https://www.tsp.gov/plan_news/2025-03-12-Dont-let-short-term-market-movements-steer-you-off-course/ https://www.tsp.gov/plan_news/2025-03-12-Dont-let-short-term-market-movements-steer-you-off-course/ Annual statements to be delivered electronically in 2025 — If you have provided your email address to the TSP, your annual account statements will be delivered to you electronically only inside My Account starting this year. Quarterly statements and many other TSP notices are already delivered this way. While some electronic notices will go directly to your preferred email address on file, most will be posted in your secure participant mailbox in My Account. Tue, 07 Jan 2025 00:00:00 +0000 https://www.tsp.gov/plan-news/2025-01-07-Annual-statements-to-be-delivered-electronically-in-2025/ https://www.tsp.gov/plan-news/2025-01-07-Annual-statements-to-be-delivered-electronically-in-2025/ January processing schedule Fri, 03 Jan 2025 00:00:00 +0000 https://www.tsp.gov/plan-news/2025-01-03-January-processing-schedule/ https://www.tsp.gov/plan-news/2025-01-03-January-processing-schedule/ Federal government closing — Some financial markets and the federal government will be closed on Thursday, January 9, in observance of the national day of mourning for the late President James Earl (Jimmy) Carter Jr. Therefore, the Thrift Savings Plan will not be updating share prices in any of the TSP funds for that day. Transactions that would have been processed Thursday night (January 9) will be processed Friday night (January 10) at Friday’s closing share prices. If you have questions about your TSP account, the ThriftLine (1-877-968-3778) will remain open on Thursday, January 9. Tue, 31 Dec 2024 00:00:00 +0000 https://www.tsp.gov/plan-news/2024-12-31-Federal-government-closing/ https://www.tsp.gov/plan-news/2024-12-31-Federal-government-closing/ Year-end transaction processing schedule — The TSP processing schedule for the end of 2024 lists when transactions will be processed (including withdrawals and installment payments) and dates that the TSP will close for federal holidays. Mon, 02 Dec 2024 00:00:00 +0000 https://www.tsp.gov/plan-news/2024-12-02-Year-end-transaction-processing-schedule/ https://www.tsp.gov/plan-news/2024-12-02-Year-end-transaction-processing-schedule/ 2025 contribution limits — The Internal Revenue Code places specific limits on the amount that you can contribute to employer-sponsored plans like the TSP each year. See how the contribution limits have changed. Mon, 04 Nov 2024 00:00:00 +0000 https://www.tsp.gov/plan-news/2024-11-04-2025-Contribution-Limits/ https://www.tsp.gov/plan-news/2024-11-04-2025-Contribution-Limits/ I Fund benchmark index change complete — The transition of the I Fund benchmark to the MSCI All Country World Investable Market Index ex USA ex China ex Hong Kong Index (MSCI ACWI IMI ex USA ex China ex Hong Kong Index) is complete. Wed, 30 Oct 2024 00:00:00 +0000 https://www.tsp.gov/plan-news/2024-10-30-I-Fund-benchmark-index-change-complete/ https://www.tsp.gov/plan-news/2024-10-30-I-Fund-benchmark-index-change-complete/ New to the TSP? Turn your $1 into $10 — Did you know that every $1 you invest in the TSP can grow to $10 in 35 years*—without you needing to do anything else? And yes, every $1 your agency or service contributes to your account can grow to $10 in 35 years too.* Mon, 14 Oct 2024 00:00:00 +0000 https://www.tsp.gov/plan-news/2024-10-14-New-to-the-TSP-Turn-your-1-dollar-into-10/ https://www.tsp.gov/plan-news/2024-10-14-New-to-the-TSP-Turn-your-1-dollar-into-10/ Third quarter participant statements available online by the end of October — Your third quarter 2024 participant statement, covering account activity from July 1 through September 30, 2024, will be available in My Account by the end of October. You’ll receive an email when your statement posts to your secure participant mailbox and is available for download. Wed, 02 Oct 2024 00:00:00 +0000 https://www.tsp.gov/plan-news/2024-10-02-Third-quarter-participant-statements-available-online-by-the-end-of-October/ https://www.tsp.gov/plan-news/2024-10-02-Third-quarter-participant-statements-available-online-by-the-end-of-October/ I Fund tracking new benchmark index — We’ve updated I Fund information on our website as part of the previously announced transition of the I Fund benchmark. The I Fund information now reflects the MSCI All Country World Investable Market Index ex USA ex China ex Hong Kong Index (MSCI ACWI IMI ex USA ex China ex Hong Kong Index). Tue, 03 Sep 2024 00:00:00 +0000 https://www.tsp.gov/plan-news/2024-09-03-I-Fund-tracking-new-benchmark-index/ https://www.tsp.gov/plan-news/2024-09-03-I-Fund-tracking-new-benchmark-index/ Change to delivery of payment confirmation notices — When you receive money from your TSP account, we’ll send you a payment confirmation notice according to your communication delivery preference—either electronically to your secure participant mailbox in My Account or by mail to your preferred address. Previously, we sent all payment confirmation notices by mail. Tue, 13 Aug 2024 00:00:00 +0000 https://www.tsp.gov/plan-news/2024-08-13-Change-to-delivery-of-payment-confirmation-notices/ https://www.tsp.gov/plan-news/2024-08-13-Change-to-delivery-of-payment-confirmation-notices/ A new Lifecycle Fund is now available — As of July 26, 2024, you have eleven Lifecycle Funds (L Funds) to choose from instead of the ten previously available. We added one additional L Fund, the L 2070. You can consider investing in the L 2070 Fund if you plan to begin withdrawing from your TSP account in 2068 or later, or if you were born after 2004. Each of the eleven L Funds allows you to target the time when you think you’ll need your money. Fri, 26 Jul 2024 00:00:00 +0000 https://www.tsp.gov/plan-news/2024-07-26-A-new-Lifecycle-Fund-is-now-available/ https://www.tsp.gov/plan-news/2024-07-26-A-new-Lifecycle-Fund-is-now-available/ Second quarter participant statements available online by the end of July — Your second quarter 2024 participant statement, covering account activity from April 1 through June 30, 2024, will be available in My Account by the end of July. You’ll receive an email when your statement posts to your secure participant mailbox and is available for download. Wed, 03 Jul 2024 00:00:00 +0000 https://www.tsp.gov/plan-news/2024-07-03-Second-quarter-participant-statements-available-online-by-the-end-of-July/ https://www.tsp.gov/plan-news/2024-07-03-Second-quarter-participant-statements-available-online-by-the-end-of-July/ A new Lifecycle Fund is coming soon — As of July 26, 2024, you will have eleven Lifecycle (L) Funds to choose from instead of the ten currently available. We’re adding one additional L Fund, the L 2070. You can consider investing in the L 2070 Fund if you plan to begin withdrawing from your TSP account in 2068 or later, or if you were born after 2004. Each of the eleven L Funds allow you to target the time when you think you’ll need your money. Wed, 26 Jun 2024 00:00:00 +0000 https://www.tsp.gov/plan-news/2024-06-26-A-new-Lifecycle-Fund-is-coming-soon/ https://www.tsp.gov/plan-news/2024-06-26-A-new-Lifecycle-Fund-is-coming-soon/ No 30-day waiting period between withdrawal requests — If you request a withdrawal from your TSP account, you no longer need to wait 30 days to request another withdrawal. Removing the 30-day waiting period gives you even more flexibility in planning your withdrawal strategy, along with multiple withdrawal options and the ability to complete your withdrawal requests entirely online in My Account. This change is part of our ongoing efforts to make the TSP a simple and convenient place for you to manage your retirement income. Wed, 15 May 2024 00:00:00 +0000 https://www.tsp.gov/plan-news/2024-05-15-No-30-day-waiting-period-between-withdrawal-requests/ https://www.tsp.gov/plan-news/2024-05-15-No-30-day-waiting-period-between-withdrawal-requests/ I Fund benchmark index change in 2024 — As previously announced, the FRTIB Board will change the I Fund’s benchmark index in 2024. This change will further diversify I Fund investments and give TSP participants access to more markets and companies. Based on a thorough analysis, the Board expects the new index to offer opportunities for higher returns without a significant increase in risk. Mon, 05 Feb 2024 00:00:00 +0000 https://www.tsp.gov/plan-news/2024-02-05-I-Fund-benchmark-index-change-in-2024/ https://www.tsp.gov/plan-news/2024-02-05-I-Fund-benchmark-index-change-in-2024/ January processing schedule Fri, 05 Jan 2024 00:00:00 +0000 https://www.tsp.gov/plan-news/2024-01-05-January-processing-schedule/ https://www.tsp.gov/plan-news/2024-01-05-January-processing-schedule/ Year-end transaction processing schedule — The TSP processing schedule for the end of 2023 lists when transactions will be processed (including withdrawals and installment payments) and dates that the TSP will close for federal holidays. Fri, 01 Dec 2023 00:00:00 +0000 https://www.tsp.gov/plan-news/2023-12-01-year-end-transaction-processing-schedule/ https://www.tsp.gov/plan-news/2023-12-01-year-end-transaction-processing-schedule/ Federal Retirement Thrift Investment Board approves a new benchmark index for the I Fund — The I Fund currently tracks the MSCI Europe, Australasia and Far East (EAFE) Index. The Board selected the MSCI All Country World ex USA ex China ex Hong Kong Investable Market Index (MSCI ACWI IMI ex USA ex China ex Hong Kong Index) as the benchmark for the I Fund. The Board will work with its fund managers to implement the transition from the current index to the new index in 2024. Tue, 14 Nov 2023 00:00:00 +0000 https://www.tsp.gov/plan-news/2023-11-14-Federal-Retirement-Thrift-Investment-Board-approves-new-benchmark-index-for-the-I-Fund/ https://www.tsp.gov/plan-news/2023-11-14-Federal-Retirement-Thrift-Investment-Board-approves-new-benchmark-index-for-the-I-Fund/ 2024 Contribution Limits — The Internal Revenue Code places specific limits on the amount that you can contribute to employer-sponsored plans like the TSP each year. See how the contribution limits have changed. Fri, 03 Nov 2023 00:00:00 +0000 https://www.tsp.gov/plan-news/2023-11-03-contribution-limits/ https://www.tsp.gov/plan-news/2023-11-03-contribution-limits/ Third quarter participant statements available online by the end of October — Your third quarter 2023 participant statement, covering account activity from July 1 through September 30, 2023, will be available in My Account by the end of October. You’ll receive an email when your statement posts to your secure participant mailbox and is available for download. Tue, 03 Oct 2023 00:00:00 +0000 https://www.tsp.gov/plan-news/2023-10-03-third-quarter-participant-statements-available-online-by-the-end-of-october/ https://www.tsp.gov/plan-news/2023-10-03-third-quarter-participant-statements-available-online-by-the-end-of-october/ Manage installment payments in My Account — You can now manage your installment payments in My Account at any time by stopping existing installments and requesting new installments. Tue, 25 Jul 2023 00:00:00 +0000 https://www.tsp.gov/plan-news/2023-07-25-manage-installment-payments-in-my-account/ https://www.tsp.gov/plan-news/2023-07-25-manage-installment-payments-in-my-account/ Second quarter participant statements available online by the end of July — Your second quarter 2023 participant statement, covering account activity from April 1 through June 30, 2023, will be available in My Account by the end of July. You’ll receive an email when your statement posts to your secure participant mailbox and is available for download. Wed, 05 Jul 2023 00:00:00 +0000 https://www.tsp.gov/plan-news/2023-07-05-Second-quarter-participant-statements-available-online-by-the-end-of-July/ https://www.tsp.gov/plan-news/2023-07-05-Second-quarter-participant-statements-available-online-by-the-end-of-July/ Upcoming changes to My Account — On May 17, 2023, the My Account homepage will have a new look to improve your TSP experience. We’re making this update in response to feedback about what participants prefer to see first when logging in. Tue, 09 May 2023 00:00:00 +0000 https://www.tsp.gov/plan-news/2023-05-09-Upcoming-changes-to-My-Account/ https://www.tsp.gov/plan-news/2023-05-09-Upcoming-changes-to-My-Account/ First quarter participant statements available online by the end of April — Your first quarter 2023 participant statement, covering account activity from January 1 through March 31, 2023, will be available in My Account by the end of April. You’ll receive an email when your statement posts to your secure participant mailbox and is available for download. Mon, 03 Apr 2023 00:00:00 +0000 https://www.tsp.gov/plan-news/2023-04-03-First-quarter-participant-statements-available-online-by-the-end-of-April/ https://www.tsp.gov/plan-news/2023-04-03-First-quarter-participant-statements-available-online-by-the-end-of-April/ President signs SECURE 2.0 Act — On December 29, 2022, President Biden signed the Setting Every Community Up for Retirement Enhancement (SECURE) 2.0 Act of 2022 into law. SECURE 2.0 increases the start age for required minimum distributions from 72 to 73 in 2023 and then further increases the start age to 75 in 2033. We’re continuing to assess how SECURE 2.0 will affect the TSP and will provide updates as more details are finalized. Fri, 06 Jan 2023 00:00:00 +0000 https://www.tsp.gov/plan-news/2023-01-06-President-signs-SECURE-2_0-Act/ https://www.tsp.gov/plan-news/2023-01-06-President-signs-SECURE-2_0-Act/ January processing schedule Fri, 06 Jan 2023 00:00:00 +0000 https://www.tsp.gov/plan-news/2023-01-06-January-processing-schedule/ https://www.tsp.gov/plan-news/2023-01-06-January-processing-schedule/ Year-end transaction processing schedule — The TSP processing schedule for the end of 2022 lists when transactions will be processed (including withdrawals and installment payments) and dates that the TSP will close for federal holidays. Thu, 01 Dec 2022 00:00:00 +0000 https://www.tsp.gov/plan-news/2022-12-01-year-end-transaction-processing-schedule/ https://www.tsp.gov/plan-news/2022-12-01-year-end-transaction-processing-schedule/ 2023 Contribution Limits — The Internal Revenue Code places specific limits on the amount that you can contribute to employer-sponsored plans like the TSP each year. See how the contribution limits have changed. Wed, 26 Oct 2022 00:00:00 +0000 https://www.tsp.gov/plan-news/2022-10-26-contribution-limits/ https://www.tsp.gov/plan-news/2022-10-26-contribution-limits/ Information about your 2022 second quarter TSP statements — Given the timing of the recent transition of recordkeeping services, you’ll receive your 2022 second quarter account activity in two statements: Mon, 25 Jul 2022 00:00:00 +0000 https://www.tsp.gov/plan-news/2022-07-25-Information-about-your-2022-second-quarter-TSP-statements/ https://www.tsp.gov/plan-news/2022-07-25-Information-about-your-2022-second-quarter-TSP-statements/ Set up your new login to the new My Account — We’ve successfully completed our transition to a new system, and all TSP services are available, with new tools and features for you to explore. Wed, 08 Jun 2022 00:00:00 +0000 https://www.tsp.gov/plan-news/2022-06-08-Set-up-your-new-login-to-the-new-My-Account/ https://www.tsp.gov/plan-news/2022-06-08-Set-up-your-new-login-to-the-new-My-Account/ Temporary suspension of certain TSP transactions and services planned for May 16 until the first week of June — As you may know already, we’re adding new features and tools to your TSP experience. In order to prepare for the transition to this new TSP system, we’ll need to temporarily suspend certain transactions and services for a brief period beginning May 16 and ending the first week of June. Tue, 26 Apr 2022 00:00:00 +0000 https://www.tsp.gov/plan-news/2022-04-26-temporary-suspension-of-certain-TSP-transactions-and-services/ https://www.tsp.gov/plan-news/2022-04-26-temporary-suspension-of-certain-TSP-transactions-and-services/ New features to make the TSP even better — Later this year, we’ll introduce new TSP features and tools to make your TSP experience even better and to further help you achieve your retirement goals. As a TSP participant or beneficiary, you’ll have more flexibility in how you access My Account, more options to contact TSP representatives if you need help, and even more transactions you can complete smoothly and securely online. Learn more about the new updates to the TSP. Mon, 28 Feb 2022 00:00:00 +0000 https://www.tsp.gov/plan-news/2022-02-28-new-features-to-make-the-TSP-even-better/ https://www.tsp.gov/plan-news/2022-02-28-new-features-to-make-the-TSP-even-better/ High call volume on the ThriftLine — The week of Washington’s Birthday is one of the busiest for the ThriftLine. From February 22 to February 25, we expect to experience high call volume and longer-than-normal wait times for speaking to a TSP representative. To minimize your wait time, consider calling the ThriftLine later in the week, before 10:00 a.m. eastern time, or after 4:00 p.m. eastern time. We appreciate your patience. Fri, 18 Feb 2022 00:00:00 +0000 https://www.tsp.gov/plan-news/2022-02-18-high-call-volume-on-the-thriftline/ https://www.tsp.gov/plan-news/2022-02-18-high-call-volume-on-the-thriftline/ January processing schedule Mon, 24 Jan 2022 00:00:00 +0000 https://www.tsp.gov/plan-news/2022-01-24-january-processing-schedule/ https://www.tsp.gov/plan-news/2022-01-24-january-processing-schedule/ Year-end transaction processing schedule — The TSP processing schedule for the end of 2021 is shown below and includes information about when transactions (including withdrawals and installment payments) will be processed, as well as when the TSP will be closed during the holiday season. Wed, 01 Dec 2021 00:00:00 +0000 https://www.tsp.gov/plan-news/2021-12-01-year-end-transaction-processing-schedule/ https://www.tsp.gov/plan-news/2021-12-01-year-end-transaction-processing-schedule/ 2022 Contribution Limits — The Internal Revenue Code places specific limits on the amount that you can contribute to employer-sponsored plans like the TSP each year. The limits for 2022 have been announced. To learn more, visit “Contribution limits.” Tue, 09 Nov 2021 00:00:00 +0000 https://www.tsp.gov/plan-news/2021-11-09-contribution-limits/ https://www.tsp.gov/plan-news/2021-11-09-contribution-limits/ Third quarter participant statements are online and in the mail — Your third quarter 2021 participant statement, covering the period from July 1 through September 30, 2021, is now available in My Account. To receive email updates when new participant statements are available and other news, select the “Subscribe” button on the top of this page. Wed, 13 Oct 2021 00:00:00 +0000 https://www.tsp.gov/plan-news/2021-10-13-third-quarter-participant-statements-2021/ https://www.tsp.gov/plan-news/2021-10-13-third-quarter-participant-statements-2021/ Second quarter participant statements are online and in the mail — Your second quarter 2021 participant statement, covering the period from April 1 through June 30, 2021, is now available in My Account. To receive email updates when new participant statements are available, select the “Subscribe” button on Plan news. Wed, 14 Jul 2021 00:00:00 +0000 https://www.tsp.gov/plan-news/2021-07-14-second-quarter-participant-statements-2021/ https://www.tsp.gov/plan-news/2021-07-14-second-quarter-participant-statements-2021/ First quarter participant statements are online and in the mail —Your first quarter 2021 participant statement, covering the period from January 1 through March 31, 2021, is now available in My Account. To receive email updates when new participant statements are available, select the “Subscribe” button on Plan news. Wed, 14 Apr 2021 00:00:00 +0000 https://www.tsp.gov/plan-news/2021-04-14-first-quarter-participant-statements-2021/ https://www.tsp.gov/plan-news/2021-04-14-first-quarter-participant-statements-2021/ Second investment manager to be added — Starting in April 2021, the FRTIB will begin transferring some of the assets in the C, S, and F Funds from BlackRock Institutional Trust Company, N.A., to State Street Global Advisors Trust Company. Having two investment managers allows each to serve as a backup to the other. We expect that the transfers will be complete by the end of June 2021. We will update tsp.gov and our educational materials to reflect the addition of the second manager as the transfers are made. The transfers will not affect your ability to make changes to your TSP account. Mon, 15 Mar 2021 00:00:00 +0000 https://www.tsp.gov/plan-news/2021-03-15-Second-investment-manager-to-be-added/ https://www.tsp.gov/plan-news/2021-03-15-Second-investment-manager-to-be-added/ Annual participant statements are online and in the mail — Your annual 2020 participant statement, covering the period from January 1 through December 31, 2020, is now available in My Account. To receive e-mail updates when new participant statements are available, select the “Subscribe” button on Plan news. Wed, 03 Feb 2021 00:00:00 +0000 https://www.tsp.gov/plan-news/2021-02-03-annual-participant-statements-for-2020/ https://www.tsp.gov/plan-news/2021-02-03-annual-participant-statements-for-2020/ 1099-Rs for repaid 2020 RMDs are correct — If you received a required minimum distribution (RMD) from your TSP account in 2020, we must report the income and send you a Form 1099-R even if you rolled the money back into your account or into another retirement account under the terms of the CARES Act. You may have already received the 1099-R. You should not expect a “corrected” 1099-R. Remember that not all reported income is taxable income. If you received an RMD that was eligible for rollover in 2020 and you repaid it or rolled it over by the deadline, then it’s not taxable income. Please consult the IRS or a tax adviser for instructions and additional information on tax filing. Tue, 26 Jan 2021 00:00:00 +0000 https://www.tsp.gov/plan-news/2021-01-06-1099-rs-for-repaid-2020-rmds-are-correct/ https://www.tsp.gov/plan-news/2021-01-06-1099-rs-for-repaid-2020-rmds-are-correct/ January Processing Schedule Mon, 25 Jan 2021 00:00:00 +0000 https://www.tsp.gov/plan-news/2021-01-25-january-processing-schedule/ https://www.tsp.gov/plan-news/2021-01-25-january-processing-schedule/ December 15 deadline for requesting a CARES Act withdrawal — The CARES Act allows coronavirus-affected participants to make a one-time withdrawal of up to $100,000 from a civilian or uniformed services account. If you are eligible and plan to make this type of withdrawal, we must receive your completed application on or before December 15, 2020. We cannot accept any applications received after 11:59 PM that day. Thu, 10 Dec 2020 00:00:00 +0000 https://www.tsp.gov/plan-news/2020-12-10-december-15-deadline-for-requesting-cares-act-withdrawal/ https://www.tsp.gov/plan-news/2020-12-10-december-15-deadline-for-requesting-cares-act-withdrawal/ Year-end transaction processing schedule — The TSP processing schedule for the end of 2020 is shown below and includes information about when transactions (including withdrawals and installment payments) will be processed, as well as when the TSP will be closed during the holiday season. Tue, 01 Dec 2020 00:00:00 +0000 https://www.tsp.gov/plan-news/2020-12-01-2020-year-end-transaction-processing-schedule/ https://www.tsp.gov/plan-news/2020-12-01-2020-year-end-transaction-processing-schedule/ November 30 deadline for suspending 2020 TSP loan payments — The CARES Act allowed participants to suspend payments on TSP loans for the rest of calendar year 2020. If you plan to suspend your remaining 2020 loan payments, we must receive your completed TSP-46 application on or before November 30, 2020. We will not accept any applications received after 11:59 PM that day. Wed, 25 Nov 2020 00:00:00 +0000 https://www.tsp.gov/plan-news/2020-11-25-November-30-deadline-for-suspending-2020-TSP-loan-payments/ https://www.tsp.gov/plan-news/2020-11-25-November-30-deadline-for-suspending-2020-TSP-loan-payments/ Catch-up contributions are changing — Starting in January 2021, the process for catch-up contributions will be easier for TSP participants. If you’re turning age 50 or older, you’ll no longer need to make separate catch-up elections to your TSP account to contribute toward the catch-up limit. Fri, 20 Nov 2020 00:00:00 +0000 https://www.tsp.gov/plan-news/2020-11-20-catch-up-contributions-are-changing/ https://www.tsp.gov/plan-news/2020-11-20-catch-up-contributions-are-changing/ High call volume on the ThriftLine — We are currently experiencing high call volume and longer-than-normal wait times for speaking to a TSP representative on the ThriftLine. Mon, 02 Nov 2020 00:00:00 +0000 https://www.tsp.gov/plan-news/2020-11-02-high-call-volume/ https://www.tsp.gov/plan-news/2020-11-02-high-call-volume/ 2021 Contribution limits — The Internal Revenue Code places specific limits on the amount that you can contribute to employer-sponsored plans like the TSP each year. The limits for 2021 have been announced. To learn more, visit “Contribution limits.” Mon, 02 Nov 2020 00:00:00 +0000 https://www.tsp.gov/plan-news/2020-11-02-contribution-limits-2021/ https://www.tsp.gov/plan-news/2020-11-02-contribution-limits-2021/ Important message for notaries during the COVID-19 pandemic — If the state in which you reside has extended notary commissions as a result of the pandemic, you must include information about the extension with any TSP forms you notarize. You may include this information as an annotation or as supporting documentation from your state. We will not be able to process forms that have been notarized with an expired commission unless you include an annotation or provide supporting documentation. Wed, 28 Oct 2020 00:00:00 +0000 https://www.tsp.gov/plan-news/2020-10-28-notaries-during-covid-19/ https://www.tsp.gov/plan-news/2020-10-28-notaries-during-covid-19/ Third quarter participant statements are online and in the mail — Your third quarter 2020 participant statement, covering the period from July 1 through September 30, 2020, is now available in My Account. To receive email updates when new participant statements are available, select the “Subscribe” button on Plan news. Wed, 14 Oct 2020 00:00:00 +0000 https://www.tsp.gov/plan-news/2020-10-14-third-quarter-participant-statements-2020/ https://www.tsp.gov/plan-news/2020-10-14-third-quarter-participant-statements-2020/ Logging in to My Account with a user ID, password, and validated phone number — To log in securely to My Account, you need a user ID, password, and validated phone number to receive an authentication code. We’ve added new features to make this change as easy as possible for you. Tue, 06 Oct 2020 00:00:00 +0000 https://www.tsp.gov/plan-news/2020-10-06-login-changing/ https://www.tsp.gov/plan-news/2020-10-06-login-changing/ Notarization requirements reinstated as of October 1, 2020 — As of October 1, 2020, TSP forms that require notarized signatures must be signed and notarized. We accept electronic and remote notarization in addition to traditional, in-person notarization. All signatures must be handwritten or made electronically with PIV or CAC credentials. Thu, 01 Oct 2020 00:00:00 +0000 https://www.tsp.gov/plan-news/2020-10-01-notary-requirements-reinstated/ https://www.tsp.gov/plan-news/2020-10-01-notary-requirements-reinstated/ September 22 deadline for temporary loan increase — The CARES Act allowed us to temporarily increase the maximum loan amount on general purpose loans for qualified individuals. If you plan to apply for a loan with the increased maximum, we must receive your completed application on or before September 22, 2020. The online application tool in My Account will come down at noon that day. We can accept signed loan agreements until midnight that night. Tue, 15 Sep 2020 00:00:00 +0000 https://www.tsp.gov/plan-news/2020-10-01-loan-increase/ https://www.tsp.gov/plan-news/2020-10-01-loan-increase/ Temporary acceptance of PIV and CAC signatures on TSP forms — We will temporarily accept certain digital signatures on TSP forms in order to support participants in physical distancing measures during the COVID-19 pandemic. To be eligible, you must use your unexpired U.S. federal personal identity verification (PIV) credentials or common access card (CAC) to sign your form before you submit it to us. Tue, 04 Aug 2020 00:00:00 +0000 https://www.tsp.gov/plan-news/2020-08-04-piv-cac-signatures/ https://www.tsp.gov/plan-news/2020-08-04-piv-cac-signatures/ Restriction to be lifted on starting and restarting installment payments based on life expectancy — The FRTIB is permanently changing the rule that prevents you from starting installment payments based on life expectancy if you have previously received installment payments. Beginning in January 2021, all TSP participants who are eligible for installment payments may elect to receive payments based on life expectancy whether or not they previously started and then stopped installment payments. This means that if you are currently receiving life-expectancy payments, you may now stop them, knowing that you will be able to restart them next year. (You will not be able to restart them in 2020, but you can always use other withdrawal types for which you’re eligible.) This is a significant rule change, especially if you currently receive life-expectancy payments for the purpose of receiving required minimum distributions (RMDs) and want to temporarily suspend those payments while RMDs are waived in 2020. To do so, log in to My Account now and select Withdrawals and Changes to Installment Payments to stop your payments. To restart them in 2021, log in again and start a new transaction to request installment payments based on life expectancy. Please disregard any TSP materials that state the old rule, including instructions you may see when using the online tool to stop payments. We will update them as soon as possible. Wed, 29 Jul 2020 00:00:00 +0000 https://www.tsp.gov/plan-news/2020-07-29-installment-payments/ https://www.tsp.gov/plan-news/2020-07-29-installment-payments/ Second quarter participant statements are online and in the mail — Your second quarter 2020 participant statement, covering the period from April 1 through June 30, 2020, is now available in My Account. To receive email updates when new participant statements are available, select the “Subscribe” button on Plan news. Wed, 15 Jul 2020 00:00:00 +0000 https://www.tsp.gov/plan-news/2020-07-15-second-quarter-participant-statements/ https://www.tsp.gov/plan-news/2020-07-15-second-quarter-participant-statements/ Submitting certain forms online — You may now submit certain TSP forms online by logging in to My Account and uploading a PDF copy of the form. You’ll find an up-to-date list of forms we accept online when you log in to My Account and select Upload Form from the menu. That section provides detailed instructions on how to prepare your file for upload. Mon, 13 Jul 2020 00:00:00 +0000 https://www.tsp.gov/plan-news/2020-07-13-submitting-certain-forms-online/ https://www.tsp.gov/plan-news/2020-07-13-submitting-certain-forms-online/ CARES Act Withdrawal now available — TSP participants affected by COVID-19 (as defined by the CARES Act, P.L. 116-136) may now apply for a CARES Act Withdrawal of up to $100,000 from a civilian or uniformed services account. For those still in federal service, the usual requirements that you be at least 59½ years old or certify that you meet specific financial hardship criteria are waived. For all applicants, federal tax withholding is optional. The deadline for applying is December 15, 2020. Mon, 13 Jul 2020 00:00:00 +0000 https://www.tsp.gov/plan-news/2020-07-13-cares-act-withdrawal-now-available/ https://www.tsp.gov/plan-news/2020-07-13-cares-act-withdrawal-now-available/ More Lifecycle Funds now available — As of July 1, 2020, you have ten Lifecycle (L) Funds to choose from instead of the five previously available. We added the additional L Funds so that the target dates will be separated by only five years instead of ten, allowing you to more precisely target the time when you think you’ll need your money. Six more L Funds have been added, and the L 2020 Fund, having reached its target date, has been rolled into the L Income Fund. Wed, 01 Jul 2020 00:00:00 +0000 https://www.tsp.gov/plan-news/2020-07-01-more-lifecycle-funds-now-available/ https://www.tsp.gov/plan-news/2020-07-01-more-lifecycle-funds-now-available/ TSP loan options for COVID-19-affected participants now available — TSP participants affected by COVID-19 (as defined by the CARES Act, P.L. 116-136) may now apply for a TSP general purpose loan with an increased maximum loan amount. These participants may also temporarily suspend payments on TSP loans they currently have and on loans taken between now and November 30, 2020. The deadline for applying for a loan with an increased maximum is September 18, 2020. The deadline for requesting suspension of loan payments is November 30, 2020. Loan payment suspensions will last for the rest of calendar year 2020. Mon, 15 Jun 2020 00:00:00 +0000 https://www.tsp.gov/plan-news/2020-06-15-tsp-loan-options-for-covid-19-affected-participants/ https://www.tsp.gov/plan-news/2020-06-15-tsp-loan-options-for-covid-19-affected-participants/ Board Chairman announces resignation — Federal Retirement Thrift Investment Board Chairman Michael Kennedy has submitted a letter of resignation to the President, effective June 30, 2020, to pursue another opportunity. The Board will continue to have a quorum and will be able to conduct necessary Board business. On May 4, 2020, the President sent three nominations for the Board to the Senate. Board Member David A. Jones will serve as Acting Chairman until the new Board Members are confirmed by the Senate. Fri, 05 Jun 2020 00:00:00 +0000 https://www.tsp.gov/plan-news/2020-06-05-board-chairman-resigns/ https://www.tsp.gov/plan-news/2020-06-05-board-chairman-resigns/ Update on CARES Act temporary loan and withdrawal options — The CARES Act allows us to offer temporary loan and withdrawal options to TSP participants affected by COVID-19. The loan options described below will be available no later than June 22, 2020, and that the withdrawal option described here will be available in mid-July 2020. Both the loan and withdrawal options are available to you only if you can certify that you meet one or more of the following criteria: Thu, 14 May 2020 00:00:00 +0000 https://www.tsp.gov/plan-news/2020-05-14-more-lifecycle-funds/ https://www.tsp.gov/plan-news/2020-05-14-more-lifecycle-funds/ Board defers action on I Fund transition — Due to a meaningfully different economic environment related in large part to the impact of the global COVID-19 pandemic, as well as the nomination of three new Federal Retirement Thrift Investment Board Members, pending further study, the Board is delaying the implementation of the I Fund benchmark change to the MSCI ACWI ex-U.S. Investible Market index from the MSCI EAFE index. Wed, 13 May 2020 00:00:00 +0000 https://www.tsp.gov/plan-news/2020-05-13-i-fund-transition-defer/ https://www.tsp.gov/plan-news/2020-05-13-i-fund-transition-defer/ Withdrawals for Participants Affected by COVID-19 — The CARES Act creates special rules for most types of TSP withdrawals made by participants affected by COVID-19. We’re working on a new, temporary withdrawal option that waives the usual in-service withdrawal requirements and allows all COVID-affected participants to waive tax withholding. We will provide details about that soon. But many TSP participants who are affected by COVID-19 can take advantage of the withdrawal provisions of the CARES ACT using withdrawal types for which they’re already eligible. If you’re a current civilian federal employee or member of the uniformed services and eligible under the existing rules, such withdrawals include hardship withdrawals and age-based in-service “59½” withdrawals. If you’re separated from federal service or a beneficiary participant, they include single payments and some installment payments. This article explains the favorable tax treatment that you may be eligible for right now without waiting for the new withdrawal option to be available. Tue, 12 May 2020 00:00:00 +0000 https://www.tsp.gov/plan-news/2020-05-12-withdrawals-covid19/ https://www.tsp.gov/plan-news/2020-05-12-withdrawals-covid19/ CARES Act temporary loan and withdrawal options — The CARES Act allows us to offer temporary loan and withdrawal options to TSP participants affected by COVID-19. We are working as quickly as possible to add these options to our system so you can count on efficient processing of these requests. You can check this webpage for updates about these options and when they will be available to you. We will post the next update by May 15, 2020. Wed, 06 May 2020 00:00:00 +0000 https://www.tsp.gov/plan-news/2020-05-06-cares-act-loans-and-withdrawals/ https://www.tsp.gov/plan-news/2020-05-06-cares-act-loans-and-withdrawals/ Payments you make to the TSP by check may take longer to process — Because of public health precautions being taken at our processing facilities, payments made by check will most likely take longer to appear in your TSP account. These include payments to make up missed loan payments, submit additional loan payments, or to roll over payments from IRAs or other employer plans. We appreciate your patience. Thu, 30 Apr 2020 00:00:00 +0000 https://www.tsp.gov/plan-news/2020-04-30-cares-act-loans-and-withdrawals/ https://www.tsp.gov/plan-news/2020-04-30-cares-act-loans-and-withdrawals/ Rollover period extended to July 15 — If you received any withdrawal between February 1 and May 15 that is eligible for rollover, then the IRS has extended your 60-day rollover deadline to July 15th. If you received an RMD (or an installment payment that included an RMD) between February 1 and May 15, then you can roll those amounts over—to an IRA or eligible employer plan or back into your TSP account—provided that you do so by July 15th. Use Form TSP‑60. Tue, 28 Apr 2020 00:00:00 +0000 https://www.tsp.gov/plan-news/2020-04-28-rollover-period-extended/ https://www.tsp.gov/plan-news/2020-04-28-rollover-period-extended/ First quarter participant statements are online and in the mail —Your first quarter 2020 participant statement, covering the period from January 1 through March 31, 2020, is now available in My Account. To receive email updates when new participant statements are available, sign up for “Email Updates”. Wed, 15 Apr 2020 00:00:00 +0000 https://www.tsp.gov/plan-news/2020-04-15-first-quarter-participant-statements/ https://www.tsp.gov/plan-news/2020-04-15-first-quarter-participant-statements/ Temporary changes to required minimum distributions — As authorized by the recently enacted CARES Act, we’re making temporary changes related to required minimum distributions (RMDs). Mon, 13 Apr 2020 00:00:00 +0000 https://www.tsp.gov/plan-news/2020-04-13-temporary-changes-rmd/ https://www.tsp.gov/plan-news/2020-04-13-temporary-changes-rmd/ President signs CARES Act — President Trump has signed the Coronavirus Aid, Relief, and Economic Security (CARES) Act into law. This law seeks to address the economic impacts of the coronavirus (COVID-19), and it includes provisions concerning retirement plans. We will update you as specific details become available. Fri, 27 Mar 2020 00:00:00 +0000 https://www.tsp.gov/plan-news/2020-03-27-president-signs-CARES-Act/ https://www.tsp.gov/plan-news/2020-03-27-president-signs-CARES-Act/ TSP operations continue normally — As the coronavirus situation evolves worldwide, we’re working hard to make sure that TSP operations continue normally, and that we’re able to continue to serve you. Fri, 13 Mar 2020 00:00:00 +0000 https://www.tsp.gov/plan-news/2020-03-13-tsp-operations-continue-normally/ https://www.tsp.gov/plan-news/2020-03-13-tsp-operations-continue-normally/ Stick to your plan — The stock and bond markets can change rapidly. By the time you react to the situation, the market may be moving in the opposite direction, and you could miss out on significant gains. Remember that investing for retirement is for the long-term. Try not to let short-term market movements steer you off course. To learn more, visit How to invest: Stick to your plan. Tue, 25 Feb 2020 00:00:00 +0000 https://www.tsp.gov/plan-news/2020-02-25-scheduled-system-maintenance/ https://www.tsp.gov/plan-news/2020-02-25-scheduled-system-maintenance/ TSP Life Annuity COLA Changes to Flat 2% in March — The cost of living adjustment (COLA) applied to TSP life annuities with the increasing payments feature will become a flat 2% beginning with annuities purchased on or after March 2, 2020. Annual adjustments for TSP annuities purchased before then will continue to vary between 0% and 3% depending on the Consumer Price Index. Annual adjustments for all TSP annuities take place on the anniversary of the first payment. TSP life annuities are purchased from the TSP’s outside vendor, using money from your TSP account. The information provided here is not related to the “basic annuity” or “pension” that is part of retirement coverage under FERS or CSRS, or the military retired pay that members of the uniformed services receive. Mon, 24 Feb 2020 00:00:00 +0000 https://www.tsp.gov/plan-news/2020-02-24-tsp-life-annuity-cola-changes/ https://www.tsp.gov/plan-news/2020-02-24-tsp-life-annuity-cola-changes/ TSP.gov, the ThriftLine, and FRTIB.gov access. — Due to scheduled system maintenance, tsp.gov, the ThriftLine, and frtib.gov will be unavailable from 8:00 a.m. (ET) on Saturday, February 22, to 8:00 a.m. (ET) on Sunday, February 23. Thank you for your patience. Tue, 18 Feb 2020 00:00:00 +0000 https://www.tsp.gov/plan-news/2020-02-23-scheduled-system-maintenance/ https://www.tsp.gov/plan-news/2020-02-23-scheduled-system-maintenance/ Requesting a color copy of your 2019 annual statement — Due to a contractor error, you may have received a black and white version of your 2019 annual statement in the mail. If this is the case and you would like to view a color copy of your annual statement, you can either log in to My Account to view your statement online or call the ThriftLine and request to have a color copy mailed to you. Tue, 11 Feb 2020 00:00:00 +0000 https://www.tsp.gov/plan-news/2020-02-11-requesting-color-copy-of-your-2019-annual-statement/ https://www.tsp.gov/plan-news/2020-02-11-requesting-color-copy-of-your-2019-annual-statement/ Annual participant statements are online and in the mail — Your annual 2019 participant statement, covering the period from January 1 through December 31, 2019, is now available in My Account: Statements. You may notice that your 2019 annual statement looks slightly different than your previous annual statements. Fourth quarter (October – December) account information is now included on your annual statement. To receive e-mail updates when new participant statements are available, sign up at “Email Updates”. Wed, 05 Feb 2020 00:00:00 +0000 https://www.tsp.gov/plan-news/2020-02-05-annual-participant-statements/ https://www.tsp.gov/plan-news/2020-02-05-annual-participant-statements/ IRS Form 1099-R — The TSP has mailed IRS Form 1099-R, Distributions From Pensions, Annuities, Retirement or Profit-Sharing Plans, IRAs, Insurance Contracts, etc., to participants who received a withdrawal up to December 27, 2019, and/or a taxable distribution of a loan up to December 31, 2019. Withdrawals processed on December 30 and 31 are taxable income for 2020. If you have not received Form 1099-R by mid-February, you can print a copy from My Account. Corrected Forms 1099-R will be issued late February/early March. If you are expecting a corrected Form 1099-R, you may wish to wait to file your taxes until you receive the form. Wed, 29 Jan 2020 00:00:00 +0000 https://www.tsp.gov/plan-news/2020-01-29-irs-form-1099-r/ https://www.tsp.gov/plan-news/2020-01-29-irs-form-1099-r/ Fourth quarter account information — From now on, you will be able to find your 4th quarter (October – December) TSP account information on your annual statement, which will be available the first week of February. In the 3rd quarter statements and in our recent e-newsletters, we notified participants that we will no longer provide a separate statement with 4th quarter account information. Thu, 23 Jan 2020 00:00:00 +0000 https://www.tsp.gov/plan-news/2020-01-23-2020-fourth-quarter-account-information/ https://www.tsp.gov/plan-news/2020-01-23-2020-fourth-quarter-account-information/ President signs SECURE Act — President Trump has signed the Setting Every Community Up for Retirement Enhancement (SECURE) Act into law. We’re currently looking into how the SECURE Act might affect the TSP. We will update you as more details are finalized. Thu, 26 Dec 2019 00:00:00 +0000 https://www.tsp.gov/plan-news/2019-12-26-president-signs-secure-act/ https://www.tsp.gov/plan-news/2019-12-26-president-signs-secure-act/ Two-step authentication enabled for logging into My Account — All TSP participants now must have validated contact information and use two-step authentication to log into My Account. Mon, 23 Dec 2019 00:00:00 +0000 https://www.tsp.gov/plan-news/2019-12-23-two-step-authentication-enabled/ https://www.tsp.gov/plan-news/2019-12-23-two-step-authentication-enabled/ Year-end transaction processing schedule — The TSP processing schedule for the end of 2019 is shown below and includes information about when transactions (including withdrawals and installment payments) will be processed, as well as when the TSP will be closed during the holiday season. Mon, 02 Dec 2019 00:00:00 +0000 https://www.tsp.gov/plan-news/2019-12-02-2019-year-end-transaction-processing-schedule/ https://www.tsp.gov/plan-news/2019-12-02-2019-year-end-transaction-processing-schedule/ Board and ETAC Chairmen say “Let’s Keep a Fair Playing Field for TSP Investors” — In a letter published today, Federal Retirement Thrift Investment Board Chairman Michael Kennedy and Employee Thrift Advisory Council (ETAC) Chairman Clifford Dailing explain why the Board’s 2017 decision to transition to a new benchmark for the I Fund continues to be the right call. Read more on govexec.com. Mon, 25 Nov 2019 00:00:00 +0000 https://www.tsp.gov/plan-news/2019-11-25-fair-playing-field/ https://www.tsp.gov/plan-news/2019-11-25-fair-playing-field/ Investment benchmark update — At its November meeting, Members of the Federal Retirement Thrift Investment Board affirmed the 2017 decision to move to a new index for the International Fund (I Fund) for the Thrift Savings Plan. In coming to this decision, the Board noted that moving to the broader I Fund benchmark is in the best interest of participants and beneficiaries, a current best practice in the investment industry, and is widely recognized as a smart strategy in today’s market. The ten largest U.S. companies’ 401(k) plans all invest in emerging markets, as do the ten largest federal contractor plans and the six largest target date fund providers. In addition, the 20 largest defined benefit plans—all of which are for state government workers—invest in emerging markets. TSP participants can decide which TSP funds they want to invest in. Wed, 13 Nov 2019 00:00:00 +0000 https://www.tsp.gov/plan-news/2019-11-13-investment-benchmark-update/ https://www.tsp.gov/plan-news/2019-11-13-investment-benchmark-update/