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March 22, 2010
April is Financial Literacy Month, a time to encourage proactive, long-term planning for retirement. A special poster has been made available to all agencies and services in support of this campaign for distribution and posting.
February 24, 2010
TSP Bulletin 10-3, Implementation of Automatic Enrollment in the Thrift Savings Plan, has been issued. This bulletin provides the instructions agencies will need to implement the automatic enrollment feature of the Thrift Savings Plan Enhancement Act of 2009, Public Law 111.31.
February 12, 2010
The 2010 America Saves Week begins on February 21 and continues through February 28. The focus is to encourage individuals and families to reduce debt and increase savings. Executive Director Gregory Longs’s letter addresses the program and the TSP’s role in supporting it. See Bulletin 10-2. A special poster is currently available to all federal agencies for distribution and posting.
February 12, 2010
Annual TSP participant statements: Over 4.3 million statements have been mailed. The statements provide participants with a summary of the 2009 activity in their TSP accounts, as well as a number of other features, such as their personal rates of return, the amount of their lifetime contributions, the amount that they contributed toward various contribution limits, and their beneficiaries of record. The leaflet How to Read Your Annual Participant Statement helps explain the information on the statement. The mailing also includes a letter from the Executive Director reviewing last year’s TSP activities and discussing upcoming events, as well as a copy of the January/February 2010 Highlights. Those individuals who opted out of receiving mailed annual statements will still receive a mailing that includes all of the enclosures.
December 17, 2009
The Thrift Savings Plan (TSP) has developed a new leaflet, “What's Stopping You?” The TSP will be mailing the leaflets directly to approximately 365,000 non-contributing FERS employees. The leaflet is included in TSP Bulletin 09-13. You may also download of a copy of the leaflet ONLY.
December 3, 2009
TSP Spouse Beneficiary Accounts. The Thrift Savings Plan (TSP) has implemented interim procedures for spouse beneficiary accounts established under the Thrift Savings Plan Enhancement Act of 2009. The transition will not be fully complete until 2010, however during the interim period, a deceased participant's spouse has several options as the beneficiary of the TSP account.

Once Form TSP-17, Information Relating to Deceased Participant, is received and processed, the TSP will send an interim notice to spouse beneficiaries to inform them that they may leave the designated amount they are entitled to in the TSP. It will remain invested in the G Fund until a TSP account has been established in the spouse's name. Rather than the account being paid 60 days after the notice is sent, the spouse will have the option of requesting immediate payment by filling out an enclosed form. The form will have to be notarized. The payment can also be transferred to an IRA or other eligible employer plan by filling out a TSP-13-S-D which will also be enclosed with the notice. If the spouse is a TSP participant, they may request that the TSP transfer the spousal account balance to their TSP account. Detailed information regarding the transfer option and taxation rules can be found in the tax notice, "Important Tax Information About TSP Death Benefit Payments" on the TSP website.
November 10, 2009
The 2009 Fall poster is now available as a single download, or download TSP Bulletin 09-12 which contains the poster as an attachment.
November 6, 2009
The elective deferral limit for 2010 remains unchanged at $16,500. The catch-up contribution limit also remains at $5,500 for 2010. The TSP Contribution Limits for 2010 bulletin is available for download.
September 15, 2009
Bulletin 09-9, Participation in the Thrift Savings Plan, has been revised and is available for viewing or download.
In addition, the updated booklet, Summary of the Thrift Savings Plan, dated July 2009, is now available for download. TSP Bulletin 09-10, Updated Web Version of the Summary of the Thrift Savings Plan, provides information on the revised booklet and procedures when requesting the current printed version of the Plan Summary (dated October 2008) with the addendum. For agencies that have copies of the current Plan Summary who would like to download the addendum only, click here. To download a copy of the July 2009 Plan Summary with all of the changes incorporated, click here.
June 22, 2009
President Obama signed H.R. 1256, the Family Smoking Prevention and Tobacco Control Act, into law. Participants covered by the Federal Employees' Retirement System and equivalent Federal retirement plans are now immediately eligible to receive agency contributions. For more information, please review Bulletin 09-8 - H.R. 1256 - Implementation of Immediate Agency Contributions for Participants Covered by the Federal Employees' Retirement System and Equivalent Federal Retirement Plans.
June 18, 2009
Bulletin 09-8 - H.R. 1256 - Implementation of Immediate Agency Contributions for Participants Covered by the Federal Employees' Retirement System and Equivalent Federal Retirement Plans is now available.
May 26, 2009
The OPM Spring Conference was held during the week of May 11 — 15, 2009. The Federal Retirement Thrift Investment Board attended this conference and conducted a presentation highlighting the current legislative initiatives, status of the TSP Web site redesign and the L Funds DVD update projects. A copy of the presentation (with additional slides providing a recap of last year's benefits activities) is available for representatives not able to attend this conference.
March 27, 2009
April is Financial Literacy Month, a time to focus on smart money management. Executive Director Gregory Long's letter talks about financial literacy and how the TSP meets the needs of participants planning for retirement. The April 2009 Highlights summarizes the features of the TSP that make it a compelling choice for retirement savings. A special poster has been made available to all federal agencies.

The 2008 TSP Participant Survey results are in. The survey, conducted by the TSP, in conjunction with Watson Wyatt Worldwide, was sent to a random sample of Federal employees and uniformed service members who have participated in the Plan. The results informed us about their opinions, needs, understanding and satisfaction with the Thrift Savings Plan. It also gauged reaction to potential TSP enhancements that are under consideration.
March 11, 2009
The Federal Retirement Thrift Investment Board (FRTIB) has become aware of an e-mail and Internet hoax purporting illegal activity on the part of an individual said to manage the Thrift Savings Plan (TSP) I Fund. The TSP is actively investigating the origins of the bogus web site.
March 4, 2009
We have developed and posted on the TSP Web site 6/2008 versions of Forms TSP-9, Change in Address for Separated Participant, and TSP-15, Change in Name for Separated Participant. Both forms are designed to be read by an optical scanner. We are also reinstating the documentation requirements for Form TSP-15. These forms are intended for use only by separated participants. Please discard all obsolete versions. (Please see Bulletins 09-5 and 09-6.)
February 27, 2009
Lifecycle Funds Survey — The TSP is conducting a Web-based survey as part of our effort to produce a new Lifecycle Funds Educational DVD that will be made available to agencies for distribution. The few minutes that agency employees take to respond to our brief survey will help us to better understand their preferences and their approach to retirement investing. The survey has 25 questions and should take approximately 5 minutes to complete. It will be available for a limited time; therefore, we would like your assistance in getting the word out to agency employees. We would like you to participate as well.
February 18, 2009
America Saves Week begins on February 22 and continues through March 1. It focuses on encouraging individuals and families to reduce debt and increase savings. Executive Director Gregory Long's letter discusses the program and the TSP’s role in supporting it. See Bulletin 09-4. A special poster is being made available to all federal agencies.
February 12, 2009
Annual TSP participant statements: We have begun mailing the 2008 annual participant statements. Over 4.2 million statements will be mailed, and we expect that mailing will continue through the end of February. The statements provide participants with a summary of the 2008 activity in their TSP accounts, as well as a number of other features, such as their personal rates of return, the amount of their lifetime contributions, the amount that they contributed toward various contribution limits, and their beneficiaries of record. A copy of the leaflet How to Read Your Annual Participant Statement is enclosed with the mailing to help participants understand the statements. Also, a set of Questions and Answers, which supplement the leaflet, are on the TSP Web site. The mailing also includes a letter from the Executive Director reviewing last year's TSP activities and discussing upcoming events, a copy of the January/February 2009 Highlights, and a leaflet summarizing the results of the 2008 TSP survey. This year, participants were given the opportunity to opt out of the mailed annual statement. Those individuals who opted out will still receive a mailing that includes all four enclosures.
December 15, 2008
The updated booklet Summary of the Thrift Savings Plan is now available for download. Authorized agency representatives may order copies of the updated booklet by following the Board’s procedures for ordering TSP materials as outlined in "Ordering Thrift Savings Plan Forms and Publications through the Pro-MailŪ System."
December 4, 2008
The elective deferral limit increased from $15,500 in 2008 to $16,500 in 2009. The catch-up contribution limit increased from $5,000 in 2008 to $5,500 in 2009. The 2009 Contribution Limits bulletin is available for download.
October 7, 2008
Federal employees who want to receive their annual TSP participant statements only on the web can now opt out of receiving mailed annual statements. They can do this in the Account Access section of the TSP Web site, on the ThriftLine, or through a participant service representative. However, participants who opt out of mailed annual statements will still receive the annual TSP mailing with the letter from the Executive Director of the Federal Retirement Thrift Investment Board and a copy of the latest Thrift Savings Plan Highlights in the mail.
October 2, 2008
GovDelivery is now available for the "Info for TSP Representatives" section of the TSP Web site. GovDelivery is a free subscription service that allows TSP representatives to receive an e-mail notification when new information for TSP representatives is available.
July 1, 2008
The Federal Retirement Thrift Investment Board has changed the way it is displaying the share prices of the TSP funds from two decimal places to four decimal places. This change will allow for greater precision in calculating account balances and in tracking the TSP funds to the indexes with which they are associated. More information is available in the Questions and Answers on this topic.
June 30, 2008
We have just made it easier for participants to access their accounts on the TSP Web site. Participants can now create Custom User IDs to use in place of their 13-digit TSP account numbers to access their accounts on the Web site. To do this, they will log into Account Access using their TSP account numbers and Web passwords, and then choose "Create/Modify Custom ID" from the Account Access menu. The custom ID is interchangeable with the TSP account number on the Web site — participants can use their custom IDs OR their 13-digit TSP account numbers, along with Web passwords, any time they log into their accounts.

Note: Custom IDs cannot be used on the ThriftLine. The TSP account number (and 4-digit PIN) remain the only way to access a TSP account on the ThriftLine.
June 20, 2008
The Federal Retirement Thrift Investment Board is changing the way it will display share prices of the TSP funds from two decimal places to four decimal places. This change will occur on July 1.
May 27, 2008
Web Redesign Survey: The Federal Retirement Thrift Investment Board is redesigning the TSP Web site. We recently posted aweb-based survey to askindividuals why they use the web site, whether it is easy or hard to use, and what they would like to see changed or kept as is.We have concluded the survey and removed it from the TSP Web site. Thank you for your assistance in getting the word out to your agency employees to participate in the survey.
May 1, 2008
Interfund Transfer Program Change — Limits on IFT Requests effective May 1, 2008. Read Bulletin 08-4 for more information.
April 24, 2008
The Agency has published a final regulation that takes effect Thursday, May 1, 2008. It will limit the number of unrestricted interfund transfer requests to two per month.After a participant has made two interfund transfers in a calendar month, the participant may make additional interfund transfers only into the G Fund until the next calendar month. For more information aboutthis change, see the Questions and Answers on this topic. A TSP Bulletin will be issued shortly.
April 10, 2008
The opportunity for comment on the proposed regulation ended on April 9, 2008. We are currently evaluating the comments we received. Once we reach a final decision on the approach to be taken, we will announce it to all participants via the Web site and ThriftLine.
March 12, 2008
On Wednesday, March 12, 2008, the OPM sponsored a FERCCA meeting for Payroll Representatives in New Orleans, LA. The Federal Retirement Thrift Investment Board attended this meeting and reviewed TSP corrections under the provisions of FERCCA. A copy of the updated TSP FERCCA corrections slides with attachments is available for Payroll representatives not able to attend this meeting and HR representatives processing FERCCA corrections.
March 10, 2008
The Federal Retirement Thrift Investment Board has issued a proposed regulation that would limit the number of interfund transfer requests to two per month. Under the proposed regulation, after a participant has made two interfund transfers in a calendar month, the participant may make additional interfund transfers only into the G Fund until the first day of the next calendar month.

As a point of clarification, the January 7th interim regulation provided for an immediate, short-term procedure to curb frequent trading (see link below). This proposed regulation provides for a broader, system-wide solution.

For more information about frequent trading, see the Questions and Answers on the TSP Web site Home page.

Annual Participant Statements. The mailing of the new annual participant statements will begin shortly; we expect that it will continue through the end of February since we are sending 4.1 million statements. As announced in the October 2007 and January/February 2008 Highlights, the statements will provide participants with a summary of the 2007 activity in their TSP accounts as well as a number of new features including their personal rates of return, the amount of their life time contributions, and their beneficiaries of record. A copy of the leaflet, How To Read Your Annual Participant Statement, will be enclosed with the mailing to assist participants in understanding the new statements. Also, a set of Questions and Answers will be posted on the TSP home page next week which will supplement the leaflet.

Because this is a new service, we anticipate a lot of interest in the statements — particularly from participants who may not have been keeping up with their online quarterly statements. We also expect that you will get questions from participants who want to update their beneficiary information. Please remind your participants that the Designation of Beneficiary forms must be sent to the TSP; they should not be given to the agency personnel or finance offices. The latest versions of the Designation of Beneficiary forms (civilian and uniformed services) are available in Forms and Publications.

The mailing will also include a letter from the Executive Director reviewing last year's TSP activities and discussing upcoming events as well as a copy of the January/February 2008 Highlights.

Roth IRA Transfers. The new option permitting eligible participants to transfer their TSP accounts to a Roth IRA, as well as to a traditional IRA or other eligible employer plan (like a 401(k) plan) is coming soon (probably the week of the 11th). We are posting a set of Questions and Answers on the TSP home page describing the new Roth IRA transfer, its eligibility requirements, and other information about the option. The versions of the forms, tax notices, etc., incorporating the Roth IRA transfer option will be updated in Forms and Publications and we will begin shipping them as we fill agency and service requests for materials. Remember, this option is for transfers out of the TSP. Participants cannot transfer Roth IRA funds into the TSP.

January 7, 2008
The Federal Retirement Thrift Investment Board has issued interim regulations that allow the Executive Directorto adopt a policy of setting limits on the number of interfund transfers requests.In the near term, this interim regulationallows the Executive Director to immediately address and, if necessary, restrict the activity of frequent traders, who have disrupted management of the TSP Funds and whose activity has resulted in increased costs to all participants. This interim rule is effective January 7, 2008. For more information about frequent trading, see the Questions and Answers on the TSP Web site Home page.

A new chart, "Elective Deferral and Catch-Up Contribution Limits for 1987–Present," is now available under Historical Information.

The elective deferral limit for 2008 remains $15,500. The limit for 2007 was $15,500. See TSP Bulletin 07-4.

Catch-Up Contributions — The limit on catch-up contributions for 2008 is $5,000. Eligible employees must make new elections for catch-up contributions each calendar year. See TSP Bulletin 07-4.

September 21, 2007
The Federal Retirement Thrift Investment Board (FRTIB) has issued final regulations to reflect enhanced security measures, including its use of account numbers in place of Social Security numbers as the primary way of identifying participants' TSP accounts. You can find these regulations on the FRTIB Web site at www.FRTIB.gov.

The Federal Retirement Thrift Investment Board has issued final regulations (1) to clarify that the procedures applicable to an employee who was misclassified as either CSRS or FERS also apply to an employee who elects retroactive non-appropriated fund (NAF) retirement coverage; (2) to allow a non-spouse beneficiary to transfer a death benefit payment to an inherited IRA as authorized by the Pension Protection Act of 2006; (3) to clarify that a bankruptcy court now lacks jurisdiction over a TSP loan; and (4) to address other administrative matters.

As a result of the account number announcement mailing, we are receiving calls from participants who would like to update their addresses. Please remind your service members that active participants must change their addresses through their service. We are referring these participants back to their service and reminding them that some of the services have self-service benefits systems (i.e., myPay) which will allow them to change their addresses quickly and easily.

The revised booklet, Withdrawing Your TSP Account After Leaving Federal Service, is available on this Web site. This booklet contains information about all of the TSP withdrawal options, including things to consider before making a withdrawal decision. Also included is an extensive section on the TSP annuity options.

Historical charts containing information regarding Elective Deferral and Catch-Up Contribution Limits, TSP Contribution Percentage Limits, Eligibility Dates for Agency Automatic and Matching Contributions, and TSP Open Seasons.

For added security, the TSP now requires that participants enter a longer and more complex Web password when they log into Account Access. If they already had a TSP account when the new Web passwords went into effect, they will be prompted to either create their own password or request a computer-generated password. New TSP participants will receive their Web passwords in the mail after the TSP receives their first contribution. Passwords will not work with the ThriftLine. To access their account by telephone via the ThriftLine, participants will continue to use their TSP Personal Identification Number (PIN).

We are updating all of the publications with the new Web password information. These are being posted on this Web site and you will receive the new versions when you order the publications.

The leaflet "You're here for us today...We'll be there for you tomorrow" explains the advantages of contributing to the TSP to members of the uniformed services who are serving our country. To review the leaflet, please click here.

The Agency is announcing the transition of its agency technical services and death benefits and legal processing activities from the National Finance Center in New Orleans, LA, to SI International, Inc. in Fair Oaks, VA. Please see TSP Bulletins 06-2 (Civilian) and 06-U-3 (Uniformed Services) for more information. In addition, we have updated this Web site's contact information and the contact information in the affected booklets and forms (e.g., the Court Order Booklet; Forms TSP-17 and TSP-U-17, Information Relating to Deceased Participant. The updated materials will also be available through the normal TSP distribution channels.

L Funds Agency and Service Training Materials — The TSP has developed a DVD for agencies and services containing training materials that they can use in introducing the Lifecycle (L) Funds to their employees and service members. Representatives wishing to order a training package should click here for the order form. Complete the form and fax it to the Education and Training staff at (202) 942-1451.
March 31, 2006
TSP Loan Default Program — The TSP implemented the final phase of the loan default program required by the Internal Revenue Service. The TSP has mailed notices to those participants whose loans are missing two-and-a-half or more payments, notifying them that the loans have beenreamortized. Although their loan payments have not been changed, the terms of the loan have been extended and, in somecases, a balloon payment atthe end ofthe term may be requiredunless additional payments are made.
January 17, 2006
Annuity Program — The Federal Retirement Thrift Investment Board selected Metropolitan Life Insurance Company (MetLife) to continue to provide annuities to participants of the Thrift Savings Plan (TSP). Read the memorandum to TSP coordinators regarding the changes to the annuity program.

Employee Contributions — Beginning in 2006, there were no longer any percentage limits on employee contributions to the TSP. Employee contributions are limited only by the annual elective deferral limit. See TSP Bulletin 05-17.

View: Recent Announcements  |  Announcements Archive


March 22, 2010
April is Financial Literacy Month, a time to encourage proactive, long-term planning for retirement. A special poster has been made available to all agencies and services in support of this campaign for distribution and posting.
February 12, 2010
The 2010 Military Saves Week begins on February 21 and continues through February 28. The focus is to encourage individuals and families to reduce debt and increase savings. Executive Director Gregory Longs’s letter addresses the program and the TSP’s role in supporting it. See Bulletin 10-U-2. A special poster is currently available to all federal agencies for distribution and posting.
February 12, 2010
Annual TSP participant statements: Over 4.3 million statements have been mailed. The statements provide participants with a summary of the 2009 activity in their TSP accounts, as well as a number of other features, such as their personal rates of return, the amount of their lifetime contributions, the amount that they contributed toward various contribution limits, and their beneficiaries of record. The leaflet How to Read Your Annual Participant Statement helps explain the information on the statement. The mailing also includes a letter from the Executive Director reviewing last year’s TSP activities and discussing upcoming events, as well as a copy of the January/February 2010 Highlights. Those individuals who opted out of receiving mailed annual statements will still receive a mailing that includes all of the enclosures.
December 3, 2009
TSP Spouse Beneficiary Accounts. The Thrift Savings Plan (TSP) has implemented interim procedures for spouse beneficiary accounts established under the Thrift Savings Plan Enhancement Act of 2009. The transition will not be fully complete until 2010, however during the interim period, a deceased participant's spouse has several options as the beneficiary of the TSP account.

Once Form TSP-U-17, Information Relating to Deceased Participant, is received and processed, the TSP will send an interim notice to spouse beneficiaries to inform them that they may leave the designated amount they are entitled to in the TSP. It will remain invested in the G Fund until a TSP account has been established in the spouse's name. Rather than the account being paid 60 days after the notice is sent, the spouse will have the option of requesting immediate payment by filling out an enclosed form. The form will have to be notarized. The payment can also be transferred to an IRA or other eligible employer plan by filling out a TSP-13-S-D which will also be enclosed with the notice. If the spouse is a TSP participant, they may request that the TSP transfer the spousal account balance to their TSP account. Detailed information regarding the transfer option and taxation rules can be found in the tax notice, "Important Tax Information About TSP Death Benefit Payments" on the TSP website.
November 10, 2009
The 2009 Fall poster is now available as a single download, or download TSP Bulletin 09-U-12 which contains the poster as an attachment.
November 6, 2009
The elective deferral limit for 2010 remains unchanged at $16,500. The catch-up contribution limit remains at $5,500 for 2010. The 415(c) limit for 2010 is also the same as the 2009 limit; $49,000. The TSP Contribution Limits for 2010 bulletin is available for download.
May 26, 2009
The OPM Spring Conference was held during the week of May 11 — 15, 2009. The Federal Retirement Thrift Investment Board attended this conference and conducted a presentation highlighting the current legislative initiatives, status of the TSP Web site redesign and the L Funds DVD update projects. A copy of the presentation (with additional slides providing a recap of last year's benefits activities) is available for representatives not able to attend this conference. For a copy of the presentation, click here.
March 27, 2009
April is Financial Literacy Month, a time to focus on smart money management. Executive Director Gregory Long's letter talks about financial literacy and how the TSP meets the needs of participants planning for retirement. The April 2009 Highlights summarizes the features of the TSP that make it a compelling choice for retirement savings. A special poster has been made available to all federal agencies.
March 27, 2009
The 2008 TSP Participant Survey results are in. The survey, conducted by the TSP, in conjunction with Watson Wyatt Worldwide, was sent to a random sample of Federal employees and uniformed service members who have participated in the Plan. The results informed us about their opinions, needs, understanding and satisfaction with the Thrift Savings Plan. It also gauged reaction to potential TSP enhancements that are under consideration.
March 11, 2009
The Federal Retirement Thrift Investment Board (FRTIB) has become aware of an e-mail and Internet hoax purporting illegal activity on the part of an individual said to manage the Thrift Savings Plan (TSP) I Fund. The TSP is actively investigating the origins of the bogus web site.
March 4, 2009
We are replacing Forms TSP-U-9, Change in Address for Separated Participant, and TSP-U-15, Change in Name for Separated Participant, with the 6/2008 versions of Forms TSP-9 and TSP-15. We are also reinstating the documentation requirement for Form TSP-15. The new Forms TSP-9 and TSP-15 are intended for use by both members of the uniformed services and civilians. The primary change is that both forms are designed to be read by an optical scanner. Therefore, Forms TSP-U-9 and TSP-U-15 are now obsolete and should be discarded. These forms are intended for use only by separated participants. We have posted the new forms on the TSP Web site and are directing participants who click on links to them to messages explaining the change. (Please see Bulletins 09-U-5 and 09-U-6.)
February 27, 2009
Lifecycle Funds Survey — The TSP is conducting a Web-based survey as part of our effort to produce a new Lifecycle Funds Educational DVD that will be made available to service representatives for distribution. The few minutes that service members take to respond to our brief survey will help us to better understand their preferences and their approach to retirement investing. The survey has 25 questions and should take approximately 5 minutes to complete. It will be available for a limited time; therefore, we would like your assistance in getting the word out to your service members. We would like you to participate as well.
February 18, 2009
Military Saves Week begins on February 22 and continues through March 1. It focuses on encouraging individuals and families to reduce debt and increase savings. Executive Director Gregory Long's letter discusses the program and the TSP's role in supporting it. See Bulletin 09-U-4. A special poster is being made available to all services.
February 12, 2009
Annual TSP participant statements: We have begun mailing the 2008 annual participant statements. Over 4.2 million statements will be mailed, and we expect that mailing will continue through the end of February. The statements provide participants with a summary of the 2008 activity in their TSP accounts, as well as a number of other features, such as their personal rates of return, the amount of their lifetime contributions, the amount that they contributed toward various contribution limits, and their beneficiaries of record. A copy of the leaflet How to Read Your Annual Participant Statement is enclosed with the mailing to help participants understand the statements. Also, a set of Questions and Answers, which supplement the leaflet, are on the TSP Web site. The mailing also includes a letter from the Executive Director reviewing last year's TSP activities and discussing upcoming events, a copy of the January/February 2009 Highlights, and a leaflet summarizing the results of the 2008 TSP survey. This year, participants were given the opportunity to opt out of the mailed annual statement. Those individuals who opted out will still receive a mailing that includes all four enclosures.
December 15, 2008
The updated booklet Summary of the Thrift Savings Plan is now available for download. Authorized agency representatives may order copies of the updated booklet by following the Board's procedures for ordering TSP materials as outlined in "Ordering Thrift Savings Plan Forms and Publications through the Pro-MailŪ System."
December 4, 2008
The elective deferral limit increased from $15,500 in 2008 to $16,500 in 2009. The catch-up contribution limit increased from $5,000 in 2008 to $5,500 in 2009. The 415(c) limit increased from $46,000 in 2008 to $49,000 in 2009.
October 7, 2008
Members of the uniformed services who want to receive their annual TSP participant statements only on the web can now opt out of receiving mailed annual statements. They can do this in the Account Access section of the TSP Web site, on the ThriftLine, or through a participant service representative. However, participants who opt out of mailed annual statements will still receive the annual TSP mailing with the letter from the Executive Director of the Federal Retirement Thrift Investment Board and a copy of the latest Thrift Savings Plan Highlightsin the mail.
October 2, 2008
GovDelivery is now available for the "Info for TSP Representatives" section of the TSP Web site. GovDelivery is a free subscription service that allows TSP representatives to receive an e-mail notification when new information for TSP representatives is available.
July 1, 2008
The Federal Retirement Thrift Investment Board has changed the way it is displaying the share prices of the TSP funds from two decimal places to four decimal places. This change will allow for greater precision in calculating account balances and in tracking the TSP funds to the indexes with which they are associated. More information is available in the Questions and Answers on this topic.
June 30, 2008
We have just made it easier for participants to access their accounts on the TSP Web site. Participants can now create Custom User IDs to use in place of their 13-digit TSP account numbers to access their accounts on the Web site. To do this, they will log into Account Access using their TSP account numbers and Web passwords, and then choose "Create/Modify Custom ID" from the Account Access menu. The custom ID is interchangeable with the TSP account number on the Web site — participants can use their custom IDs OR their 13-digit TSP account numbers, along with Web passwords, any time they log into their accounts.

Note: Custom IDs cannot be used on the ThriftLine. The TSP account number (and 4-digit PIN) remain the only way to access a TSP account on the ThriftLine.
June 20, 2008
The Federal Retirement Thrift Investment Board is changing the way it will display share prices of the TSP funds from two decimal places to four decimal places. This change will occur on July 1.
May 27, 2008
Web Redesign Survey: The Federal Retirement Thrift Investment Board is redesigning the TSP Web site. Werecentlyposted a web-based survey to askindividuals why they use the Web site, whether it is easy or hard to use, and what they would like to see changed or kept as is. We have concluded the survey and removed it from the TSP Web site. Thank you for your assistance in getting the word out to your service members to participate in this survey.
May 1, 2008
Interfund Transfer Program Change — Limits on IFT Requests effective May 1, 2008. Read Bulletin 08-4 for more information.
April 24, 2008
The Agency has published a final regulation that takes effect Thursday, May 1, 2008. It will limit the number of unrestricted interfund transfer requests to two per month.After a participant has made two interfund transfers in a calendar month, the participant may make additional interfund transfers only into the G Fund until the next calendar month. For more information about this change, see the Questions and Answers on this topic. A TSP Bulletin will be issued shortly.
April 10, 2008
The opportunityfor comment on the proposed regulation ended on April 9, 2008. We are currently evaluating the comments we received. Once we reach a final decision on the approach to be taken, we will announce it to all participants via the Web site and Thriftline.
March 10, 2008
The Federal Retirement Thrift Investment Board has issued a proposed regulation that would limit the number of interfund transfer requests to two per month. Under the proposed regulation, after a participant has made two interfund transfers in a calendar month, the participant may make additional interfund transfers only into the G Fund until the first day of the next calendar month.

As a point of clarification, the January 7th interim regulation provided for an immediate, short-term procedure to curb frequent trading (see link below). This proposed regulation provides for a broader, system-wide solution.

For more information about frequent trading, see the Questions and Answers on the TSP Web site Home page.

Annual Participant Statements. The mailing of the new annual participant statements will begin shortly; we expect that it will continue through the end of February since we are sending 4.1 million statements. As announced in the October 2007 and January/February 2008 Highlights, the statements will provide participants with a summary of the 2007 activity in their TSP accounts as well as a number of new features including their personal rates of return, the amount of their life time contributions, and their beneficiaries of record. A copy of the leaflet, How To Read Your Annual Participant Statement, will be enclosed with the mailing to assist participants in understanding the new statements. Also, a set of Questions and Answers will be posted on the TSP home page next week which will supplement the leaflet.

Because this is a new service, we anticipate a lot of interest in the statements — particularly from participants who may not have been keeping up with their online quarterly statements. We also expect that you will get questions from participants who want to update their beneficiary information. Please remind your participants that the Designation of Beneficiary forms must be sent to the TSP; they should not be given to the agency personnel or finance offices. The latest versions of the Designation of Beneficiary forms (civilian and uniformed services) are available in Forms and Publications.

The mailing will also include a letter from the Executive Director reviewing last year's TSP activities and discussing upcoming events as well as a copy of the January/February 2008 Highlights.

Roth IRA Transfers. The new option permitting eligible participants to transfer their TSP accounts to a Roth IRA, as well as to a traditional IRA or other eligible employer plan (like a 401(k) plan) is coming soon (probably the week of the 11th). We are posting a set of Questions and Answers on the TSP home page describing the new Roth IRA transfer, its eligibility requirements, and other information about the option. The versions of the forms, tax notices, etc., incorporating the Roth IRA transfer option will be updated in Forms and Publications and we will begin shipping them as we fill agency and service requests for materials. Remember, this option is for transfers out of the TSP. Participants cannot transfer Roth IRA funds into the TSP.
January 7, 2008
The Federal Retirement Thrift Investment Board has issued interim regulations that allow the Executive Directorto adopt a policy setting limits on the number of interfund transfers requests. In the near term, thisinterim regulationallows the Executive Director to immediately address and, if necessary, restrict the activity of frequent traders, who have disrupted management of the TSP Funds and whose activity has resulted in increased costs to all participants. This interim rule is effective January 7, 2008. For more information about frequent trading, see the Questions and Answersvon the TSP Web site Home page.

I.R.C. Section 402(g) Limit — The elective deferral limit for 2008 remains $15,500. This limit applies to tax-deferred employee contributions. If employee contributions are also made to a civilian TSP account, the total of the tax-deferred employee contributions cannot exceed this limit.

Catch-Up Contributions — The limit on catch-up contributions for 2008 is $5,000. Eligible employees must make new elections for catch-up contributions each calendar year.

I.R.C. Section 415(c) Limit — The limit for 2008 is $46,000. This limit applies to all TSP contributions, including tax-exempt contributions. If contributions are also made to a civilian TSP account, the total of all contributions cannot exceed this limit.
September 21, 2007
The Federal Retirement Thrift Investment Board (FRTIB) has issued final regulations to reflect enhanced security measures, including its use of account numbers in place of Social Security numbers as the primary way of identifying participants' TSP accounts. You can find these regulations on the FRTIB Web site at www.FRTIB.gov.

The Federal Retirement Thrift Investment Board has issued final regulations (1) to clarify that the procedures applicable to an employee who was misclassified as either CSRS or FERS also apply to an employee who elects retroactive non-appropriated fund (NAF) retirement coverage; (2) to allow a non-spouse beneficiary to transfer a death benefit payment to an inherited IRA as authorized by the Pension Protection Act of 2006; (3) to clarify that a bankruptcy court now lacks jurisdiction over a TSP loan; and (4) to address other administrative matters.

As a result of the account number announcement mailing, we are receiving calls from participants who would like to update their addresses. Please remind your service members that active participants must change their addresses through their service. We are referring these participants back to their service and reminding them that some of the services have self-service benefits systems (i.e., myPay) which will allow them to change their addresses quickly and easily.

For added security, the TSP now requires that members of the uniformed services enter a longer and more complex when they log into Account Access. If they already had a TSP account when the new Web passwords went into effect, they will be prompted to either create their own password or request a computer-generated password. New TSP participants will receive their Web passwords in the mail after the TSP receives their first contribution. Passwords will not work with the ThriftLine. To access their account by telephone via the ThriftLine, members of the uniformed services will continue to use their TSP Personal Identification Number (PIN).

We are updating all of the publications with the new Web password information. These are being posted on this Web site and you will receive the new versions when you order the publications.

A new chart, "Uniformed Services Elective Deferral, Section 415(c) and Catch-Up Contribution Limits for 2002-2007," is now available under Historical Information. To review the chart, click here.

The leaflet "You're here for us today...We'll be there for you tomorrow" explains the advantages of contributing to the TSP to members of the uniformed services who are serving our country. To review the leaflet, please click here.

The Agency is announcing the transition of its agency technical services and death benefits and legal processing activities from the National Finance Center in New Orleans, LA, to SI International, Inc. in Fair Oaks, VA. Please see TSP Bulletins 06-2 (Civilian) and 06-U-3 (Uniformed Services) for more information. In addition, we have updated this Web site and the contact information in the affected booklets and forms (e.g., the Court Order Booklet; Forms TSP-17 and TSP-U-17, Information Relating to Deceased Participant. The updated materials will also be available through the normal TSP distribution channels.

L Funds Agency and Service Training Materials — The TSP has developed a DVD for agencies and services containing training materials that they can use in introducing the Lifecycle (L) Funds to their employees and service members. Representatives wishing to order a training package should click here for the order form. Complete the form and fax it to the Education and Training staff at (202) 942-1451.
March 31, 2006
TSP Loan Default Program — The TSP implemented the final phase of the loan default program required by the Internal Revenue Service. The TSP has mailed notices to those participants whose loans are missing two-and-a-half or more payments, notifying them that the loans have been reamoritized. Although their loan payments have not been changed, the terms of the loan have been extended and, in somecases, a balloon payment atthe end ofthe term may be requiredunless additional payments are made. Read the memorandum to agency and service representatives regarding this project.
January 17, 2006
Annuity Program — The Federal Retirement Thrift Investment Board selected Metropolitan Life Insurance Company (MetLife) to continue to provide annuities to participants of the Thrift Savings Plan (TSP). Read the memorandum to TSP coordinators regarding the changes to the annuity program.

Employee Contributions — Beginning in 2006, there were no longer any percentage limits on employee contributions to the TSP. TSP contributions are limited only by the restrictions imposed by the Internal Revenue Code. See TSP Bulletin 05-U-8.