Plan News was updated on April 13, 2017.
- Participant Experience Survey
- First quarter participant statements
- Senators Introduce Legislation on TSP Withdrawal Options
- G Fund and the debt limit
- IRS Form 1099-R
- Warning: Third-Party Mobile Applications
- 2017 Contribution Limits
- The TSP is on Facebook
- Tips for Protecting Your Account
- Stick to Your Plan
Participant Experience Survey — (April 13, 2017) In an effort to understand your experience and satisfaction with the TSP, we’ve partnered with Gallup to conduct a survey among our participants. If you have received a survey you will find it in your email account or at your address of record. You may also receive reminders to complete the survey electronically or in the mail. If you have any questions, please call the ThriftLine at 1-877-968-3778 and press option 3 to speak to a Participant Service Representative (PSR).
First quarter participant statements — (April 12, 2017) Your first quarter 2017 participant statement, covering the period from January 1 through March 31, 2017, is now available in My Account. To receive email updates when new participant statements are available, sign up at “Email Updates” (under Quick Links) on the home page.
Senators Introduce Legislation on TSP Withdrawal Options — (April 7, 2017) At the TSP’s request, Senators Rob Portman and Tom Carper introduced a bill, S. 873, which would eliminate current statutory restrictions on participants’ withdrawal options. The bill would eliminate the restriction that participants cannot take partial post-separation withdrawals if they’ve already taken an age-based in-service withdrawal. It would also permit multiple post-separation withdrawals. Additionally, the bill would allow multiple age-based withdrawals while a participant is still working. Participants would also be able to stop monthly payments and elect to purchase an annuity while receiving monthly payments.
G Fund and the debt limit — (March 16, 2017) As of today, March 16, 2017, the U.S. Treasury was unable to fully invest the Government Securities Investment (G) Fund due to the statutory ceiling on the federal debt. However, G Fund investors remain fully protected and G Fund earnings are fully guaranteed by the federal government. This statutory guarantee has effectively protected G Fund investors many times over the past 25 years. G Fund account balances will continue to accrue earnings and will be updated each business day, and loans and withdrawals will be unaffected.
IRS Form 1099-R — (January 25, 2017) The TSP has mailed IRS Form 1099-R, Distribution from Pensions, Annuities, Retirement or Profit-Sharing Plans, IRAs, Insurance Contracts, etc., to participants who received a withdrawal up to December 27, 2016, and/or a taxable distribution of a loan up to December 30, 2016. (Withdrawals disbursed on December 28, 29, and 30 are taxable income for 2017.) If you have not received Form 1099-R by mid-February, you can print out 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.
Warning: Third-Party Mobile Applications — (November 1, 2016) There are a number of mobile applications that reference the Thrift Savings Plan and may prompt you for your TSP account credentials. These applications are NOT sponsored by the TSP. Providing your TSP account credentials to third-party applications may jeopardize the security of your account. The TSP cannot endorse any information or advice provided by third-party applications.
2017 Contribution Limits — (November 1, 2016) The Internal Revenue Code places specific limits on the amount that you can contribute to employer-sponsored plans like the TSP each year. Limits for 2017 are unchanged from 2016. To learn more, visit “Contribution Limits.”
The TSP is on Facebook — (September 5, 2016) You can find us at fb.com/tsp4gov. Like our page to stay engaged, keep up to date, and learn how to make the most of your TSP account. Don’t forget to share our posts with your federal friends and coworkers.
Tips for Protecting Your Account — (July 19, 2016) As a TSP participant, you should know how to protect your account against various types of fraud. For detailed tips about how you can help safeguard your savings, visit Plan Participation: Protect Your TSP Account.
Stick to Your Plan — (June 24, 2016) Significant movements can occur rapidly in the stock and bond markets. 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. It's a good idea to periodically ask yourself whether your retirement portfolio properly reflects your willingness and ability to take risk. But if you are certain about the amount of risk you can tolerate, try not to let short-term market movements steer you off course. To learn more, visit Investment Strategy: Stick to Your Plan.