Plan News was updated on April 30, 2018.

First quarter participant statements are online and in the mail — (April 11, 2018) Your first quarter 2018 participant statement, covering the period from January 1 through March 31, 2018, is now available in My Account. To receive e-mail updates when new participant statements are available, sign up at “Email Updates” (under Quick Links) on the home page.

ThriftLine Delays — (February 20, 2018) Due to high call volume, you may experience delays when calling the ThriftLine. We appreciate your patience.

Information about changes to TSP withdrawal options — (February 8, 2018) A fact sheet about planned improvements to TSP withdrawal options is now available. Questions and Answers about Changes to TSP Withdrawal Options provides background on the TSP Modernization Act and lays out plans for implementing the law along with other related improvements. Planned changes will give TSP participants more ways of withdrawing their money. The fact sheet will be updated as more details of the plan are finalized.

Stick to Your Plan — (February 6, 2018) 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 Investment Strategy: Stick to Your Plan.

Annual participant statements — (February 6, 2018) Your annual 2017 participant statement, covering the period from January 1 through December 31, 2017, is now available in My Account. To receive e-mail updates when new participant statements are available, sign up at “Email Updates” (under Quick Links) on the home page.

Peak ThriftLine Call Times — (January 29, 2018) Our highest call volume is on Monday and Tuesday mornings. If you want to minimize your wait time to speak to a Participant Services Representative, consider calling outside of those peak hours. Participant Service Representatives are available Monday through Friday, 7:00 a.m. to 9:00 p.m., eastern time.

New and revised BRS materials available — (January 1, 2018) The Thrift Savings Plan has created a new video called “The TSP for BRS Members: What’s It All About?” to give an overview of the Thrift Savings Plan to uniformed services members covered by the new Blended Retirement System (BRS). The TSP has also released two new booklets designed to help members manage their accounts: Managing Your Account for Members of the Uniformed Services and Managing Your Account for Civilian Federal Employees. These replace the Managing Your Account booklet that covered both civilian and uniformed services. Many other TSP publications and web pages have been revised to reflect policies that have changed with the advent of BRS.

Beginning January 1, 2018, all new members of the uniformed services will be enrolled in BRS. Members with fewer than 12 years of service by December 31, 2017, are also eligible to enroll in the new system. Those who are eligible for BRS and have not decided whether to join should see the video “Opting into the Blended Retirement System (BRS)” and the fact sheet Questions and Answers about Opting into the Blended Retirement System (BRS). The new video and others designed to educate members on the TSP can be found at youtube.com/tsp4gov.

TSP Withdrawal Options Bill Becomes Law — (November 20, 2017) On November 17, 2017, President Trump signed into law the TSP Modernization Act of 2017, which will provide TSP participants with more flexible withdrawal options. The law eliminates the statutory prohibition on multiple post-separation withdrawals and multiple age-based withdrawals while a participant is still working. It also removes the restriction that participants cannot take partial post-separation withdrawals if they’ve already taken an age-based in-service withdrawal. Though it has no effect on required minimum distributions mandated by the Internal Revenue Code, the law also allows separated participants who are over age 70½ to remain in the TSP, eliminating the requirement to make a withdrawal election on an entire account balance. Participants will also be able to stop monthly payments, change payment frequency, or elect to purchase an annuity while receiving monthly payments.

The Executive Director of the FRTIB has the authority to establish parameters regarding this new ability to take multiple withdrawals, and the law gives the FRTIB up to two years to make the regulatory and operational changes necessary to enact these changes.

2018 Contribution Limits — (October 25, 2017) 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 2018 have been announced. To learn more, visit “Contribution Limits.”

You May Now Reset Your TSP Password Online — (August 31, 2017) We’re pleased to announce that you may now reset your password online. If you forget or lose your password, go to the My Account section of tsp.gov, click on “Forgot your password?,” and follow the prompts. If you know your password and want to change it, log into My Account, visit “Profile Settings,” and click on “Change Your Password.” You can also call the ThriftLine at 1-877-968-3778 and press option 3 to speak to a Participant Service Representative.