Plan News was updated on November 13, 2019.

Investment benchmark update — (November 13, 2019) 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.

2020 Contribution limits — (November 7, 2019) 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 2020 have been announced. To learn more, visit “Contribution Limits.”

Two-step authentication becomes mandatory in December — (November 5, 2019) All TSP participants must have validated contact information and use two-step authentication to log into My Account beginning December 2019. You can avoid interruption to your account access by adding these security features in your My Account Profile Settings now. Download instructions (pdf).

Two-step authentication helps protect your account against fraud. This login process is more secure because it means that online access to your account requires something you know (your account number or username and password) and something you have (the one-time code you receive in your email or on your phone). Someone who tries to log into your account fraudulently won’t be able to gain access without the code.

Third quarter participant statements are online and in the mail — (October 9, 2019) Your third quarter 2019 participant statement, covering the period from July 1 through September 30, 2019, 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.

New TSP Podcast — (September 26, 2019) We’re happy to announce our new podcast, The Real TSP! Hosted by TSP educators, each episode provides an in-depth look into your retirement investment plan and answers questions you care about the most. Whether you’re brand new to the government, well into your retirement years, or serving our country in the U.S. or abroad, this podcast has something for you. Find our podcasts at youtube.com/tsp4gov.

New withdrawal options now available — (September 15, 2019) We’re pleased to announce that all participants now have more options when seeking to withdraw retirement savings from their TSP accounts.

For a detailed summary of the new withdrawal options, read our updated fact sheet, Questions and Answers about Changes to TSP Withdrawal Options.

For information about in-service withdrawal options, visit the “In-Service Withdrawals” section of tsp.gov and download our updated booklet, In-Service Withdrawals.

For information about post-separation withdrawals, visit the “Withdrawals After Leaving Federal Service” section of tsp.gov and download our updated booklet Withdrawing from Your TSP Account.

To initiate a withdrawal request, you’ll use enhanced online tools in My Account. After you log in, select the “Withdrawals and Changes to Installment Payments” link from the Online Transactions menu.

Stick to Your Plan — (August 6, 2019) 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.

Loans during a lapse in appropriations — (February 15, 2019) As a result of the recent partial government shutdown, we made changes to provide assistance to affected TSP participants. In the event your agency is affected by a lapse in appropriations, read the fact sheet Frequently Asked Questions About TSP Loans During a Lapse in Appropriations for details on how to take a loan, what to do if a lapse in appropriations lasts long enough to affect your loan payments, and other questions you may have about taking or having a loan while you are on shutdown furlough. The fact sheet also explains what happens with your loan payments when a lapse in appropriations ends.

Annual participant statements — (February 5, 2019) Your annual 2018 participant statement, covering the period from January 1 through December 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.

Changes coming to the Lifecycle (L) Funds — (November 29, 2018) We are planning adjustments to the L Funds in an effort to improve your investment outcomes. Effective in January 2019, we will increase exposure to international stocks (the I Fund) from 30% to 35% of the overall stock allocation in all L Funds. The L Income Fund stock allocation (C, S, and I Funds combined) will increase from 20% to 30% over a period of up to 10 years. The L 2030, L 2040, and L 2050 overall stock allocations will hold steady for a period of years before resuming their transitions from stocks to bonds. In addition to improving investment outcomes, this pause will align the L 2030, L 2040, and L 2050 Funds with the L 2060 Fund, which will be introduced in 2020 with an initial stock allocation of 99%. Visit Lifecycle Funds to learn more.

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.