Plan News was updated on January 2, 2020.

January Processing Schedule — (January 2, 2020)

  • Withdrawals processed after December 27 — Withdrawals processed the last two business days of December 2019 are considered taxable income for 2020, not 2019. The TSP will report them to you and to the Internal Revenue Service (IRS) on IRS Form 1099-R by January 31, 2021.
  • January 20 — The financial markets will be closed on Monday, January 20, in observance of Martin Luther King Jr. Day. The Thrift Savings Plan will also be closed. Transactions that would have been processed Monday night (January 20) will be processed Tuesday night (January 21) at Tuesday’s closing share prices.
  • IRS Form 1099-R — IRS Form 1099-R, Distribution from Pensions, Annuities, Retirement or Profit-Sharing Plans, IRAs, Insurance Contracts, etc., for tax year 2019 will be posted in My Account and mailed by January 31, 2020. Note that withdrawals processed after December 27 are considered taxable income for 2020 and will not be included on 2019 1099-Rs. Taxable distributions of loans are taxable in 2019 if made on or before December 31 and will be included on 2019 1099-Rs.

President signs SECURE Act — (December 26, 2019) 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.

Two-step authentication enabled for logging into My Account — (December 23, 2019) All TSP participants now must have validated contact information and use two-step authentication to log into My Account.

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.

If you’re having trouble logging in, you can read our tips and troubleshooting guide.

Board and ETAC Chairmen say “Let’s Keep a Fair Playing Field for TSP Investors” — (November 25, 2019) 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 here.

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.”

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

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 and download our updated booklet, In-Service Withdrawals.

For information about post-separation withdrawals, visit the “Withdrawals After Leaving Federal Service” section of 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.