Participation in the Thrift Savings Plan is up again this month, and participation among active duty uniformed service members is up to 77.1%.
- Kim Weaver, Director of External Affairs at the Federal Retirement Thrift Investment Board, said the reason for this increase is auto-enrollment, and additionally, 68% of those people are contributing 5%, so they are getting the full match.
- Weaver said the board is very happy about Federal Employee Viewpoint Survey results showing 77% of TSP employees are engaged, 72% are satisfied and 95% think leadership would be able to handle future emergencies, which Weaver said validated much of what they have done over the past year.
- The board is developing a strategic plan for fiscal years 2022 to 2026 that outlines goals and will likely be released later this summer, according to Weaver. She said they are focusing on outcomes instead of just numbers, such as confidence of participants in their retirement savings.
