The Federal Retirement Thrift Investment Board (FRTIB) has gone live with its Financial Systems Modernization platform, which will replace multiple legacy systems for the Thrift Savings Plan (TSP). Kim Weaver, director of external affairs for FRTIB, said the modernization will not have a direct impact on TSP members but they will benefit from the increased […]
Enterprise Risk Management (ERM) helps analyze the effectiveness of the Federal Retirement Thrift Investment Board’s goals. The calendar year 2021 risk profile found several categories in the medium-high category. Kim Weaver, director of external affairs at the Federal Retirement Thrift Investment Board, said the board updated its risk appetite statement to account for taking on […]
The Thrift Savings Plan (TSP) will improve its participant services with the Converge Program, offering online tools to help federal employees manage their accounts. Converge will also enhance its security to align with a better cyber posture. Kim Weaver, director of external affairs at the Federal Retirement Thrift Investment Board, said the program is combining […]
The Thrift Savings Plan (TSP) has a slightly smaller budget for fiscal 2022. The Federal Retirement Thrift Investment Board approved the budget of $496 million for the next fiscal year. Kim Weaver, director of external affairs at the Federal Retirement Thrift Investment Board, said the board’s transition to a new recordkeeping platform, which will go […]
The Lifecycle (L) Funds from the Thrift Savings Plan (TSP), a retirement savings and investment plan for federal employees and members of the uniformed services, just hit 3 million participants. All of the L Funds for the TSP reported gains in June. Kim Weaver, director of external affairs at the Federal Retirement Thrift Investment Board, […]
A new Senate bill from Sen. Marco Rubio (R-FL) would force the Thrift Savings Plan to revamp its international fund to take out companies the Chinese government owns or owns parts of. Those restrictions don’t apply to other funds, according to Kim Weaver, director of external affairs at the Federal Retirement Thrift Investment Board. Weaver […]
Proposals to change the investment options in the Thrift Savings Plan (TSP), a federal retirement savings and investment plan, discriminate against participants and could kill the I Fund for investors, according to Kim Weaver, Director of External Affairs at the Federal Retirement Thrift Investment Board. Tommy Tuberville (R-AL) filed an amendment to a pending Senate […]
1.8 million Thrift Savings Plan (TSP) participants now use the Roth option, meaning they pay taxes up front. Assets are up 64% since the start of the program. Kim Weaver, Director of External Affairs at the Federal Retirement Thrift Investment Board, said participation in Roth contributions has greatly increased since the Blended Retirement System started […]
