Not affiliated with The United States Office of Personnel Management or any government agency

Not affiliated with The United States Office of Personnel Management or any government agency

TSP Expecting Military Influx

tsp plan military

The Thrift Investment Board of the Federal Retirement division of the Government has always been one for making announcements and dealing with all sorts of criticism along the way. They are trying to avoid as much criticism as they can these days and for that TSP board is making preparations to welcome the huge expected military influx in to the program by 2018.

New military members coming towards TSP:

The National Defense Authorization Act which was passed in November by Congress is intended to encourage the contemporary military members to make the investments in the TSP. The act will take effect starting next year.

The board is expecting over 500 thousand new additions within the first year and expects/projects that the number is going to get extended to as much as 1 million within the first year and a half. Greg Long who is the director of the board mentioned that this is destined to be a turning point in the recent history of the organization and that the whole dimension in expected to get changed in the longer run. He also mentioned that they are trying their best to improve their infrastructure so that it becomes able to deal with this large of an influx.

Renee Wilder who is the director of enterprise planning was the first person who raised the point that the system will have to be altered in order to make sure that they are able to sustain these alterations. There would have to be some extra efforts done by the communications team and the process will have to be sped up too.

That being said, all in all, it looks as if things are probably going to get a little hot to handle for the organization and here’s hoping that they are able to stay in the kitchen during the heat.

Search for Public Sector Retirement Expert.

Receive the Best advice.

PSR Experts can help you determine if Public Sector Retirement is right for you or if you should look for alternatives.

The Best Advice creates
the best results.

Recent Articles

Four Retirement Fund Tips That Federal Workers Are Using This Year

Key Takeaways Federal workers are leveraging strategic retirement fund management techniques to maximize their financial security.Diversification, contribution maximization, and smart...

Major Shifts in Federal Employee News—What This Means for Your Benefits in 2024

Key Takeaways: 2024 brings significant changes for federal employees and retirees, from pay raises to healthcare premiums—stay informed to make...

3 Reasons Why Law Enforcement Officers Can Retire Sooner Than Most Federal Employees Without Major Penalties

Key Takeaways Law enforcement officers (LEOs) can retire earlier than most federal employees due to special retirement benefits under FERS....

Search For Public Sector Retirement Expert

Receive the Best advice.

PSR Experts can help you determine if
Public Sector Retirement is right for you or if you should
look for alternatives.

The Best Advice creates

the best results.

Subscribe to our Newsletter

"*" indicates required fields

Our Readers Deserve The Best PSHB and USPS Health Benefits Guidance

Licensed insurance agents who understand PSHB, Medicare, and USPS Health Benefits Plan are encouraged to apply for a free listing.

This field is for validation purposes and should be left unchanged.

Book Phone Consultation

"*" indicates required fields

This field is for validation purposes and should be left unchanged.

Get In Touch

Stay up to date on the latest information about Public Sector Retirement.

The Best Advice Creates The Best