Here is the latest from the FRTIB on our TSP.
GovernmentExecutive.com
http://www.govexec.com/story_page.cf...dcn=todaysnews
Retirement savings plan reforms could unfold rapidly
By Alyssa Rosenberg arosenberg@govexec.com June 16, 2009
Changes to the Thrift Savings Plan passed by Congress last week could begin to take effect in July, the staff of the Federal Retirement Thrift Investment Board said during a meeting on Tuesday.
The board is preparing agencies to implement a provision in broader tobacco legislation (H.R. 1256) that would make new hires immediately eligible for an automatic 1 percent agency contribution to their Thrift Savings Plan accounts, according to Pamela-Jeanne Moran, TSP's deputy director of external affairs. Agencies could be ready to go as early as next month, she said. Currently, there is a waiting period before agencies begin making the automatic contributions, which are separate from funds they deposit to match employees' voluntary contributions out of their salaries.
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