The FRTIB does not receive any appropriated funds;
all funds to run the Agency and the TSP come from administrative expenses levied on TSP participants.
The proposed TSP budget for fiscal year 2021 will jump to $498.4 million for the current budget of $385.6 million—about a 29% increase. This would also increase the budget to participant ratio to $79 from the current $64 participant level—an increase of 23.4%.
As much of the increase would be due to the cost of implementing a new record-keeping system, and running two systems during the implementation of the new system, the large budget increase would be temporary, according to the budget projections from the TSP.
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