Last TSP Open Season Coming Up

Starting April 15 and running through June 30, the Thrift Savings Plan will conduct the last of its open seasons, a fixture of the program since its inception nearly two decades ago. Currently, open season is the only time during which investors may change the amounts of their ongoing investments, although they may change how those investments are allocated among the investment funds at any time (a change that at one time also could be made only during open season). Open season also is the only time an eligible person who is not currently investing may begin to do so. Starting July 1, those restrictions will be lifted, although the policy will be continued that government contributions for newly hired employees don’t begin until after a waiting period has passed.