Some Plans Change, Others Don’t

The delay of the TSP computer system launch means that several special considerations applying to the transition to that system also will be delayed. These include a moratorium on accepting electronic interfund transfers and holding loan and withdrawal requests for payment under the new system. Until the revised dates are set for the transition period, traditional TSP policies will continue to apply. Those policies include monthly valuation of accounts, which allows for transactions only on a monthly basis; under the new system, accounts will be valued daily and accounts will be shown in share prices and number of shares owned in addition to dollar amounts. However, one change unaffected by the delay of the new system will be the planned change of the program’s open season dates. The upcoming TSP open season will begin October 15, rather than November 15 starting date traditionally used for the autumn open season.