The TSP has posted a notice stating that the Treasury Department has once again “disinvested” the government securities G fund due to the government hitting its debt ceiling. Image: Paulik_by/Shutterstock.com
The TSP has posted a reminder that annual account statements—commonly used for tax filing, financial planning and other purposes—in most cases are now being delivered only electronically for those who did not specifically request to receive them by postal mail.
“Quarterly statements and many other TSP notices are already delivered this way. While some electronic notices will go directly to your preferred email address on file, most will be posted in your secure participant mailbox in My Account,” it says, referring to the personal account portal on tsp.gov.
Statements will be posted in that portal for those who have set up their My Account login since June 1, 2022 (the date the TSP switched to a new operating system), and have not chosen postal mail as their delivery preference; and to those who have not set up a My Account login but have an email on file from before June 1, 2022.
Statements will be sent by postal mail to those who set up their My Account login since June 1, 2022, and have chosen postal mail as your delivery preference; and those who have not set up your My Account login and do not have an email address on file.
The TSP added: “To protect your account, we will always send security and fraud protection notices by postal mail. If you would like to change your delivery preference or update your email address, you can log in to My Account and review the information under ‘Manage Communications.’”
Separately, the TSP has posted a notice stating that the Treasury Department has once again “disinvested” the government securities G fund due to the government hitting its debt ceiling. “G Fund investors remain fully protected and G Fund earnings are fully guaranteed by the federal government. This statutory guarantee has effectively protected G Fund investors many times over the past 30 years. G Fund account balances will continue to accrue earnings and will be updated each business day, and loans and withdrawals will be unaffected,” it says.
The fund is made whole once the debt ceiling is raised or suspended.
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