Recent passage of the legislation to end the employee open seasons in the
TSP does not mean that immediately after the open season participants will
be able to immediately change their ongoing investments or that eligible
employees will be able to immediately join the program. The TSP will have to
issue rules to carry out the open season repeal and until it does, the
traditional policy will remain in place. Thus, for example, participants
will not be able to change their ongoing investment amounts after the end of
this open season until the rules are out, which could be a number of months
from now.
