TSP Schedule Could Be Announced

The Thrift Savings Plan’s governing board is set to meet next week and could then endorse a schedule for making operative the TSP’s much-delayed new computer system. Testing and other work is continuing, with the prospects apparently improving for having the new system running in the upcoming months. Once a schedule is set, there likely will be a phase-in period much like the one the agency announced last summer when it expected to launch the new system last September. In that schedule, there was to have been a period in which interfund transfer requests could not be made electronically, as well as a deadline for filing loan or withdrawal requests under the current system. The new computer system will allow daily valuation of accounts, faster processing of disbursements, and numerous other changes.