TSP Transition Period Ahead

With the Thrift Savings Plan on track to switch over to a new account management system effective September 16, a phase-in period is ahead that may be a consideration for some investors. For example, during August 16-September 15, interfund transfer requests cannot be made electronically through the TSP automated phone line or Web site. Instead, investors will have to use Form TSP-50, available at personnel offices, and mail it to the address on the form. Effective September 16, interfund transfers will be allowed up to every business day, compared with the lag time of between two and six weeks that has applied since the program’s inception.