SEC Investor Alert: Fraudsters May Target Federal Government Employee Retirement Plan Participants

July 31, 2017 The SEC’s Office of Investor Education and Advocacy (OIEA) and Broker-Dealer Task Force are warning the more than 5 million Thrift Savings Plan (TSP) participants, and investors in other federal government employee retirement plans, that investment scam artists may pretend to be affiliated with a government agency.  Federal government agencies, including the […]

Postal Unions, Associations among Federal coalition urging Congress not to siphon money from TSP

Wednesday, September 9 2015 Fifteen federal organizations are urging Congress not to use the Thrift Savings Plan (TSP), the federal government’s retirement savings program, as a revenue source. In a recent letter to House and Senate leadership, members of the Employee Thrift Advisory Council (ETAC) Chairman Clifford Dailing (NRLCA) urged them to “declare the TSP […]

Federal Retirement Thrift Investment Board proposes to realign default fund

From the National Association of Postal Supervisors (NAPS) June 25, 2015  The Federal Retirement Thrift Investment Board (Agency) proposes to amend its regulations at 5 CFR parts 1600, 1601, and 1651 to change the default investment fund for certain participants in the Thrift Savings Plan (TSP). The proposed regulation would (1) change the TSP’s default […]

Congressman Introduces bill to add Gender Equality-Focused Stock under TSP

May 20, 2015 U.S. Representative Don Beyer (D-VA), a member of the Joint Economic Committee (JEC), held a press conference this morning to introduce the Gender Diversity Investment Act, pioneering legislation designed to allow federal workers to choose to invest in businesses that have women in leadership.The Gender Diversity Investment Act would provide federal employees the freedom and […]

USPS: Tools and resources available for retirement planning

Looking forward Tools and resources available for retirement planning Whether you are new to the Postal Service or a longtime employee, it’s never too early — or too late — to begin planning for your retirement. These tools can help: Federal ball park estimator: Includes projected federal annuity and Thrift Savings Plan (TSP) benefits to […]

USPS data breach does not affect postal employees Thrift Savings Plan (TSP)

USPS Cyber Intrusion — (November 10, 2014) We have been notified of the cyber intrusion incident experienced by the U.S. Postal Service. This incident does not affect your Thrift Savings Plan account. If you are a Postal employee and need additional information, please contact the Postal Service Human Resources Shared Services Center at 1-877-477-3273 and […]

OPM Disability Retirement: Securing a Future

By Federal Disability Attorney Robert R. McGill Change is an inevitable feature of life. It is always difficult to accept the vicissitudes which interrupt the security found in the daily routine of work, family and social events, if only to get together with neighbors or sometime-acquaintances for an evening to forget the daily toils of […]

Maryland Letter Carrier Charged in Mail, Bank and Tax Fraud Scheme

Postal Employee Charged in Scheme to Fraudulently Extinguish Debts and to Obtain Fraudulent Tax Refunds Aaron H. Kelly, a United States Postal Service employee, was indicted yesterday in the U.S. District Court for the District of Maryland for four counts of mail fraud, two counts of bank fraud, one count of corruptly endeavoring to obstruct […]

Impact of Federal Government Shutdown on Postal Workers

October 4, 2013) As a result of the ongoing government shutdown, please make note of the below captioned list of government managed benefits and their possible impact on Mail Handlers. We will continue to monitor the impact of this action on federal agencies. If the shutdown is prolonged, additional information will be compiled, updated, and […]

TSP Officials urging Federal Employees to avoid free iPhone app

Thrift Savings Plan (TSP) officials are urging federal employees to steer clear of a new third-party application that may be phishing for personal information about their TSP government retirement accounts. A free iPhone app called TSP Funds, currently being offered through the Apple App store, asks TSP participants for their account login information. “This app […]