As a federal employee, you are eligible to participate in the Thrift Savings Plan (TSP), a retirement savings and investment account similar to 401(k) plans offered by many private companies.
Depending on how long and how much you put away in your account, TSP allows you to enjoy a comfortable retirement after decades of hard work.
But do you know what would happen to your money if you were not around to use it?
That’s why it’s important to designate a beneficiary for your TSP account so you know exactly where your money would go.
According to TSP.gov:
If your beneficiary designation is different from the order of precedence, log in to My Account or contact the ThriftLine at 1-877-968-3778.
Consider sharing information with your beneficiaries to help make the process smoother.
You can also sign up for TSP seminars at www.tsp.gov/webinars for deep-dive sessions on TSP topics.
For more information, visit tsp.gov.
The Office of Personnel Management last week took a huge step toward aligning the locality pay maps for employees on the Federal Wage System and General Schedule.
Read More
With the election approaching Marcial Gomez talks about what’s on the line for TSA employees and his concerns about Project 2025.
Read More
Members of AFGE’s DEFCON Steering Group met along with AFGE staff and elected leaders to discuss ways to better serve employees throughout the DoD in the year ahead.
Read More
