Savings for the future
Here's what to expect when the new Thrift Savings Plan system is completed next year
Here's what to expect when the new Thrift Savings Plan system is completed
next year:
* Transactions will be processed each business day instead of once a month.
* Account balances and transactions will be processed and shown in dollar
amounts, shares and share prices, instead of in dollar amounts only.
* Federal employees will be able to do more with their accounts over the
Web, including beginning and sometimes completing a withdrawal request,
checking and updating their names and addresses, and reamortizing a loan.
* Feds will be able to allocate future contributions at any time over the
phone, on the Web or by submitting a form, instead of at agency personnel
offices only during open season.
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