Political Quotes

“Mr. Speaker, the Thrift Savings Plan, TSP, is a retirement savings and investment plan for Federal employees that is governed by the Federal Retirement Thrift Investment Board. The TSP has approximately 3 million participants. It is the largest retirement savings and investment program in the Nation. H.R. 4324 would make two significant changes to the rules that govern participation in the TSP. First, it would allow Federal employees to alter their TSP contributions at any time instead of limiting such changes to biannual open-season periods. Secondly, the bill would require the Federal Retirement Thrift Investment Board, the agency that administers the TSP, to evaluate and report on efforts to increase education programs for TSP participants. Overall, H.R. 4324 would allow TSP enrollees to have more control over their investments and financial future. With better education initiatives, participants would be better informed when changing contributions to their TSP.”