NEW BUDGET HAS LANGUAGE PRAISING TSP BUT ACTUALLY CUTS PARTS OF IT - February 20, 2018
White House Budget Plan Praises the TSP, Then Cuts It
By Erich Wagner, Government Executive
Although President Trump’s fiscal 2019 budget request touts the popularity and success of the federal government’s 401(k)-style retirement savings program, policies in the fiscal roadmap would significantly reduce the Thrift Savings Plan's effectiveness.
Among other proposals to change federal employee pay and benefits, the White House plans to study whether offering a retirement package consisting solely of the TSP—with no defined benefit program—would improve agencies’ ability to recruit young people.