Federal Managers Association
In the News
- TSP Debts Remain Collectible After Leaving Federal Government - April 24, 2014
Final Rule Codifies a 1996 LawBy Eric Katz, Government ExecutiveThe Federal Retirement Thrift Investment Board (FRTIB), which administers the Thrift Savings Plan (TSP), issued a final rule allowing the agency to compel private-sector employers to deduct from an employee's paycheck to cover debts owed. The rule requires 30 days' notice prior to arranging for paycheck deductions. Employees can set up a payment plan or ask for a hearing to question the debt.To read the full article, please click here.