While the Thrift Savings Plan’s (TSP) transition to a new recordkeeping system has admittedly been bumpy, the Federal Thrift Retirement Investment Board (FRTIB) reports there is light at the end of the tunnel. Many of those with funds invested in the TSP, including many FMA members, have had difficulty accessing their accounts and finding information. However, the board announced they expect the TSP call center will see a return to “normalcy” as early as the middle of the August.

On Capitol Hill, Delegate Eleanor Holmes Norton (D-DC) and Rep. Abigail Spanberger (D-VA) have asked the Government Accountability Office to investigate the shortcomings TSP saw during the transition.

Meanwhile, for investors in the TSP, July 2022 featured the best single month performance since 2020.