Federal Managers Association

In the News

• Missed TSP Investments to Be Made Up, but No Earnings Credited - November 17, 2025

• FEDweek

  Federal employees who missed making TSP investments due to being in unpaid status during the shutdown are to have those investments deducted from their back pay, the TSP has said.
  
  In instructions to agencies, the TSP said that investments and loan repayments “associated with this lapse in appropriations should be submitted to the TSP record-keeper on current payment records.” “The TSP will receive and process payroll files that include participant contributions, as well as agency and service contributions and matching contributions where appropriate. Contributions will be credited to the participant’s account on the date they are processed,” an agency spokesman said.

  However, the instructions state that such investments will not qualify under TSP rules allowing for adjusting retroactive investments in certain situations to take into account what the money would have earned (or lost) had it been on investment during that time—in the TSP’s term, “breakage.”

  To read the full article, click here.

##