Happy Memorial Day!
Since the Thrift Savings Plan (TSP) might soon be the cornerstone of the Military Retirement System, I though I’d take some time to highlight some of the attempted shenanigans taking place with the TSP.
I say attempted because it literally takes an act of Congress (that’s the entire Congress) to alter the TSP’s charter/regulations. This is by design, because the TSP is deliberately designed to be apolitical and avoid the business of picking winners and losers. This prevents a Congressman/Senator from creating a fund designed to funnel federal employee retirement savings to his or her district/state/pork project.
Enter Congressman Don Beyer (D-VA). Continue reading