The TSP Transition is Still Giving Users Some Problems

The TSP Transition is Still Giving Users Some Problems

Author: GovExec February 6, 2023 Duration: 18:41
GovExec Daily
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Millions of federal employees, military members and retirees are enrolled in the Thrift Savings Plan. This past June, the TSP moved to the new recordkeeper vendor Accenture, touting better security and functionality for these users. Those same users reported many problems with the recordkeeper transition, including excessive customer service wait times and issues with usability. While there have been improvements, the transition was a slog and there are still outstanding issues. 

Abraham Grungold is a financial professional as the owner of AG Financial Services, a longtime federal employee and a member of the exclusive TSP millionaires club. As part of our #MoneyMonday series, he joined the podcast to talk about the TSP site transition and where things stand now.

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Each morning, GovExec Daily cuts through the noise to bring clarity to the complex world of federal government operations and policy. Host Ross Gianfortune doesn't just read the headlines; he provides essential context by speaking directly with the people shaping the news. Conversations with policymakers, GovExec's own seasoned reporters, and subject matter experts turn breaking developments into understandable insights. This isn't general political commentary-it's focused analysis for professionals who need to grasp the immediate implications of new legislation, management directives, and budgetary shifts. The pace of Washington demands a resource that keeps up, and this podcast serves as that reliable daily briefing. You'll hear grounded discussions that connect the dots between today's announcements and tomorrow's challenges, all designed for an audience working within or closely with the federal ecosystem. Tune in for a straightforward, no-fluff dialogue that makes even the densest topics accessible, ensuring you start your day informed rather than just aware.
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