TSP retirement system is done despite delays

More than 3 million federal employees finally have a modern retirement record-keeping system. The Federal Retirement Thrift Investment Board last week launched its new computer system after five years of fits and starts.

The system went live June 16 and has proved popular; the Web site was slowed down, at least initially, by the number of visits. It processes transactions daily and includes several Web forms to apply for loans, interfund transfers or withdrawals.

The launch ends a six-year journey that included the board's firing of its first contractor, American Management System Inc. of Fairfax, Va. The agency now is suing AMS for $350 million.

FTRIB hired Materials, Communications and Computers Inc. of Alexandria, Va., to put the system back on track.


  • 2020 Government Innovation Awards
    Government Innovation Awards - https://governmentinnovationawards.com

    21 Public Sector Innovation award winners

    These projects at the federal, state and local levels show just how transformative government IT can be.

  • Federal 100 Awards
    cheering federal workers

    Nominations for the 2021 Fed 100 are now being accepted

    The deadline for submissions is Dec. 31.

Stay Connected