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.


  • business meeting (Monkey Business Images/Shutterstock.com)

    Civic tech volunteers help states with legacy systems

    As COVID-19 exposed vulnerabilities in state and local government IT systems, the newly formed U.S. Digital Response stepped in to help. Its successes offer insight into existing barriers and the future of the civic tech movement.

  • data analytics (Shutterstock.com)

    More visible data helps drive DOD decision-making

    CDOs in the Defense Department are opening up their data to take advantage of artificial intelligence and machine learning tools that help surface insights and improve decision-making.

Stay Connected