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The hardest thing has been to get them to access their accounts. Many don’t know where their initial password notification and PIN are.True the "L" fund carries more risk but the employee still has the option of staying in the "L" fund or moving it to something more comfortable or something riskier. The hardest thing is getting new employees educated on how to handle their TSP.
That was one of the first things I drove hard to get when I first got hired. Get my PIM and password and change it to something I could remember and log-in when need-be. I've been working with people who have been in at least 2-3 years and say they've never touched their TSP account and it just sits in the G-fund.The hardest thing has been to get them to access their accounts. Many don’t know where their initial password notification and PIN are.
That was one of the first things I drove hard to get when I first got hired. Get my PIM and password and change it to something I could remember and log-in when need-be. I've been working with people who have been in at least 2-3 years and say they've never touched their TSP account and it just sits in the G-fund.
In the beginning when TSP became available my money sat in the G fund for a few years. I didn't know any better. That and it was difficult to make any changes and there weren't many options (G and C). If you wanted to make a change you had snail mail or a phone call (but that took a few days to take effect). Much easier now.
I found this article interesting. Any comments?
Federal Retiree Sues Virginia for Tax Discrimination
- By Kellie Lunney January 12, 2015
Federal Retiree Sues Virginia for Tax Discrimination - Pay & Benefits - GovExec.com
From Govexec.com
Government News, Research and Events for Federal Employees - GovExec.com
I'll believe it when I see it in my paycheck. More smoke and mirrors.
Bills Would Give Feds a 3.8 Percent Pay Raise
By Eric Katz January 13, 2015 65 Comments
"Lawmakers in the both the House and Senate introduced bills on Tuesday to raise federal employees’ pay 3.8 percent across the board in 2016...."
Bills Would Give Feds a 3.8 Percent Pay Raise - Pay & Benefits - GovExec.com
Made my move a few days ago and should have given more thought to the I fund, only move left is to the G. bummer.
Good luck, hope the I rallies for you.