The new TSP website is an unmitigated disaster!

[Rcf3]

I don't see anything that states I must call to make a change to my monthly installment. if you can tell me the page I would appreciate it.
Also, on Page 4 of the booklet it states: After your installments are set up, you can make changes to them at any time by using one of theThriftLine options listed at the beginning of this booklet. all I see is contact information which we all know sucks.
This seems like a make step backwards as once you sent in your notorized documents in the old site you didn't have to call anyone

This whole thing is a con. Millions spent and many promises made about how the new and improved website would make out lives easier, but in reality it is the same or worse.

By the way, as for calling the TSP line and expecting to get results, the last time I called I told them that for some reason my spouse is not listed in my profile despite the fact that under the old system she was listed and even signed the notarized form to initiate installment payments. I informed them that the edit tool did not allow me to enter her name. I was told they would look into it. That was three weeks ago. As of today…


[TABLE="class: al-table al-table-responsive, width: 726"]
[TR="class: ng-star-inserted"]
[TD="class: al-w3-16 al-480-w100 al-320-w100 al-float-none"][h=3]Spouse[/h][/TD]
[TD="class: al-w3-8 al-480-w100 al-320-w100"]-Not on File-
Contact your Agency to update this information.
[/TD]
[/TR]
[/TABLE]

 

[blindspeed]

First and foremeost, I am not trying to argue anybody. I am not happy about any of this either. As far as the pamphlet, it is totally vague what you are supposed to do to change your installment plan. They say use the thriftline options at the beginning of the booklet and all you can find are mailing address and phone numbers. This obfuscation is all part of the plan......if not, then why didn't they plainly state how to change your installment plan.
So I asked Ava
how do i change my installment plan
Jul 17, 5:59 PM

Starting on June 2022, installment payments are set to the 15th of each month or the preceding business day, if the 15th is on a weekend or holiday.
Jul 17, 6:00 PM

If you need to stop, change cancel, stop or make changes to your withholding or payment destination, you must call the ThriftLine.
Jul 17, 6:00 PM

For more information on the rules for changing your installment payments and the tax implications, check out the Installment Tax Information sheet

 

[nasa1974]

Beside the new website being a screw up, it appears that everyone is getting different information from the folks working the phones. That just makes everything worse. It looks like we can't even trust the printed information. Restore the old software and screw the mutual funds option.

 

[James48843]

It is incomprehensible that the TSP
is not keeping participants up to date on the status of these problems. I can’t think of any logical reason for this lack of communication.

I can.

The answer is- they don't have a CLUE as to what they are doing, nor what their contractor is doing. And they don't know what to do. So they are silent and "hope" that nobody files a lawsuit.

 

[James48843]

Well well , will you looky here.


The FRTIB is advertising for A CONTRACT OVERSIGHT SPECIALIST, AND A LAWYER.

They are only filling these positions NOW? Wonder why.

[h=4]Current Job Openings[/h]
[FONT=&quot][h=4]Contract Specialist (Direct Hire Authority)[/h]The FRTIB is looking for a highly qualified and motivated individual to serve as a Contract Specialist (Direct Hire Authority).

• FRTIB-22-DE-024, Contract Specialist (Direct Hire Authority), GS-1102-14, closing date: Friday, September 02, 2022. Review the job details and apply for the position on USAJobs.gov.

[/FONT]
[FONT=&quot][h=4]Attorney-Adviser (Contracts)[/h]The FRTIB is looking for a highly qualified and motivated individual to serve as Attorney-Adviser (Contracts).

• FRTIB-22-ES-034-11555661, Attorney-Adviser (Contracts), GS-0905-12/13/14, closing date: Monday, July 25, 2022. Review the job details and apply for the position on USAJobs.gov.

[/FONT]

How about that!

 

[rdodson]

Well well , will you looky here.


The FRTIB is advertising for A CONTRACT OVERSIGHT SPECIALIST, AND A LAWYER.

They are only filling these positions NOW? Wonder why.




How about that!

Sounds like positions that most on this thread would be qualified to fill.

 

[jonfresno]

Better late than never??

Well well , will you looky here.


The FRTIB is advertising for A CONTRACT OVERSIGHT SPECIALIST, AND A LAWYER.

They are only filling these positions NOW? Wonder why.




How about that!

 

[Rcf3]

Well well , will you looky here.


The FRTIB is advertising for A CONTRACT OVERSIGHT SPECIALIST, AND A LAWYER.

They are only filling these positions NOW? Wonder why.




How about that!

Great, they can stand by the open barn door and watch the horse gallop into the distance!

 

[Herbie53]

These positions would be a great way to step into a hornets nest when everything is all stirred up - no thank you please :nuts:

 

[Rcf3]

These positions would be a great way to step into a hornets nest when everything is all stirred up - no thank you please :nuts:

If you noticed the Contract Specialist position closes Sept 2, so this is about something else. Perhaps there are more “improvements” planned by the TSP. Hold on to your arse!

 

[waltj]

Just a question out of the blue: Who benefits when my RMD is taken out on the 15th, but not deposited until the 19th? Who gave permission to recalculate RMD mid year? -- That's two, so here is # 3. What impact is that going to have on penalties come tax time, since they will be distributing less than what was calculated based on 12/31/2021 account balance?

 

[TSATSO]

The way it is supposed to work is if, for whatever reason, you don't withdraw all of your RMD by the end of the calendar year, the TSP will automatically make up the difference with an extra "makeup" withdrawal from your account. In other words, they will make sure you meet the RMD for the year.

However, as screwed up as the system is now, I wouldn't count on anything working the way it is supposed to.

 

[luv2read]

make sure you specify DIRECT TRANSFER if you want the money to go directly from one account to another without a cash distribution to YOU. NEVER use the word "rollover." That will give them the excuse to send you a check less 20% taxes withheld.

 

[luv2read]

Well well , will you looky here.


The FRTIB is advertising for A CONTRACT OVERSIGHT SPECIALIST, AND A LAWYER.

They are only filling these positions NOW? Wonder why.


How about that!

They're advertising for a Contract Specialist, not a Contract Oversight Specialist. I was a federal Contract Specialist. That's not someone who oversees contracts already in place. The contract specialist prepares the proposal package, negotiates the contract if applicable, and awards the contract. Only the contracting officer is authorized to sign and administer the contract once it is awarded. I'm thrilled that they're worried enough to hire a contracts attorney-adviser! We should find out who the contract specialist and contracting officer (if any) were who prepared, negotiated and signed this mess, and demand they be fired! What surprises me is that CONGRESS hasn't started an investigation since they're all in this FERS boat with us.

 

[luv2read]

If you noticed the Contract Specialist position closes Sept 2, so this is about something else. Perhaps there are more “improvements” planned by the TSP. Hold on to your arse!

maybe they fired the idiot who prepared this mess!

 

[Rcf3]

maybe they fired the idiot who prepared this mess!

You know better than that! Incompetence is rarely a reason to fire someone in the government. If it was half of the federal government would be on the unemployment line.

 

[Valkyrie]

so, I have a monthly withdrawal at a set amount that I did two months before their disaster.
first month the correct amount was removed.
Now after their Planned screw up, my monthly withdrawal is done as a % of my balance, which results in less monthly withdrawal each month.
Now isn't that nice for them to keep more of my money.

 

[antonichen]

Has anyone actually been able to add their beneficiary/beneficiaries online? I have none on the website and when I try to add, I just arrive at a dead script that does nothing but show green number one (add beneficiary) in the line of progression...

It's now 25 July, I'm really disappointed in this change, and I'll probably never use anything besides the G, S, and C funds.

 

[MunnyHunny]

How is it acceptable for a financial provider to shift to a platform that doesn't carry over your YTD account history!!!!??? Why didn't TSP warn that we would lose our entire history of documents? The TSP debacle is why I require paper mail on all of my accounts. A bad provider could wipe out your history of records in an instant.

I am just realizing that none of my IFTs made since the shift have gone through. The account summary page doesn't show funds. It says Cash, Bonds, Stocks so I thought my shifts had gone through? Why!!!
The important summary of my account is the fund balances!

The incredibly expensive mutual fund window wasn't worth this debacle.

 

[SteelSaving]

Does anyone have a clue how to see your roth vs. traditional account balances?