TSP’s modernization project set to launch June 1 after transition period

After a year and a half working on a system modernization project, the agency that manages the Thrift Savings plan is just about ready for the program’s new features to go live.

Before participants can access new features on the TSP’s first-ever mobile app, the Federal Retirement Thrift Investment Board is gearing up for the second phase of a transition period starting May 26.

Over the next week, participants will not be able to make any changes to their current investments. That’s after the FRTIB took some initial functions offline starting May 16.

During the downtime, all TSP savings will remain invested and payroll contributions will continue.

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