TSP May Begin Automatic Participation

Board to press for automatic TSP enrollment of new employees
"...draft legislation prepared by the board, new or rehired employees would have 3 percent of their basic pay automatically contributed to one of TSP’s L Funds as soon as they begin work, unless they specifically decline to participate. Employees would have 90 days to opt out of the program and receive a full refund. ..."

Source: www.federaltimes.com

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