Apr 12, 2012

TSP Roth option will be delayed for military

Thrift Savings Plan.TSP Logo (Photo credit: Wikipedia)"...When the Thrift Savings Plan's new Roth option launches next month, it won't be available to military service members — and they are among those mostly likely to benefit from the new option.

Defense Finance and Accounting Service spokesman Tom LaRock said it will be early summer before the TSP Roth option is available for Defense civilian employees and Marine Corps members. Army, Navy and Air Force service members will not get the Roth option until early fall, LaRock said.

Army, Navy and Air Force pay systems are more complicated and require more testing to make sure the changes necessary for the Roth option do not cause problems, he said..."

Read more at FederalTimes.com
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