Posted on Jun 4, 2023

Thrift Savings Plan participants sue over access to funds

SFC Joe S. Davis Jr., MSM, DSL

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READ OF THE DAY

Thrift Savings Plan participants sue over access to funds
By Molly Weisner
Jun 2, 12:20 PM
(Marilyn Nieves/Getty Images)

Editor’s note: This story was updated at 12:26 p.m. EST on Friday, June 2 to include updated comments.

Military and civilian users of the the federal government’s Thrift Savings Plan, the popular tax-deferred retirement savings program for millions of government employees, filed a lawsuit alleging that they lost access to their funds following a modernization of its system.

PO1 William "Chip" Nagel SSG Michael Noll Lt Col John (Jack) Christensen Cpl Vic Burk SGT (Join to see)] Sgt (Join to see) PV2 Larry Sellnow SPC Gary C. SPC (Join to see) Amn Dale Preisach SGT Ruben Lozada 1SG Patrick Burke PO2 Marco Monsalve Lt Col Charlie Brown Maj Kim Patterson SPC Robert Coventry SGT David A. 'Cowboy' Groth SFC Ralph E Kelley PV2 Scott M. PO1 Lyndon Thomas

Thrift Savings Plan participants sue over access to funds

Posted from armytimes.com

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TSP

Posted 11 mo ago

Responses: 2

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Lt Col John (Jack) Christensen

Posted 11 mo ago

Very interesting but also not an unusual thing when a servicing agent is changed. Went through something similar with a 401K a few years back. Problem is when you need the money you want it now.

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