The Way To Go

Pensions for all in UK market’s big DC shift

Now that automatic enrolment has become the centrepiece of UK pension reform, decent retirement incomes should no longer be exclusive to company veterans and the well-off.

New Law Authorizes Changes to the TSP

Back in June, the President signed a new law — the Thrift Savings Plan Enhancement Act of 2009
(P.L. 111-31, Division B, Title I) — which brings new benefits to many TSP participants and their
heirs. [...]

Automatic enrollment. Starting next spring, new Federal civilian employees will automatically
make payroll contributions of 3% to the TSP. Their agencies will send their contributions to
the TSP along with an additional 4% of their pay (Agency Automatic (1%) and 3% Matching
Contributions) each pay period, unless the employee opts out of contributing or elects to contribute
more or less. This will give new employees a chance to start saving early, receive agency
contributions (if FERS), and achieve potentially greater retirement savings.