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Federal Employees News Digest : July 8, 2013
July 8, 2013 Vol. 62, No. 49 8 Visit us on the Internet at www.FederalDaily.com Thrift SavingsPlanSharePrices FUNDS JULY 1 ONE MONTH AGO ONE YEAR AGO G Fund F Fund C Fund S Fund I Fund Lifecycle Funds L Income L 2020 L 2030 L 2040 L 2050 Register free to get rates of return and other TSP info at: www.FederalDaily.com/pages/resources/thrift-savings-plan.aspx 14.1295 14.1090 13.9288 15.6513 15.8887 15.7214 20.6325 20.7981 17.0178 28.5244 28.4532 22.4173 21.8917 22.2837 18.2198 16.1680 16.1905 15.3601 19.9988 20.1003 17.8326 21.0983 21.2359 18.3367 22.0179 22.1845 18.7779 12.2937 12.4002 10.2972 Federal Benefits Q&A Question: "I'm a CSRS postal worker who will retire at 57 years of age with 35 years of service. I have a $3,000 loan from my Thrift Savings Plan account. If I pay off the loan and then retire, will I be able to withdraw money from my TSP account without penalty?" Answer: Keep in mind that paying off your TSP loan and withdrawing your TSP without penalty are two separate issues. First, with respect to your TSP loan, you have up to 90 days following your retirement date to repay your TSP loan in full. Second, because you will be at least age 55 when you retire from federal service, you can start making penalty-free monthly withdrawals from your TSP account anytime following the 30-day period after you retire from federal service. Once these monthly withdraw- als begin, they must continue. Readers are encouraged to ask questions related to general employee benefits---such as CSRS, FERS, the Thrift Savings Plan, tax and estate planning, insurance, Social Security and Medicare---at the "Federal Benefits Q&A" at www.FederalSoup.com. Senate gives nod to GSA leader The Senate last month approved the president's nominee to fill the top spot at the General Services Administration. The new director of the agency, Dan Tangherlini, has served as GSA's acting administrator since his appointment to that post a year ago by President Obama. Tangherlini assumed his post as acting administrator in the wake of revelations that a GSA component had spent lavish sums on a conference and related activi- ties. Tangherlini launched a comprehen- sive top-to-bottom review of the orga- nization, and is credited with improve- ments at the agency. "We have made real progress at a time when the mission of our agency has never been more important," Tangherlini said in testimony at his nomination hearing before the Senate Homeland Security and Governmental Affairs Committee. "Today, as budgets tighten, GSA is uniquely positioned to help federal agen- cies get better outcomes from their pro- gram dollars by leveraging the scope and scale of the federal government to deliver common sense solutions and significant savings." To see more, go to: www.gsa.gov/portal/ content/173615. Tricare portal provides records access Tricare beneficiaries who obtain care at military clinics and hospitals can download a summary of their health data by using the health insurance orga- nization's online portal. The health data---including lab results, medications, allergies and prob- lem lists---is available to users through the "Blue Button" at www.tricareonline. com. The information comes via a secure Defense Department patient portal, in a standard-format continuity of care document (CCD) that can be shared with other health care systems, includ- ing non-DOD systems, according to Tricare. The information also can be downloaded as a PDF. To access the portal, go to: https:// www.tricareonline.com/portal/page/por- tal/TricareOnline/Portal. continued from page 5
July 1, 2013
July 15, 2013