Dear AFGE Activist,

Please review the important information below regarding the planned down time for the Thrift Savings Plan (TSP).

• Note: The following is informational only. Nothing herein constitutes financial planning or retirement advice nor is it intended to provide advice of any kind. You should consult a certified financial planner or other qualified professional if you seek individualized advice or have financial planning or retirement questions.

The Federal Retirement Thrift Investment Board (FRTIB) has announced planned Thrift Savings Plan (TSP) down time to allow for a transition to its new recordkeeper.

During the transition period, participants’ funds will remain invested in the TSP funds that were elected. The transition period begins on May 16, 2022 and ends the first week of June. Toward the end of the transition period, the FRTIB will suspend all TSP transactions for several days beginning on May 26, 2022. Access to My Account and the ThriftLine will be suspended during this time in order to add new features to enhance the ways participants manage their TSP account.

The FRTIB encourages TSP participants to consider whether this transition period will affect their retirement planning, especially if they are planning to request any transactions during May of 2022. While current TSP investments will remain active during this transition period, the FRTIB will need to temporarily suspend investment changes toward the end of the transition period, beginning May 26. TSP participants will not be able to change their investment choices during this brief time. TSP participants should review their current investment choices and make sure they still align with individual retirement goals.

Planned down time for each transaction type varies; information about the transition and the new features that will be available to TSP participants can be found at: https://www.tsp.gov/new-tsp-features/.

In Solidarity,

AFGE

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