The Thrift Savings Plan Will Reservists Participate

Download or read book The Thrift Savings Plan Will Reservists Participate written by and published by . This book was released on 2000 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Federal Thrift Retirement Investment Board conducted a cost analysis and concluded that extending TSP participation to members of the part-time Ready Reserve would be wasteful and a bad idea because the cost of administering a large number of small accounts would be extraordinarily high. The Board recommended that part-time reservists be excluded from participation. The Office of the Secretary of Defense (Reserve Affairs and Compensation, jointly) requested that the analysts working as part of the 9th Quadrennial Review of Military Compensation (QRMC) study this issue. This briefing summarizes our analysis in response to that request. The analysis was conducted within a short time-frame and uses available data sources to estimate the number of part-time reserve participants and their annual expected account contribution. The briefing concludes by offering several policy options.