TSP system readies June launch
After many delays, the Thrift Savings Plan's new recordkeeping system is scheduled for a mid-June launch. In March, Lawrence Stiffler, director of automated systems for the Federal Retirement Thrift Investment Board, which manages the TSP, said June looks "pretty good" for the new system launch. At an April 28 board meeting, he repeated his statement.
A team led by Materials, Communications and Computers Inc. found only minor cosmetic bugs in the system and no software problems to hinder implementation, Stiffler told the board, according to a board spokesman. The new system will give TSP participants access to new features such as daily account valuations, quarterly participant statements and electronic deposits of loans or withdrawals that are not associated with individual retirement accounts.
GAO: DOD should share what it knows
The Defense Department is doing a good job of applying commercial best practices to its information technology outsourcing programs, but officials should do a better job of sharing and using those lessons learned, according to a General Accounting Office report released April 25.
The GAO report noted that if DOD officials could capture how they applied industry best practices, the information could help agencies working on their own outsourcing projects. The report acknowledged that developing a lessons-learned mechanism would not be easy and said senior management support and resources are keys to success.
Among other recommendations, the GAO report said DOD should allocate resources for creating an electronic system for capturing and disseminating such information.