Collins to question TSP

The Thrift Savings Plan's procurement problems will be the subject of a Senate hearing.

Sen. Susan Collins (R-Maine), chairwoman of the Senate Governmental Affairs Committee, announced that she will investigate the TSP's contract for upgrading its computer systems and online interface for users. The effort, which cost $36 million between 1997 and 2001, did not result in a system upgrade. "That's an example of wasteful spending that should never be repeated," Collins said. The TSP's board terminated its contract with American Management Systems Inc. and hired a new contractor to build the system that was unveiled in June. During the two months of debugging the new system, the biggest problems were related to a faulty data communications link between the mainframe and the front-end communications system. But other bugs appeared, and the telephone system was swamped with as many as 100,000 calls in a single day. An estimated 2,000 to 4,000 TSP participants still have account problems related to the changeover, said Gary Amelio, executive director of the Federal Retirement Thirft Investment Board. Most of those problems will be fixed by early October, he said. He said he could not promise that they would not recur, but the system is working well fundamentally.

Featured

  • Workforce
    Former vice-president Joe Biden formally launches his 2020 presidential campaign during a rally May 18, 2019, at Eakins Oval in Philadelphia. (Matt Smith Photographer/Shutterstock.com)

    Biden promises to undo Trump’s workforce policies

    Democratic candidate pledges to appropriate permanent funding to feds in case of another shutdown.

  • People
    Federal CIO Suzette Kent

    Federal CIO Kent to exit in July

    During her tenure, Suzette Kent pushed on policies including Trusted Internet Connection, identity management and the creation of the Chief Data Officers Council

Stay Connected

FCW INSIDER

Sign up for our newsletter.

I agree to this site's Privacy Policy.