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08/11/08 - TSP New Custom User ID

To make logging into your account easier, you can now create a Custom User ID to use in place of your 13-digit TSP account number.  To do this, log into Account Access using your account number and Web password, then choose “Create/Modify Custom ID” from the Account Access menu.  Your custom ID is interchangeable with your TSP account number on the Web site — you can use your custom ID or your 13-digit TSP account number, along with your Web password, any time you log in to access your account.  Here are some of the advantages of creating your own custom ID:

  • It is an ID that you can remember more easily than your TSP account number;
  • It is effective immediately;
  • It is interchangeable with your TSP account number: you can still use your TSP account number any time you log in to access your account;
  • If you forget your custom ID, you can easily retrieve it by logging in using your 13-digit TSP account number.  When you select “Create/Modify Custom ID” from the Account Access menu, you will be able to view your current custom ID, and if you wish, change it to one that you can remember more easily;
  • If you believe that someone else may know your custom ID (along with your Web password), you can instantly create a new one by choosing “Create/Modify Custom ID” from the Account Access menu.  (You should also instantly change your Web password by choosing “Change Web Password” from the Account Access menu.)
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Posted by admin on 08/11/08 | Print This Post Print This Post
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07/30/08 - OPM Announces New Financial Systems Integrator

Washington, DC - The U. S. Office of Personnel Management (OPM) has chosen Accenture, LLP to be the agency’s new lead financial systems integrator. The choice of Accenture was made after a number of negotiation and market research sessions.

“We have worked long and hard to find a company that can meet our financial demands,” said OPM Director Linda M. Springer.

Accenture, as the lead systems integrator, will provide OPM with all required integration services, systems hosting, and software. It also will replace two principal financial systems, one supporting the Agency’s administrative funds (Revolving Fund and Salaries & Expenses Funds) and the other supporting the Trust Fund with a single integrated financial management system. Implementing a best in government standard solution for financial management will greatly improve OPM’s access to timely and accurate financial information.

In addition, the new system will be implemented to standardize and integrate financial and business management processes, improve program performance, mission support, and decision-making, while complying fully with all federal financial system standards and requirements.

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Posted by admin on 08/11/08 | Print This Post Print This Post
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05/29/08 - OPM SUSPENDS PORTION OF RetireEZ CONTRACT

Washington, DC - The U.S. Office of Personnel Management (OPM) today announced it has suspended work by Hewitt Associates on its part of the agency’s effort to modernize processing of Federal employee retirements. OPM issued a stop work order for the implementation of the calculation engine, one of the three components of the modernization project known as RetireEZ. In addition to the stop work order, OPM issued a show cause notice to Hewitt giving them 10 calendar days to respond to the performance issues OPM raised.

The other two components of RetireEZ, data conversion and change management, will continue unabated. Progress to date on those two components has already resulted in improvements in the Federal retirement processing. This foundation, when joined with a successful calculation engine, will enable all Federal employees to plan for and process their retirements electronically. Annuitants will not be adversely impacted by this action.

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Posted by admin on 08/11/08 | Print This Post Print This Post
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04/01/2008 - OPM Issues Report On Its New RetireEZ Program

Washington, DC- The U.S. Office of Personnel Management (OPM) yesterday released its first post-initial rollout report on its transformational retirement administration program RetireEZ. The report responds to recommendations made by the Government Accountability Office (GAO) and provides an expanded update on the initial rollout of the program.

On February 25, 2008, OPM successfully began the rollout of RetireEZ to Wave 1 employees, as planned. Approximately 26,000 employees in agencies serviced by the General Services Administration’s (GSA) payroll processing center are now covered under the new system.

Prior to RetireEZ, retirees in all three branches of government and the U.S. Postal Service could anticipate a period of interim reduced annuity payments upon commencement of their retirement. The decades old paper-based administrative process responsible for this poor customer service was destined to deteriorate with the onset of the pending retirement wave. Under RetireEZ, this practice is ending.

RetireEZ is now processing Wave 1 agency retirements that have occurred subsequent to the initial rollout. As a safeguard, all retirements continue to be calculated under a legacy process, which itself uses newly automated data files created as part of the modernization process.

“We are pleased to report the majority of cases that processed to date under RetireEZ matched the legacy calculation,” said OPM Director Linda M. Springer. “In all Wave 1 cases OPM paid full retirement benefits at the payment commencement date. No longer are retirees under the new system receiving interim payments and waiting for months until their actual payment amounts are calculated. This success is directly attributable to the transformation of millions of paper records to automated data that underlies the modernization. All Wave 1 new retirees are getting better service because of RetireEZ.”

OPM is building on this successful beginning for RetireEZ and will periodically migrate remaining functionality into the system when fully tested. Work also continues in support of adding agencies in Wave 2 and beyond, as well as the continued automation and cleansing of employee records.

The technology underlying RetireEZ is the Defined Benefits Technology Solution (DBTS), a best of breed private sector solution which is being modified to comply with Federal laws and regulations. OPM had previously pursued building its own system and spent considerable resources on this path. It also re-evaluated options and determined that this functionality could be purchased as a service yielding lower cost, lower risk, and better performance. Up to now, however, the lifecycle costs shown in the Retirement Systems Modernization (RSM) Office of Management and Budget Exhibit 300 included $69.6 M of non-FTE historical costs for that abandoned approach that were not related to the current RetireEZ approach.

The Exhibit 300 now correctly presents non-FTE project costs as planning and acquisition cost of $106.53 M and operations and maintenance cost covering the period through 2016 of $254.19 M

“RetireEZ is already improving service for Federal employees and its benefits will expand to future retirees as the rollout continues,” Springer said. “That is the ultimate measure of success.”

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Posted by admin on 08/11/08 | Print This Post Print This Post
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