Get more! Sign up for PLANSPONSOR newsletters.
Benefits September 11, 2007
TSP Participants to no Longer Use Social to Access Accounts
September 11, 2007 (PLANSPONSOR.com) - The Federal
Retirement Thrift Investment Board has announced that
starting October 1, Thrift Savings Plan (TSP) participants
will begin using account numbers in place of Social Security
numbers to access their accounts online.
Reported by Rebecca Moore
In addition, according to Govexec.com, participants will begin using passwords in place of 4-digit personal identification numbers in conjunction with the new account numbers for online transactions. The Web announcement said Social Security numbers will still be used in some situations, such as to help service representatives further verify participants’ identities.
In June, Mark Hagerty, the TSP’s chief information officer, announced the change from Social Security numbers along with other enhanced security measures (See TSP Takes New Measure to Enhance Data Security ).
After an e-mail hoax in March guided participants to a TSP look-alike Web site and asked for social security numbers and PINs (See Scammers ‘Phish’ for TSP Participant Info ), the National Security Agency entered into a working relationship with the Secret Service on information security efforts.
The text of the rule implementing the change is here .
« Fidelity, Sungard Introduce New Trading and Custody Platform Services