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10/30/24: Boosting TSP Confidence, Navy Audit Milestone, and Preparing the Defense Industry for Tomorrow
Manage episode 447608644 series 3423864
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On this edition of Fed Gov Today, we dive into major developments across federal initiatives that impact both federal employees and national defense. Kim Weaver, Director of External Affairs at the Federal Retirement Thrift Investment Board, joins to discuss a 44% increase in TSP roll-ins, a sign of growing participant confidence. She also highlights record-high matching rates and the impact of auto-enrollment on maximizing participant savings, especially among active-duty personnel. Russell Rumbaugh, Assistant Secretary of the Navy for Financial Management and Comptroller, details the Marine Corps’ recent clean audit opinion—a significant milestone in defense audit progress. Rumbaugh shares insights into the Navy's broader audit journey, emphasizing the critical role of leadership and collaboration to break down "stovepipes" that hinder audit success. Dr. Jerry McGinn, Executive Director of the Baroni Center for Government Contracting at George Mason University, explores the state of the defense industrial base (DIB) through four case studies: WWII, the MRAP program, COVID-19, and support for Ukraine. Catch more insights and expert interviews on Fed Gov Today, with new episodes every Wednesday. Visit FedGovToday.com for additional resources and links
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