Deadbeat Federal Employees

If you owe child support payments, it may be coming out of your Thrift Savings Plan account. The Federal Times reported TSP was garnishing the savings of federal employees who were behind in their payments. TSP was processing more than 1,100 child-support court orders a month. While TSP's managers have had this power for a long time, they haven't always used it. But in 2010 they signed a memo of understanding with the Health and Human Services Department. The Federal Retirement Thrift Investment Board estimates 35,000 participants are behind on child support.