Symbiotic Success: DHS’s Small Business Innovation, Record TSP Contributions, and Celebrating Service
Description
On this episode of Fed Gov Today, we dive into the exciting developments shaping federal government programs and initiatives. First, we explore the Department of Homeland Security’s new Phase Zero initiative, aimed at building a symbiotic relationship between small businesses and the agency. Dusty Lang, Director of the Small Business Innovation Research (SBIR) program at DHS Science and Technology, discusses how the program fosters innovation by offering non-dilutive funding to small businesses, while DHS gains cutting-edge technologies to meet its mission needs. Dusty shares insights from the program’s recent symposium and its continued efforts to bridge knowledge gaps for new applicants, ensuring that small businesses can effectively partner with the agency.
Next, we take a closer look at the Thrift Savings Plan (TSP), where new contribution limits for 2025 are set to allow participants to save more than ever before. Kim Weaver, Director of External Affairs at the Federal Retirement Thrift Investment Board, outlines the changes, including increased catch-up contributions for participants aged 60-63 and the benefits of a more streamlined contribution process. Kim also provides updates on the I Fund’s index transition and the upcoming Roth in-plan conversion option, set to launch in 2026. She highlights the importance of these changes in helping participants maximize their retirement savings.
The episode also marks a bittersweet moment as Kim Weaver announces her retirement after 13 years of service in her role. Francis reflects on Kim’s impactful career and her dedication to providing clear and valuable information to federal employees and retirees. Kim expresses her gratitude for the opportunity to serve and introduces her successor, James Kaplan, who will carry forward the mission of supporting TSP participants.
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