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FEDERAL RETIREMENT THRIFT INVESTMENT BOARD
77 K Street, NE Washington, DC 20002

HRIFT SAVINGS PLAN

FOR IMMEDIATE RELEASE
May 3, 2012

FEDERAL RETIREMENT THRIFT INVESTMENT BOARD RECOGNIZES
PRESIDENTIAL MERITORIOUS RANK AWARD RECIPIENT

Washington, D.C. - The Federal Retirement Thrift Investment
Board Executive Director Greg Long today recognized Pamela-
Jeanne Moran (known as Penny), a recipient of the 2011
Presidential Meritorious Rank Award. This award, which is
given to a very select group of career senior executives
each year, is conferred by the President of the United
States and is given for sustained accomplishment.

“The leadership, drive, and integrity that Penny Moran
demonstrated has earned her one of the most prestigious
honors in government,” said Mr. Long. “Receiving the
Presidential Meritorious Rank Award is an honor not only
for Penny but for the entire Agency and we are truly proud
of her. This award is a fitting tribute to Penny, who
retired from the Agency at the end of February.”

Ms. Moran joined the Board, which administers the Thrift
Savings Plan (TSP), in December 1986, as a charter member
of the start-up staff with the title Deputy Director for
Automated Systems. In 1996, she was appointed Deputy
Director of External Affairs, and subsequently joined the
Senior Executive Service.

She was promoted to the position of Director of Participant
Services in August 2004 and was responsible for the TSP’s
communications and education programs, and all participant
services. Ms. Moran performed a broad overhaul of her TSP
responsibilities, refocusing program efforts to address two
key strategic goals: improved customer service and
increased TSP utilization.


Ms. Moran strove for continual improvement to Thrift
Savings Plan customer services and built an extremely
effective call center and form processing operation. She
also led the creation of timely, award winning participant
communication materials that have led to an increase of
more than 1 million participants and an additional $130
billion under management since 2004. Ms. Moran directed the
communications campaign that brought the uniformed services
into the TSP much more quickly and in greater numbers than
projected, providing an opportunity to more than 500,000
service members to better prepare for retirement.

Perhaps most importantly, Ms. Moran played a major role in
shaping the TSP into a model for the industry, playing a
significant role in the TSP’s extremely low expense ratio
of 2.8 basis points. By keeping TSP costs down, Ms. Moran
helped TSP participants and beneficiaries retire with
dignity and lived up to the mission of the agency.

The TSP is a retirement savings plan for Federal employees; it is
similar to the 401(k) plans offered by many private employers. As of
April 2012, TSP assets totaled approximately $313 billion, and
retirement savings accounts were being maintained for roughly 4.5
million TSP participants. Participants include Federal civilian .
employees in all branches of Government, employees of the U.S. Postal
Service, and members of the uniformed services. Additional information
can be found at www.tsp.gov.

MEDIA CONTACT:
Kim Weaver
202-942-1640

(end)