As of July 1, 2020, there are now ten Lifecycle (L) Funds to choose from instead of the five that were available. The Federal Retirement Thrift Investment Board added the additional L Funds so that the target dates are separated by only five years instead of ten, allowing TSP participants to more precisely target the time when their money will be needed. Six more L Funds have been added, and the L 2020 Fund, having reached its target date, has been rolled into the L Income Fund. If you decide to move your existing contributions to a new L Fund, you’ll need to log into your TSP account and request an interfund transfer. If you want to have your future contributions invested in a new L Fund, you’ll need to request a contribution allocation.
See the Additional Lifecycle (L) Funds Fact Sheet for more information.