The impact of the Federal Workforce Reduction Act

If some House Republican lawmakers have their way, the federal government would never replace retiring feds when they retire.

This is just one of the provisions of HR 5348, The Federal Workforce Reduction Act.

The bill is just one of a package of bills introduced in the House as part of the GOP’s Cut Spending Now initiative.

Federal News Radio’s Max Cacas has been looking into this legislation and brings us the latest today.

THRIFT SAVINGS PLAN TICKER

May 23, 2022 Close Change YTD*
L Income 22.6037 0.0907 -3.32%
L 2025 11.3995 0.0801 -6.04%
L 2030 39.2599 0.3933 -8.58%
L 2035 11.6874 0.1278 -9.48%
L 2040 43.8601 0.5203 -10.33%
L 2045 11.9207 0.1506 -11.10%
L 2050 25.9344 0.3486 -11.80%
L 2055 12.5368 0.2074 -13.56%
L 2060 12.5359 0.2073 -13.56%
L 2065 12.5348 0.2072 -13.57%
G Fund 16.8757 0.0042 0.65%
F Fund 18.9370 -0.0757 -9.33%
C Fund 60.3446 1.1064 -12.91%
S Fund 63.8646 0.6129 -18.83%
I Fund 34.5341 0.5981 -12.73%
Closing price updated at approx 6pm ET each business day. More at tsp.gov
* YTD data is updated on the last day of the month.