The Thrift Savings Plan has something federal agencies don’t have. The Federal Retirement Thrift Investment Board approved a $219 million budget for the coming year. In Depth with Francis Rose told Kim Weaver, director of External Affairs at the TSP, that TSP participants are probably jealous of her agency since it’s budget is already in place.
Congress has its eye on the G-Fund again. Some members want to change the way the rate of return is figured. One version of the federal budget in the House estimates savings up to $32 billion to fund other programs. But, members of the Employee Thrift Advisory Council are warning those changes could cause people to get out of the TSP altogether. Jessica Klement, legislative director of the National Active and Retired Federal Employees Association, joined In Depth with Francis Rose to talk about the proposed legislation.
Do you ever worry about running out of money once you’ve retired? Senior Correspondent Mike Causey says it’s not a problem for most federal workers.
Are you having recurrent nightmares about your Thrift Savings Plan? Senior Correspondent Mike Causey says the bad news is that you aren’t dreaming.
Only the G Fund, which buys nonmarketable Treasury security, posted positive returns for August. The remaining Thrift Savings Plan funds posted negative numbers across-the-board.
The Thrift Savings Plan saw across-the-board growth in July, except for a downturn in the international stocks S fund.
At its monthly meeting on Monday, the Federal Retirement Thrift Investment Board made two decisions that could have a big impact for federal employees participating in the Thrift Savings Plan.
Many private sector types claim they would lop off a key part of their anatomy to be in the Thrift Savings Plan, says Senior Correspondent Mike Causey.
How many states prohibit 70-year-old men from wearing Speedo bathing suits in public? Senior correspondent Mike Causey has the surprising answer.
House Republicans have dealt a blow to a proposed rule that advocates say would help federal employees and retirees avoid costly investment mistakes.