TSP: G Fund Balances Will Be Unaffected by Debt Ceiling

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By on February 11, 2014 in Pay & Benefits with 0 Comments

The Thrift Savings Plan issued the following statement on its web site in response to the Treasury’s statement that it would suspend retirement funding:

As of yesterday, February 10, 2014, the U.S. Treasury was unable to fully invest the Government Securities Investment (G) Fund due to the statutory ceiling on the Federal debt. However, G Fund investors remain fully protected and G Fund earnings are fully guaranteed by the Federal Government. This statutory guarantee has effectively protected G Fund investors many times over the past 25 years. G Fund account balances will continue to accrue earnings and will be updated each business day, and loans and withdrawals will be unaffected.

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Ian Smith is one of the co-founders of FedSmith.com. He enjoys writing about current topics that affect the federal workforce.