Involve Congress in Your TSP Investments?

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By on October 13, 2018 in Pay & Benefits with 0 Comments

Congressional Capitol building in Washington, DC with a spread of cash pictured over and behind it depicting government spending

A recent article on FedSmith.com outlined a legislative proposal to establish a socially responsible fund in the Thrift Savings Plan (TSP). The article also outlined previous proposals to establish funds in the TSP to meet political or social objectives. (See “Climate Choice” and Your TSP Investments)

How do readers feel about these attempts to create new funds to meet social or political objectives? Almost 2,400 people took our survey on this topic. Generally, readers were strongly opposed to attempts by Congress to make legislative changes to the TSP along the lines of what was proposed.

The results of this survey are very similar to a survey from 2007 when we asked readers some of the same questions. There have been legislative proposals from a few in Congress since 2007 to “improve” the Thrift Savings Plan and using the money in the program to create social or political changes reflecting the interests of the Congressional representative making the proposal.

Survey Results

Here are the results of the latest survey.

Does Congressional involvement in making TSP policy make you more or less confident in the security of your TSP retirement funds?

  • More Confident – 2%
  • Less Confident – 92%
  • No Difference – 6%

Do you support the bill in Congress to create a “climate choice” fund in the TSP?

  • Yes – 18%
  • No – 65%
  • Undecided – 17%

Would you prefer to see the TSP invest more in funds set aside for “socially responsible” companies?

  • Yes – 28%
  • No – 72%

Should Congress decide or legislate companies deemed acceptable for TSP fund investment?

  • Yes – 6%
  • No – 94%

Reader Comments

There were about 400 comments on the original article about the latest Congressional proposal to add a new fund to the TSP and the introductory article to this survey. While many of the comments diverted on to other issues, here are a few of the comments that reflect the thoughts of some readers.

Thanks, and Feel Free to Comment

We thank everyone who elected to participate in this survey. Readers are invited to add any comments on the subject of changing the TSP at the end of this article.

© 2018 Ralph R. Smith. All rights reserved. This article may not be reproduced without express written consent from Ralph R. Smith.

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About the Author

Ralph Smith has several decades of experience working with federal human resources issues. He has written extensively on a full range of human resources topics in books and newsletters and is a co-founder of two companies and several newsletters on federal human resources. Follow Ralph on Twitter: @RalphSmith47

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