More than 94% of federal employees under FERS participate in the Thrift Savings Plan (TSP). Those under CSRS are a much smaller group and the TSP is a smaller and generally less significant portion of their retirement income. But, even for CSRS participants, more than 76% participate in the TSP.
Various proposals are being made to change the TSP. One proposal is to expand the TSP program to millions of Americans and to provide a government match to create more wealth in the country—especially among those with a lower income.
Another proposal is to divest fossil fuels from TSP investments, either through new legislation or through executive action. Various other proposals have been made over time to modify the TSP.
Prior attempts to use the TSP to advance social change or political objectives have included:
- The “Federal Employee Socially Responsible Investment Act”;
- Using actively managed funds instead of index funds to give companies run by women and minorities a chance to earn fees from the TSP;
- Creating “terror-free international investment options” in the TSP;
- Creating a TSP fund to ensure gender diversity and empowerment
- Avoiding fossil fuels in TSP investments.
- Divesting fossil fuels in TSP investments.
What do federal employees think of proposals of this nature? Would recent proposals for the TSP win your approval or would you rather leave the existing structure in place?
The survey is now closed. We will post the results soon in an upcoming article on FedSmith.com. Feel free to also express your opinion in the comments section. Keep the FedSmith comment policy in mind when offering your opinions on any topic:
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