In the midst of financial turmoil, the February inflation rate has been released. Inflation is still a problem but the impact of the turmoil remains to be seen.
In August 2022, GAO accepted a request to investigate TSP website problems. An interim GAO statement cites problems and an estimated date for a final report.
An ESG bill introduced by a California Congressman would place the TSP (and its $760 billion of assets) in a political controversy on investing in ESG funds.
An analysis of recent data suggests the Biden administration’s focus on racial equity may be working to reduce federal pay raises for White employees.
TSP performance is down in February 2023 but still up for the year-to-date. One TSP management advisor sees a “growth recession” ahead.
Readers have reported unhappy experiences with the new TSP website. Here is a summary of improvements that are on-going and planned for the near future.
The 2023 inflation rate will impact next year’s COLA and TSP balances. Here is the latest information on 2023 inflation and the 2024 COLA.
The GAO has issued a decision impacting the federal labor relations program. The FLRA general counsel was found by GAO to be serving in violation of the law.