Political appointees and career civil service will be competing for money from the same bonus pool
Florida Congressman proposes to cut Congressional pay in response to 3.1% federal employee pay raise
The TSP’s C fund has been good to investors for two months in a row with a postive return of about 5.7% in November.
The stock market rebound in October 2002 is reflected in the results of the C fund. The F fund turned down slightly in response to pressure in the bond market.
Several readers have asked FedSmith.com about the risks of investing in bonds. Our advice: Investing in a bond fund is necessary to have a diversified investment portfolio.
The TSP’s C Fund had a positive return in October of more than 8%–the best return since the height of the bull market way back in 2000.
With the C Fund down more than 20% in the past twelve months, fund investors are looking for a respite. They may get one in October if the stock trend continues for the last several days of October.
C Fund Loses about 11% in September
The S&P Index results are now available for the past month and the past quarter. The C Fund is based on this index so readers can get a close idea of how their fund is doing now.
Costs of the FEHB continue to go up each year. The impact on retirees is significant and legislation is pending that may provide some relief. The long-term challenge to OPM will be to control costs and to balance benefits.