Petition Filed Asking to Leave G Fund Out of Debt Limit Fight
A petition has been filed asking the administration to stop withholding payments to the G fund.
If you are a federal employee, you may be wondering how to plan for your retirement and make the most of your Thrift Savings Plan (TSP). The TSP is a tax-advantaged retirement savings plan that allows you to invest in various funds and options, depending on your risk tolerance and goals. On this tag page, you will find articles and resources that will help you understand the benefits and features of the TSP, as well as tips and strategies to increase your investment returns and secure your future income. You will also learn about the latest news and updates on the TSP performance, fees, withdrawals, and more. Whether you are just starting your federal career or are near retirement, these articles will provide you with valuable information and guidance on how to make the best use of your TSP.
A petition has been filed asking the administration to stop withholding payments to the G fund.
Treasury Secretary Timothy Geithner said that the government has begun borrowing from the federal employee pension fund to keep operating without passing the approaching debt limit.
The TSP is examining the possibility of adding a Roth conversion option for participants.
TSP Executive Director Greg Long said in a recent letter to TSP participants that in the event of hitting the debt ceiling, it is possible that the government can use money from the G fund to help pay the federal debt.
TSP investors can look back at 2012 and feel good about their TSP investments as all of the funds provided a positive return.
In addition to the pay freeze that has been in effect for some time, federal employees are also helping with the government’s spending problem through the involuntary use of the G fund. Here is how that works and how the scenario is likely to play out when all is said and done.
How will your investment in the G fund and your federal retirement funds be used if there is no resolution on the debt ceiling?
Some incorrect information about the I Fund in the article “Wizard of Odds” raised a number of questions when it was published earlier this week. The author offers the correct information and some clarification.
Many federal employees may be wondering, “How do I protect my savings in the TSP and get a better return?” The author offers some likely scenarios for the near future, but cautions there are no foregone conclusions.
The Federal Retirement Thrift Investment Board has announced that it has selected BlackRock Institutional Trust Company as the investment manager for the F Fund.