Shows & Panels
- The 2014 Big Picture on Cyber Security
- AFCEA Answers
- Ask the CIO
- Building the Hybrid Cloud
- Connected Government: How to Build and Procure Network Services for the Future
- Continuing Diagnostics and Mitigation: Discussion of Progress and Next Steps
- Federal Executive Forum
- Federal Tech Talk
- The Future of Government Data Centers
- The Future of IT: How CIOs Can Enable the Service-Oriented Enterprise
- The Intersection: Where Technology Meets Transformation
- Maximizing ROI Through Data Center Consolidation
- Moving to the Cloud. What's the best approach for me
- Navigating Tough Choices in Government Cloud Computing
- The New Generation of Database
- Satellite Communications: Acquiring SATCOM in Tight Times
- Targeting Advanced Threats: Proven Methods from Detection through Remediation
- Transformative Technology: Desktop Virtualization in Government
- The Truth About IT Opex and Software Defined Networking
- Value of Health IT
- Air Traffic Management Transformation Report
- Cloud First Report
- General Dynamics IT Enterprise Center
- Gov Cloud Minute
- Government in Technology Series
- Homeland Security Cybersecurity Market Report
- National Cybersecurity Awareness Month
- Technology Insights
- The Cyber Security Report
- The Next Generation Cyber Security Experts
Shows & Panels
TSP options could expand in 2011
Tuesday - 1/4/2011, 5:11pm EST
"The flexibility is there," said Tom Trabucco, director of external affairs at the Federal Retirement Thrift Investment, in an interview with Federal News Radio's Mike Causey.
When the TSP started in 1986, the only investment option was the G Fund, Trabucco said. A couple years later, the C and F Funds were added and later the S, I and L Funds, he said.
"The willingness to look at what's going on in the market and take advantage of anything new, consistent with the investment philosophy of the fund, will help federal employees," Trabucco said.
Beyond 2011, the TSP will see changes from two final provisions in the Thrift Savings Plan Enhancement Act of 2009. One, the introduction of a Roth option, will be implemented in the first quarter of 2012, Trabucco said.
The other, a mutual fund window, has been authorized but no timeline has been set yet, he said. This option would give participants a window to invest in "more narrow or exotic investments" where the cost will not be borne by other participants, Trabucco said.
"The way we expect it would work is we would come up with a contractual arrangement with an investment firm that offers its platform and its array of various investments, and then what you could do is take some funds out of TSP and send it to that platform for investment," Trabucco said.
As the new Congress meets for the first time Wednesday, Trabucco said it is unclear what the agenda will be for federal employee retirement benefits.
Under the last Congress, a bipartisan proposal was introduced to allow contributions from terminal, unused annual leave into the TSP, similar to plans in the private sector, Trabucco said. This proposal had an estimated cost of $317 million, and a cost-offset was not identified during the last Congress, he said.
"But it's still an issue that's out there," Trabucco said.