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
For TSP investments, most play it safe
Monday - 10/18/2010, 8:00pm EDT
In tough economic times, "a lot more people are going to remain cautious for a longer period of time," Tom Trabucco, director of external affairs for the Federal Retirement Thrift Investment Board, said in an interview with the DorobekINSIDER.
In September, the Thrift Saving Fund was at an all-time high of $264 billion, with two-thirds of the investment in the G and C Funds ($116 billion in the G Fund and $61 billion in the C Fund).
The newer S and I Funds are "well-received," Trabucco said, but don't come close to the G and C. The S Fund has $18 billion and the I has $17 billion.
Automatic enrollment results
Starting in August, all new hires were automatically enrolled in the TSP's G Fund at a three percent contribution rate.
More than 18,200 participants were enrolled under the new automatic enrollment, and 5,400 signed up on their own.
About 7,000 were automatically enrolled but either opted out of automatic enrollment because they wanted to switch from the G Fund to another fund, or they wanted to increase their contribution.
The agency puts in a 1 percent contribution and will match an employee contribution up to 3 percent. At 4 and 5 percent employee contribution, the agency matches 50 cents to the dollar. Therefore, an employee who puts in 5 percent will get a 5 percent match from their agency.
Uniformed services enrollment lower than FERS
Overall, 29 percent of uniformed services are enrolled in TSP, compared to more than 83 percent for FERS employees.
There are two main reasons for the lower rates for uniformed services: The military was not allowed to enroll until 2002, and these departments do not receive the matching contribution, Trabucco said.
"It's not an integral part of their retirement program as it is to FERS employees. What it is is an add-on," he said.
Active-duty sailors are "leading the pack," enrolling at more than 57 percent. The Navy was an early backer of TSP for its members, Trabucco said.