2011 a 'mixed bag' for TSP
Tuesday - 1/3/2012, 4:20pm EST
Tom Trabucco, director of external affairs, Federal Retirement Thrift Investment Board
Federal News Radio
@jmooreWFED
Federal employees (401)k-style retirement plans posted varied returns over the past year.
The Federal Retirement Thrift Investment Board, which oversees the Thrift Savings Plan, announced the year-end TSP numbers Tuesday.
Tom Trabucco, the director of external affairs at the board told In Depth with Francis Rose, 2011 was "a mixed bag" for TSP returns.
The G Fund, which invests in Treasury securities and has the highest rates of participation, and the C Fund, which is tied to the performance of the S&P 500, both posted modest gains for the year.
The F Fund, which tracks a broad index of government and corporate bonds, posted the largest gain for the year at nearly 8 percent.
"A stellar performer and a consistent performer I must say if you look back over the last five or six years," Trabucco said of the F Fund.
The I Fund, which tracks international stocks faced a sharp downturn at the end of 2011, which Trabucco said makes sense given the debt crisis in Europe.
The Lifecycle funds, which invest in a combination of the common index funds and are "tailored" to meet retirement target dates, also posted mixed gains. The L Income posted a 2.23 percent gain and the L 2020 (for federal employees looking to retire between 2015 and 2024), was up only slightly for 2011 — 0.41 percent.
The L 2030 and L 2040, with retirement targets surrounding those dates, ended in the red for 2011.
December TSP returns
| Fund | G Fund | F Fund | C Fund | S Fund | I Fund |
|---|---|---|---|---|---|
| Month | 0.15 % | 1.01 % | 1.04 % | -0.04 % | -2.03 % |
| 2011 | 2.45 % | 7.89 % | 2.11 % | -3.38 % | -11.81 % |
| L Funds | L Income | L 2020 | L 2030 | L 2040 | L 2050 |
|---|---|---|---|---|---|
| Month | 0.20 % | 0.11 % | 0.09 % | 0.07 % | -0.01 % |
| 2011 | 2.23 % | 0.41 % | -0.31 % | -0.96 % | NA |
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