Auto-enrollment for new hires into the Thrift Savings Plan has increased participation in the government’s 401-k like system over the last few years. When new employees are hired, they are automatically enrolled in the TSP’s G-Fund, the safest fund made up of government securities. At a recent meeting of the Federal Retirement Thrift Investment Board, which runs the TSP, an idea was raised to switch the default fund which new hires are enrolled in. Instead of putting money into the G-Fund, participants would be enrolled in an appropriate Lifecycle Fund. The L-Funds get less risky as participants get closer to retirement age. Greg Long, executive director of the Board, spoke with Tom about the idea of changing automatic enrollment.