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Search Tags: Federal Retirement Thrift Investment Board
Returns for most of the basic Thrift Savings Plan basic funds continued inching up in July, with only the S Fund, pegged to stocks of small and medium-sized U.S. companies, dipping into the red for the month.
Thrift Savings Plan figures continued to climb in the early months of 2012, as all funds posted positive numbers for the month of February and for the year.
One senator is questioning why it took nine months for the Thrift Savings Plan board to find out about a sophisticated cyber attack that compromised 123,000 TSP participants' accounts. Sen. Susan Collins (R-Maine) also wants to know why Congress wasn't informed of the breach until more than a month after it was reported to the board.
All 10 Thrift Savings Plan funds finished the month of June with positive figures, ending a several month slide into the red. The I Fund grew from -11.40 percent in May to 7.08 percent on June 30.
Eight of the 10 Thrift Savings Plans posted negative numbers for the month of May, with the two funds posting positive numbers sliding slightly as well.
Six of the eight Thrift Savings Plans funds are down over the last month. The I and S funds have taken the biggest hits. The Federal Retirement Thrift Investment Board said the rollout of the Roth TSP option has been slow, but should pick up in the next few weeks.
Of the more than 8,200 respondents, 86 percent were satisfied with TSP, according to the survey by the Federal Retirement Thrift Investment Board.
Ever hear of a double-header brain drain? The government is losing two of its best to retirement this month. Odds are they've touched your life, whether you are in a federal agency or a foxhole 3,000 miles away, Senior Correspondent Mike Causey says.
Host Mike Causey is joined by Tom Trabucco, director of external affairs for Federal Retirement Thrift Investment Board, and Federal Times senior writer Stephen Losey.
February 1, 2012
Tags: pay and benefits , Tom Trabucco , TSP , Federal Times , Stephen Losey , pay debate , pay freeze , federal salaries , Congressional Budget Office , 401(k) , Mike Causey , Your Turn with Mike Causey
Tom Trabucco is the director of external affairs at the Federal Retirement Thrift Investment Board.