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Shows & Panels
Search Tags: Federal Retirement Thrift Investment Board
Bob Leins and Tammy Flanagan host a round table discussion of the Thrift Savings Plan and what's ahead for the TSP this year.
January 7, 2013
In the 25 years since the Federal Employees Retirement System went into effect, much has changed when it comes to federal retirement. Tom Trabucco, the former longtime director of external affairs at the Federal Retirement Thrift Investment Board, and Judy Park, the former legislative director of the National Active and Retired Federal Employees (NARFE) Association, joined Your Turn with Mike Causey for a look back at the creation of FERS and how it has evolved over the years.
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.