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7:41 am, September 1, 2014

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As assets grow, TSP resists calls for change from Congress

Boosted by a recovering economy and a booming Wall Street, assets in the Thrift Savings Plan have continued to climb. Since reaching $400 billion in February the highest amount ever recorded assets under TSP management grew to more than $412 billion by the end of last month. But as total assets have increased, so have calls to tweak the program that's provided federal employees with 401(k)-style retirement accounts since 1987. Still, the TSP has consistently resisted calls to modify its simplified, tried-and-true structure.

Tags: workforce , TSP , pay and benefits , retirement , Kim Weaver , Jack Moore

Monday - 06/23/2014, 04:07pm EDT