Tag Archives: TSP History
The C Fund and F Fund turned 25 this month. The funds first opened and began accepting investments in January 1988, and they have been growing ever since. While the Thrift Savings Plan turned 25 last April, it only had one investment option in the first year: the G Fund. The C Fund and F Fund turned out to be slightly more complicated to implement than originally expected, thus accounting for the slight age difference. As of the end of … moreComments Off on Happy 25th Birthday C Fund and F Fund!
In addition to its most recent audit on security, the advisory firm KPMG has completed at least seven audits of TSP-related topics in the past four years. Two audits – both of which at least tangentially discussed Serco – stand out, given the issues related to the Serco information leak reported earlier this year and in light of the July 2012 audit. And curiously, these two audits that touched upon Serco also appear to be incomplete—they are missing the Agency’s … moreComments Off on Previous TSP Audits Discussed Security Related to Serco Services
The TSP as of the end of May held over $305 billion in assets, according to official Federal Retirement Thrift Investment Board (FRTIB) figures. About 44% of that amount, or approximately $132 billion, is invested in the stock funds. This includes investments held directly by TSP participants in each of the stock funds (the C Fund, the S Fund, and the I Fund), and those held indirectly in the L Funds (the Income Fund, the 2020 Fund, etc). The massive … more1 Comment
While this site is devoted to the Thrift Savings Plan, the issue of government pensions and other compensation have received a lot of discussion of late. Pensions and TSP benefits go hand-in-hand, but debates have focused primarily on possible reforms of pension programs. It is interesting, therefore, to briefly explore the history of government pensions to gain some perspective on where the programs stand now. Below is a short history of the federal government pensions, drawing first from a 1995 … more1 Comment
As expected, annuity rates have fallen again, to a new rock-bottom 1.875%. This continues a three-year continuous decline from almost 5% in early 2008 to under 2% this month. And given the historically low rates on U.S. treasury bonds in general (annuity rates tend to track U.S. treasury bonds), there are no signs that rates will go back up again anytime soon. The latest low continues what has been a 20+ year trend in declines in the TSP annuity rates. … moreComments Off on TSP Annuity Rate Falls to a Record Low