"...Six of the eight Thrift Savings Plan funds are down over the last month as global economic problems reverberate into the government's retirement accounts.
The I fund is likely to take the biggest hit in May as it's already down by $1.63 over the last month.
"You read the papers now and given the things going in Spain, Greece and the overall eurozone, that is obviously creating quite a churn in the market," said Kim Weaver, the director of External Affairs for the Federal Retirement Thrift Investment Board (FRTIB), in an interview with Federal News Radio.
Along with the I fund, three other investment accounts are down by more than a dollar since May 1: the S fund is down $1.60; the L2040 fund is down by $1.04; and the C fund is down $1.09..."
The I fund is likely to take the biggest hit in May as it's already down by $1.63 over the last month.
"You read the papers now and given the things going in Spain, Greece and the overall eurozone, that is obviously creating quite a churn in the market," said Kim Weaver, the director of External Affairs for the Federal Retirement Thrift Investment Board (FRTIB), in an interview with Federal News Radio.
Along with the I fund, three other investment accounts are down by more than a dollar since May 1: the S fund is down $1.60; the L2040 fund is down by $1.04; and the C fund is down $1.09..."
