Jun 26, 2012

TSP Expects Budget Growth As More Feds Retire

"...The Federal Retirement Thrift Investment Board anticipates managing an additional 4.4 percent in Thrift Savings Plan assets by fiscal 2017 and growing the size of its budget by 25 percent.

The board also expects more federal retirees, more options -- such as the new Roth offering -- and more participants withdrawing partial amounts from their accounts in the next five years, said Kim Weaver, TSP’s director of external affairs...

There are currently 4.5 million TSP account holders, including participants in the Federal Employees Retirement System, Civil Service Retirement System and uniformed services. FERS and CSRS membership have remained steady over recent months; the number of uniformed service members participating is climbing slowly..."


Read more at GovExec.com

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