Sep 25, 2012

TSP Board Approves Fiscal 2013 Budget

"...The Federal Retirement Thrift Investment Board approved a $170.5 million fiscal 2013 budget Monday, a figure that exceeds last year’s budget by $27 million and could increase during the year...

The board said this summer that it anticipates managing an additional 4.4 percent in TSP assets by fiscal 2017 and growing the size of its budget by 25 percent to accommodate an increasing number of federal retirees, more investment options -- such as the new Roth offering -- and more participants withdrawing partial amounts from their accounts in the next five years."

Read more at GovExec.com

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