"...The pending debt-ceiling relief bill would end a financial maneuver under way involving the Thrift Savings Plan’s most popular investment fund, although the process might be repeated in a matter of months unless a longer-term fix is put in place, the TSP said Monday.
The Treasury has “disinvested” the TSP’s government securities fund, or G Fund, in effect taking that obligation off the books to avoid a default on the national debt. That maneuver has been used many times in similar situations; both the TSP and Treasury have said that as in the past, accounts continue to be credited with interest and there is no impact on loans or withdrawals.
“It is worrisome to the participants,” Executive Director Greg T. Long said at the TSP governing board’s monthly meeting. “The fund is made whole, but we would rather it not happen.”..."
