Federal Managers Association

In the News

• Domestic TSP funds tumble amid government layoffs, tariff threats - April 2, 2015

• Most of the portfolios in the federal government’s 401(k)-style retirement savings program finished March in the red.

  Erich Wagner, Government Executive

  Returns on the federal government’s 401(k)-style retirement savings program took a dive last month, with the Thrift Savings Plan’s two core domestic investment funds finishing March in the red, while two others treaded water.

  The downward trend comes as the Trump administration has worked to fire thousands of federal employees across government and across the country, and as the president weighs implementing tariffs across broad swathes of the economy.

  The TSP’s G Fund, which is made up of government securities, saw the best performance, growing by its statutorily mandated rate of 0.37% last month. So far this year, the G Fund has grown 1.12%.

  To read the full article, click here.

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