With Republicans now in control of both chambers of Congress, Federal employee compensation and benefit cuts are being eyed by lawmakers to help offset Federal budget spending in other areas. Changes may impact some or all of the roughly 4.6 million participants of the government’s $404 billion Thrift Savings Plan (TSP).
You can read more about the matter in this article: “Federal Retirement Benefits Likely Target for GOP“. (If you find the Pensions & Investment magazine report password-protected, let me know and I’ll email you a PDF.)
I’m pleased to announce that at the end of the year I’ll be spinning off TSP coverage in The Mutual Fund Strategist into its own dedicated newsletter, aptly called The TSP Strategist. Stay tuned for more details.