Federal Employees’ Thrift Saving Plan Suffered Declines in May and June

Tracey Ray, chief federal Retirement Thrift Investment Board investment officer, reported at a board meeting July 19 that after a “pretty bad month in May” for market performance, June appeared more positive for investments in the Thrift Savings Plan.

External Affairs Director Thomas Trabucco reported to the board on the recent meeting of the Employee Thrift Advisory Council. Issues the council addressed included legislation (H.R. 4865) (53 PBD, 3/22/10; 37 BPR 619, 3/23/10) that would allow federal employees to deposit pay for unused annual leave at termination of federal service into their TSP accounts; imposing a statute ...