*The Thrift Savings Plan budget is to manage employee accounts is $142 million.
*Currently all of our voluntary retirement contributions are required to be handled through the Thrift Savings Program unless we quit or retire.
* The TSP has limited investment options which have shown poor returns over the past 10 years.
* Private investment companies offer many more options and chances of better returns.
*This proposal would give employees the option (not requirement) of investing in a mutual fund/brokerage of their own choosing instead of being restricted to the G/C/I/F/S funds of the Thrift Savings Plan.
*Employees could remain in the G/C/I/F/S funds of the TSP or they could move their funds to a private mutal fund such as Vanguard, Fidelity,etc.
*This option would give current employees the same option to choose as a federal retiree.