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Most TSP portfolios stumbled in August

'...The only fund in the federal government’s 401(k)-style retirement savings program that finished last month in the black was the G Fund, which increases at a statutorily mandated rate each month. ...The Thrift Savings Plan’s G Fund, which is made up of government securities and grows at a statutorily mandated rate each month, gained 0.35% in August, bringing its gains since January to 2.62%. But every other fund in the program fared worse. The small- and mid-size businesses of the S Fund saw the worst declines...'

Reference: www.govexec.com
Tags: G Fund,TSP,Bidenomics,

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White House Revives Retirement Cuts in 2020 Budget Proposal

'...do away with the FERS supplement for workers forced to retire before age 62, when Social Security kicks in. The Trump administration also proposed reducing payments to retirees by basing annuities on the average of workers’ highest five years of salary...'

Reference: www.govexec.com
Tags: Destruction of America's Working Class, The destruction of FERS benefits, FERS, TSP, G Fund, FERS supplement, Special Retirement Supplement (SRS), Employers with High Rates of Employed Military Veterans Being Attacked,

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