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Obama Looks to TSP to Create New Retirement Savings Plan for Private Sector
Government Executive
Jan. 31, 2014
"The plan will give private-sector workers the 'same security investment return available to federal employees,' according to the White House, by earning the same variable interest rate as the TSP's G Fund. 'It's the same structure as the G Fund in the Thrift Savings Plan, so it's the average of yields that are above four years,' said Treasury Secretary Jack Lew Wednesday. 'And it's something that we're very familiar with because most federal employees have a [TSP] and it's really the same mechanism.'"
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