By Alyssa Rosenberg
Thrift Savings Plan participants aren't likely to see changes in the types of funds they can invest in, despite roiled markets, federal and industry officials said on Monday. But modifications to interfund transfers and enrollment are coming down the pike.
"This has been one of the most turbulent times in the equity and debt market," Andrew Saul, chairman of the Federal Retirement Thrift Investment Board, told representatives of Barclays Global Investors Services. "You are facing fiduciaries who are responsible for a lot of hard-working people who are counting on that money for their retirement."
Blake Grossman, chief executive officer of BGI, said the company would take that turbulence into account in its modeling, but financial fundamentals were still strong, and BGI saw no particular need to make major changes in its investment approach at this time.
Full story: http://www.govexec.com/story_page.cfm?articleid=39820&dcn=e_gvet
