Title: What federal employees with a FERS pension are getting wrong about their TSP
Article Snip: "...federal employee with 30 years of service and a $90,000 high-3 average salary receives only $27,000 annually under FERS —30% of pre-retirement income...The TSP no longer uses the G Fund as the default investment for most participants. Since 2015 for civilians and 2018 for uniformed service members, new enrollees are automatically placed in an age-appropriate Lifecycle (L) Fund. These funds hold a diversified mix of..."
Reference: www.msn.com
