Keep paying TSP’s G Fund, petitioners tell White House


A new petition asks the Obama administration not to suspend payments into the Thrift Savings Plan’s G Fund and to stop linking federal employees to the nation’s fiscal troubles in general.

The creator of the petition, Skip S., said federal employees were being “singled out for disparate treatment” by the Treasury Department’s decision to temporarily halt payments to the pension fund – a move officials have said will not affect TSP enrollees.

“We are calling on the administration to halt the practice of singling out the federal workforce to finance the federal government's funding deficit solely because the benefits of federal employees are easily accessible to the U.S. Treasury as a source of cash and because federal employees are an easy target for criticism,” the petition on the White House’s We the People site said, noting that federal pay has been frozen for two years.

On Tuesday, Treasury Secretary Timothy Geithner told congressional leaders the department had suspended payments to the G Fund as part of its “extraordinary measures” to avoid default, but would restore the money once the debt ceiling was raised. The move, which is not at all unprecedented, buys the administration time, delaying the debt ceiling fight with Congress.

TSP Executive Director Greg Long said last week that the “make-whole” provision of the 1987 TSP Investment Act would ensure that all investments are fully protected and guaranteed by the federal government.

Federal human resources news site FedSmith noted the petition had a long way to go before it made an impact on Treasury’s investment decisions.

It was created on Wednesday and had more than 120 signatures as of Thursday afternoon. However, with the White House now requiring 100,000 signatures before an administration response is given, the petitioners have their work cut out for them. They can take solace knowing that the last petition demanding action on federal workforce issues gave them a holiday on Christmas-eve. 

(Image via larry1235 /

Stay up-to-date with federal news alerts and analysis — Sign up for GovExec's email newsletters.
Close [ x ] More from GovExec

Thank you for subscribing to newsletters from
We think these reports might interest you:

  • Sponsored by G Suite

    Cross-Agency Teamwork, Anytime and Anywhere

    Dan McCrae, director of IT service delivery division, National Oceanic and Atmospheric Administration (NOAA)

  • Data-Centric Security vs. Database-Level Security

    Database-level encryption had its origins in the 1990s and early 2000s in response to very basic risks which largely revolved around the theft of servers, backup tapes and other physical-layer assets. As noted in Verizon’s 2014, Data Breach Investigations Report (DBIR)1, threats today are far more advanced and dangerous.

  • Sponsored by One Identity

    One Nation Under Guard: Securing User Identities Across State and Local Government

    In 2016, the government can expect even more sophisticated threats on the horizon, making it all the more imperative that agencies enforce proper identity and access management (IAM) practices. In order to better measure the current state of IAM at the state and local level, Government Business Council (GBC) conducted an in-depth research study of state and local employees.

  • Sponsored by Aquilent

    The Next Federal Evolution of Cloud

    This GBC report explains the evolution of cloud computing in federal government, and provides an outlook for the future of the cloud in government IT.

  • Sponsored by LTC Partners, administrators of the Federal Long Term Care Insurance Program

    Approaching the Brink of Federal Retirement

    Approximately 10,000 baby boomers are reaching retirement age per day, and a growing number of federal employees are preparing themselves for the next chapter of their lives. Learn how to tackle the challenges that today's workforce faces in laying the groundwork for a smooth and secure retirement.

  • Sponsored by Hewlett Packard Enterprise

    Cyber Defense 101: Arming the Next Generation of Government Employees

    Read this issue brief to learn about the sector's most potent challenges in the new cyber landscape and how government organizations are building a robust, threat-aware infrastructure

  • Sponsored by Aquilent

    GBC Issue Brief: Cultivating Digital Services in the Federal Landscape

    Read this GBC issue brief to learn more about the current state of digital services in the government, and how key players are pushing enhancements towards a user-centric approach.


When you download a report, your information may be shared with the underwriters of that document.