TSP's C Fund gains 8.2 percent

TSP's C Fund gains 8.2 percent


The Federal Retirement Thrift Investment Board has reported that in October, the Thrift Savings Plan's C Fund-which invests in common stocks-gained 8.2 percent, following a 6.3 percent rise in September.

After rising 2.36 percent in September, the F Fund (fixed-income bonds) dropped 0.52 percent in October. The G Fund (government securities) stayed relatively stable with a return rate of 0.41 percent, down slightly from September's return of 0.44 percent.

The monthly C, F and G Fund returns reflect net earnings on the changing balances invested during the month.

Over the past year, the C Fund is up 21.86 percent, the F Fund 9.36 percent and the G Fund 5.92 percent.

From Nov. 15 until Jan. 31, 1999, federal employees will have the opportunity to start contributing to a TSP account or to change account contribution levels. Participants can also change the way future payroll contributions are invested in the three TSP funds during the open season. The previous open season ended July 31.

For more TSP information, see GovExec.com's Thrift Savings Plan update.