TSP's C Fund gains 6 percent

TSP's C Fund gains 6 percent


The Federal Retirement Thrift Investment Board has reported that in November, the Thrift Savings Plan's C Fund-which invests in common stocks-gained 6.04 percent, following an 8.2 percent rise in October.

After dropping 0.52 percent in October, the F Fund (fixed-income bonds) gained 0.56 percent in November. The G Fund (government securities) stayed relatively stable with a return rate of 0.42 percent, up slightly from October's return of 0.41 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 23.52 percent, the F Fund 9.47 percent and the G Fund 5.83 percent.

Federal employees have until Jan. 31, 1999 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.