Meanwhile, the TSP will seek legislation that would require newly hired federal employees to invest 3 percent of salary unless they choose a different level or choose not to invest at all. Under current policy, newly hired employees must opt into the program, one reason that the participation rate for FERS employees—the retirement system for all newly hired employees except for those returning after breaks in CSRS service under some circumstances—is only about 86 percent (those who don’t “participate” by investing some of their own money still get an automatic 1 percent of salary contribution, but they miss out on matching contributions). The TSP also will seek to change the default investment fund—where money is put if investors don’t make any investment allocation—from the government securities (G) fund to the lifecycle (L) fund whose maturity date is closest to when the newly hired employee would be age 65. The TSP governing board meanwhile has taken a stand against legislation that might require disinvestment of funds from certain companies on social or political policy grounds; several pending bills in Congress could lay the groundwork for disinvestment in companies deemed to be doing business with terrorists, the Sudanese government or the Iranian energy sector.