TSP Funds Restored

The Treasury Department has announced that it has stopped using financial maneuvers involving the Thrift Savings Plan’s government securities (G) fund and that it has restored to the fund the interest lost while those maneuvers were used during the last several weeks. The maneuvers, which Treasury deemed necessary because the government was up against its debt limit, involved suspending issuance of the debt obligations that make up the fund’s assets, amounting to nearly $19 billion, or about half the G fund’s assets, at one point. That money has been restored to the fund with the $27 million in interest that wasn’t paid during the period of suspension. “The G fund and its beneficiaries are now in the same financial position as if investments had never been suspended,” the department said in a letter to Congress.