TSP Stays the Course

The Thrift Savings Plan has decided against changing the indexes that underlie its investment funds, following a study by an outside consultant that found that any such change would be expensive. The TSP also has consultants studying the potential for adding additional funds that would reflect narrower segments of the markets. Some members of Congress advocate, for example, a fund to track real estate investment trusts. However, the agency traditionally has been cool to the idea of adding specialized funds, on the theory that the broader indexes that the TSP uses already reflect activity in those sectors. Meanwhile, the TSP has decided to stay with MetLife as the provider of annuities for those who separate and wish to draw out their TSP savings as an annuity.