After years of reading how good a deal we Feds are getting due to the low administrative costs of the TSP, the proposed fiscal 2012 budget would represent a 70 percent jump in spending since 2007.
TSP Director Greg Long said he believes the budget is reasonable. "The budget at $135 [million] (a 4 percent increase over the $130.3 million approved for the fiscal year ending Sept. 30) effectively delivers an expansion of services." I don't know about you all, but I would rather NOT see an increase in services, and continue to keep the low administrative fees the number one priority.
At least the board did approve a fiscal 2011 budget for the federal retirement program, citing concerns about recent spending hikes.
TSP Director Greg Long said he believes the budget is reasonable. "The budget at $135 [million] (a 4 percent increase over the $130.3 million approved for the fiscal year ending Sept. 30) effectively delivers an expansion of services." I don't know about you all, but I would rather NOT see an increase in services, and continue to keep the low administrative fees the number one priority.
At least the board did approve a fiscal 2011 budget for the federal retirement program, citing concerns about recent spending hikes.
