American Presidential Politics and foreign affairs Message Board

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Politics : American Presidential Politics and foreign affairs

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To: Peter Dierks who wrote (228)	12/6/2004 12:52:33 PM
From: Captain Jack	Read Replies (1) of 71588

Govt employees ARE holding stocks at this time. In '82 the Civil Service Retirement System stopped being offered to new fed govt employees. They have choices of stock funds and bond funds. Since inception the G Fund is a SPECIAL bond fund for FERS (Federal Employee Retirement System) and TSP (Thrift Savings Plan) fed employees. The last 12 months that bond fund paid 4.14% - the rate fluctuates monthly BUT the value of holds cannot go down, unlike a typical bond fund. Govt & military have trillions in the mkts. Under FERS the empoloyee contributions are matched (up to 6%), under TSP there is no match for CSRS employees. FERs employees have a very small defined pension & SS in addition to their savings in stock & bond funds. Too late to keep govt employees from any mkt influence-- it only grows every 2 weeks.

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