postalnews blog » retirement

C fund share price drops below G fund

brian — Tue, 07 Oct 2008 10:31:11 +0000

In a sign of just how far the stock market has dropped in the last few months, on Friday the price of a share of the Thrift Savings Plan’s C-fund, which tracks the S&P 500 Index, dropped below the value of shares in the low risk G-fund. At the peak of the market, just a year ago, a C-fund share was worth $17.57, while shares in the G-fund were at $12.15. On Friday the value of a C-fund share was $12.61, a drop of 28% in a year, while G shares were worth $12.64, a gain of 4% in the same period. C-fund shares fell further on Monday, closing at $12.12, a loss of almost 4% in one day. The other stock-based funds have also suffered big losses over the last year, with the small cap S fund down 32% from a year ago, and the International I fund down 39%.

Update: The C-fund fell another 5% on Tuesday, to $11.43, a level not seen since 2004. The cumulative loss in the last month now stands at 20%.

TSP Funds Historical Prices

NAPUS posts VER timeline for Postmasters, EAS

brian — Thu, 02 Oct 2008 09:54:30 +0000

November 21, 2008 – Annuity estimates will begin being mailed to eligible employees.

November 28, 2008 – VER Offer packages will begin being mailed to VER eligible employees.

December 03, 2008 through January 16, 2009 – VER Window Period

The VER effective date is Tuesday, March 31, 2009.

More information will follow when received.

NAPUS.

Golden Handcuffs

brian — Fri, 01 Sep 2006 13:24:32 +0000

Does FERS encourage the best and brightest to leave federal service for the private sector?:

The current FERS program likely will result in either the most productive or skilled employees leaving well before 30 years for better paying opportunities. This will likely include contractor jobs where the taxpayers pay more for the same services…

FederalNewsRadio - The Golden Handcuffs