The TSP system limits you as to what you can invest. There are only a few plans one can park their money in. With the exception of the “G” fund, everyone lost in 08 and 09. You think that sort of program is going to keep people in for 20 years?
KantianBurke: “You think that sort of program is going to keep people in for 20 years?”
It apparently keeps plenty of federal employees from leaving. It really depends on how much compensation they are talking about. If they are talking about matching funds and a guaranteed government contribution, like TSP, nothing says they couldn’t increase the government’s percent for time in grade and/or years served.
TSP is actually quite popular. I know a lot of military folks who like it, and they don’t currently get matching contributions. However, you’re correct about the potential to lose money. That isn’t the TSP program’s fault so much as government’s malfeasance in other areas, like social justice mortgage lending. Personally, I’d STILL rather own my retirement money outright than depend on government. They are constantly trying to inflate all of us military retirees out of our pensions. If it was my own money, I could at least take my own steps to mitigate that.