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Monday, July 7, 2014

Budget

Econ Comments & Analysis                                                                                            
CBO | S. 2117, Smart Savings Act
S. 2117 would change the default investment fund in the Thrift Savings Plan (TSP) for government employees. Currently, contributions of employees who are enrolled in the TSP, but have not specified where to invest their funds, are automatically invested in the Government Securities Investment Fund. This bill would shift the default fund to a Lifecycle fund with an age-appropriate asset allocation.