However, the reason for this increase cannot be attributed only to increased threats to federal benefits on Capitol Hill. Tom Trabucco, director of External Affairs at the Federal Retirement Thrift Investment Board, points out the number of TSP participants has also increased.
Also, the TSP is a “maturing program,” and now is “normally about the time people would be retiring,” he said.
One of the biggest threats on Capitol Hill is moving from a high-three to a high-five calculation for annuity. But these proposals have not been passed yet.
“Although there is fear, it’s important to get the facts and to make your retirement decision on facts and not on fear,” Trabucco said.