Real Estate Investment Bill Risks Slippery Slope for Thrift Savings Plan
Publication Date: May 2006
Publisher: Heritage Foundation (Washington, D.C.)
Author(s): David C. John
Research Area: Banking and finance
Keywords: Social security; real estate
Type: Brief
Abstract:
H.R. 1578, introduced by Rep. Jon Porter (R-NV) with 177 cosponsors, would require the Thrift Savings Plan (TSP), a part of the federal government's employee retirement system, to offer a stock index fund based on Real Estate Investment Trusts (REITs). Forcing TSP to include a real estate investment fund would set a very dangerous precedent that could severely damage TSP's future. Decisions to include investment options in TSP should be made based on the needs of TSP members and not politics. Political imposition of investments on TSP risks losses for federal workers and retirees.
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