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G Fund Goes to 9 1/4%

About 2 pages (510 words)

The Washington Post, January 6th, 1989

Funds in the most popular tax-deferred investment option offered to government workers will be invested at the rate of 9 1/4 percent this month, according to the Federal Retirement Thrift Investment Board. In December the interest rate on the so-called G fund, which is made up of Treasury securities, was 9 1/8 percent. The thrift savings plan is growing about $5 million a day because of employee and government contributions and earnings. Government workers in the new Federal Employees Retirement System can invest up to 10 percent of their pay in the G Fund or options based on the stock and bon...

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Mike Causey. The Washington Post, January 6th, 1989. G Fund Goes to 9 1/4%. Content provided by HighBeam Research.



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