Thrift Savings Fund Improvement Act
Last action on Oct 9, 2003Referred to the Subcommittee on Civil Service and Agency ...
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Summary
The Thrift Savings Fund Improvement Act would expand the investment options available to federal employees and retirees participating in the Thrift Savings Plan (TSP). The bill directs the Federal Retirement Thrift Investment Board to create a new "Precious Metals Investment Fund" specifically for the purchase of physical gold, silver, or platinum bullion. If enacted, this would allow TSP participants to diversify their retirement portfolios by investing directly in precious metals alongside existing stock and bond fund options.
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