Dear Participants:
The President recently signed legislation (H.R. 325, the No Budget, No Pay Act of 2013) suspending the statutory debt limit through May 18, 2013. This action has allowed the Department of Treasury to fully restore the principal and interest in the G Fund that was affected during the Debt Issuance Suspension Period (DISP) between December 31, 2012 and February 4, 2013.
G Fund investors are always fully protected and G Fund earnings are fully guaranteed by the Federal Government due to statutory protections in the Thrift Savings Plan Investment Act of 1987. This protection, known as the “make-whole” provision, will work to ensure that G Fund investors are completely unaffected by the limitation on securities issued by the U.S. Treasury. G Fund account balances will continue to accrue earnings and be updated each business day, and loans and withdrawals will be unaffected.
If you have any additional questions, please call the toll-free ThriftLine at 1-877-968-3778 and speak to a Participant Service Representative.
Greg T. Long
Executive Director
