Summary
About half of the billions of dollars that federal, postal and military personnel have in the Thrift Savings Plan, their in-house 401(k), is in the super-safe G Fund. It is a special, never-has-a- bad-day fund made up of guaranteed U.S. Treasury securities. The G Fund is not available to people outside government, and there is nothing like it in the private sector.
So with half of their retirement cash tied up in the G Fund, many civil servants get a tad nervous when they hear that the Treasury is "borrowing" from the fund because the legal debt ceiling has been reached.See the full content of this document
Extract
Fear Not When Uncle Sam Borrows From G Fund
Most feds don't pay any attention when the G Fund piggy bank is tapped to help Uncle Sam pay his bills. But others see it as a sleight of hand that will cost them mon...
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