TSP to change default fund from G to L for new participants

From NAPS:

The Federal Retirement Thrift Investment Board (Agency) proposes to amend its regulations at 5 CFR parts 1600, 1601, and 1651 to change the default investment fund for certain participants in the Thrift Savings Plan (TSP).

The proposed regulation would (1) change the TSP’s default investment fund from the G Fund to the age-appropriate L Fund for certain participants, and (2) provide for a notification of investment risk before enrollment or as soon as practicable thereafter for participants whose default investment fund is the age-appropriate L Fund.  The bill has an effective date of 9 months after the date of enactment (September 2015). To read the Federal Register posting on this matter, click here.

Source: The National Association of Postal Supervisors