FederalDaily - July 9, 2007
TSP Monthly Returns for June 2007
Rates of Return were updated on July 2, 2007.
| |
G Fund |
F Fund |
C Fund |
S Fund |
I Fund |
| June 2007 |
0.42% |
(0.27%) |
(1.70%) |
(1.53%) |
0.20% |
Last 12 months*
(07/01/2006 to 06/30/2007) |
4.90% |
6.23% |
20.63% |
19.47% |
27.18% |
Percentages in ( ) are negative.
* The returns for the G, F, C, S and I funs for the past 12 months, assuming that,
with the exception for the crediting of earnings, unchanging balances (time-weighting)
from month to month and assuming that earnings are compounded on a monthly basis.
The monthly G, F, C, S, and I Fund returns represent the actual total rates of return used in the
monthly allocation of earnings to participant accounts. The returns are shown after deduction of accrued
TSP administrative expenses. The F, C, S, and I Fund returns also reflect the deduction of trading
costs and accrued investment management fees. The most current G, F, C, S, and I Fund rates of return
are shown above. Returns are updated after the monthly allocation of earnings, usually by the fourth
business day of the month.
| |
L Income |
L 2010 |
L 2020 |
L 2030 |
L 2040 |
| June 2007 |
0.08% |
(0.20%) |
(0.54%) |
(0.80%) |
(0.92%) |
| Last 12 Months |
8.37% |
12.15% |
15.90% |
17.60% |
19.49% |
For more on TSP, click here.
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Unions Seek New Court Review of NSPS Ruling
A coalition of labor unions representing DoD workers on July 2 filed a legal petition to overturn
an appellate court ruling that upheld the DoD’s National Security Personnel System (NSPS). The
coalition, including the National Federation of Federal Employees (NFFE), is seeking a rehearing to
overturn a May 18 ruling by a panel of the U.S. Court of Appeals for the District of Columbia. The
appeals judges found that the law creating NSPS grants DoD temporary authority to curtail the collective
bargaining rights of employees, reversing a lower court’s ruling. Although the court upheld DoD’s
new personnel and labor relations rules, the decision seems to conflict with other rulings of the court
on related matters. The petition seeks to have the entire court review the discrepancies between the
DoD decision and the earlier decision involving personnel rules at the Department of Homeland Security. “The
NSPS Appeals Court decision runs completely contrary to existing case law,” said Richard Brown,
NFFE president. To see more, go to: www.nffe.org/ht/display/ReleaseDetails/i/4478
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APWU, USPS Reach Tentative Agreement for HQ Workers
The American Postal Workers Union (APWU) and the U.S. Postal Service (USPS) have reached a tentative
agreement covering Operating Services workers, which if ratified will provide for a 2.5 percent raise
over the four-year term of the contract. The agreement—modeled after the Collective Bargaining
Agreement for employees in the Clerk, Maintenance and Motor Vehicle Crafts—would cover employees
at USPS Headquarters in Washington, D.C., and at a facility in Merrifield, Va. A ratification vote
was scheduled for July 5, but results are pending. To see more, go to: http://apwu.org/news/webart/2007/webart-0763-opsvcscontract-070702.htm
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