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Thrift Savings Plan Email Hoax Alert

The Federal Retirement Thrift Investment Board (FRTIB) has alerted agencies of an e-mail and Internet hoax purporting illegal activity on the part of an individual said to manage the Thrift Savings Plan (TSP) I Fund. The FRTIB is actively investigating the origins of the bogus web site.

The individual named (Samuel Hoeffler) and his connection to the TSP investment funds are completely fictitious. Be assured that the TSP’s I Fund has not suffered from accounting irregularities and is not insolvent.

All of the TSP funds, with the exception of the Government Securities Investment Fund (G Fund) are passive investments. In other words, they are invested in index funds; they are not managed by an individual actively selecting securities in an effort to outperform the market.

Participants should always exercise caution if they receive unusual or suspect e-mails. For more information, visit the TSP website at http://www.tsp.gov/