Federal Thrift Savings Plan CEO Gary A. Amelio later this month will recommend that the $130 billion plan offer lifestyle or lifecycle investment options to participants. Mr. Amelio testified today before the Senate Governmental Affairs Committee that participants in the Washington-based plan would only be permitted to invest in combinations based on the plan's five existing investment options - domestic large-cap and small-cap to midcap index equity funds; a fixed-income index fund; an international equities index fund; and a government securities fund - using asset allocations based on their investment objectives.
Mr. Amelio will make the recommendations to the Federal Retirement Thrift Investment Board, which oversees the plan.
