TSP Account Averages Rebound to Pre-2022 Levels After Strong Gains
WASHINGTON, D.C. – The Thrift Savings Plan (TSP) saw strong growth in its stock-based funds in 2023, which helped to propel the average account balance for federal employees and retirees back to levels similar to those before the losses experienced in 2022. The average account balance reached around $175,700 for those under the Federal Employees Retirement System (FERS) and $197,300 for those under the Civil Service Retirement System (CSRS) by the end of 2023, according …