[GoBucks2002]

uring his State of the Union Address, President Bush mentioned that his proposal for private savings accounts is very similar in concept to the Thrift Savings Plan (TSP), a 401K type plan in which hundreds of thousands of federal employees participate...

As a former Federal employee, I miss my TSP. But the key to remember is that it's a 401k, voluntary and supplemental program, with an employer match.

With some reduction of the payroll tax for those under, say, 45, (full disclosure: I am in my early 30s), a system modeled after TSP could be very, very beneficial for all concerned.

[GreenHornet]

During his State of the Union Address, President Bush mentioned that his proposal for private savings accounts is very similar in concept to the Thrift Savings Plan (TSP), a 401K type plan in which hundreds of thousands of federal employees participate...

As a former Federal employee, I miss my TSP. But the key to remember is that it's a 401k, voluntary and supplemental program, with an employer match.

With some reduction of the payroll tax for those under, say, 45, (full disclosure: I am in my early 30s), a system modeled after TSP could be very, very beneficial for all concerned.

I am a Federal employee who participates in the TSP. I won't be eligible for Social Security, because, under the old (pre-1984) Civil Service Retirement System, I haven't paid anything into Social Security for the last 27 years. I'm not the least bit concerned about missing out on Social Security. I have a much better deal between my pension, and the TSP. I don't mean that in an arrogant way. I only say that because I feel Americans other than Federal employees should also have a chance to participate in a plan like the TSP, instead of relying strictly on the traditional form of Social Security.