In yesterday’s post, I told you about a proposal by Connecticut Sen. Joe Lieberman that would wind up filleting your TSP account. I got a call back from a spokesperson on the Senate Homeland Security and Governmental Affairs Committee who offered to take my questions. When I called her back, her voice-mail message included her e-mail address. 

Here is the list of questions I sent her:

1)  What are the principal ideas in the bill?

2)  Will the TSP Board have to come up with new indexes?

3)  The indexes TSP uses now can't have individual companies stripped out. Will they have to be eliminated?

4)  How will the legislation help keep the extremely low costs of TSP as they are rather than driving them up?

5)  Why is it not sufficient that if an investor wants to invest in this way, he or she can pull out of TSP and open an IRA that invests in a way they choose?

6)  What are the criteria for determining which companies can stay or go?

7)  Is the senator worried that this might open TSP to politicization of the plan by whoever is chairman of the committee in the future?

When I get responses to any or all of these questions, I’ll post them here. In the meantime, please feel free to comment on the senator's legislation or post any other questions you have about the plan that would wreck your TSP.