Bill allows for REIT funds in federal retirement plan

06/30/2009 |

Administrators of the Thrift Savings Plan will be allowed to include distinct REIT funds as options for participants under legislation President Barack Obama signed into law this month. "The action by Congress authorizing the Thrift Savings Plan to offer a wider array of investment choices to its participants is consistent with best practices in the private sector and a step in the right direction. A mutual fund window will provide government employees and retirees access to all distinct asset classes in order to build well-diversified, long-term retirement portfolios," said Michael Grupe, NAREIT's executive vice president of research and investor outreach.

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