Legislation Seeks to Ban TSP Investments in China
Bills have been introduced again to stop the TSP from investing federal employees’ retirement funds in Chinese companies.
Bills have been introduced again to stop the TSP from investing federal employees’ retirement funds in Chinese companies.
Two Senators are still fighting the upcoming change to the TSP’s I Fund despite an announcement that it is moving forward.
Senator Marco Rubio (R-FL) is stepping up his efforts to try to stop changes to the TSP’s I Fund.
Senator Marco Rubio (R-FL) outlined a number of reforms for Social Security in a speech this week. The author says that while well intentioned, Rubio’s proposals would actually make Social Security less solvent.
In a speech at the National Press Club today, Senator Marco Rubio (R-FL) offered several retirement reform proposals, one of which was opening the Thrift Savings Plan up to private sector workers.
A historic pay raise and the end of the vaccine mandate are among the top stories for federal employees in 2023.
A hold placed on nominees to the FRTIB has been released by Senator Marco Rubio after a commitment was made not to invest in certain Chinese companies.
New legislation would base some of the FRTIB’s fiduciary duties to TSP participants on national security concerns.
Federal employee interest groups are urging Congress to back off of its fight against changing the I Fund.
Despite political pressure to do otherwise, the FRTIB is moving forward with a change to the I Fund that will add more investments in Chinese companies.