A new rule from the Department of Labor requires considering climate change when investing retirement assets. Will this impact TSP investments?
The TSP has about $795 billion in assets. Politicians are using a variety of ways to be able to change the TSP to use the money in pursuit of political objectives.
The TSP has focused on maximizing investments and safety for federal employees. However, outside influences are working to change this investment strategy.
The latest meeting of TSP executives outlined legislative and administration actions, their potential impact on the TSP, and highlights of L Fund investments.
Fossil fuels in TSP investments is a hot political issue. President Biden has issued an Executive Order with ramifications for the TSP.
Legislation has been introduced that would give federal employees the option of avoiding the fossil fuel industry with their TSP investments.
One lawmaker wants to require federal agencies to only purchase or lease zero-emission vehicles for their fleets.