President Biden has nominated several individuals to serve in key positions at the FRTIB and FLRA.
The TSP has focused on maximizing investments and safety for federal employees. However, outside influences are working to change this investment strategy.
New legislation would base some of the FRTIB’s fiduciary duties to TSP participants on national security concerns.
The latest meeting of TSP executives outlined legislative and administration actions, their potential impact on the TSP, and highlights of L Fund investments.
Nominees to the TSP board have been pulled by President Biden.
President Trump has resubmitted names to serve on the Thrift Investment Board that administers the TSP.