Problems stemming from the new TSP website are not over. Eleanor Holmes Norton wants a GAO investigation and appointment of an inspector general for the FRTIB.
Congresswoman Eleanor Holmes Norton (D-DC) is still trying to get to the bottom of the recent problems stemming from the rollout of the new TSP website.
Congresswoman Eleanor Holmes Norton (D-DC) wants to meet with the head of the FRTIB about problems her constituents have had using the new TSP website.
One Congresswoman sought answers about problems related to the new TSP website and what was being done to fix them. This is the response she received.
Four nominees have been confirmed for the FRTIB, the TSP’s governing board. Confirmation moved quickly after Senator Marco Rubio removed a hold on the nominations.
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.
A final rule implementing the new TSP mutual fund window is set to go into effect on June 1, 2022.
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.
