Hold On FRTIB Nominees Released After Commitment Letter On Chinese Investments
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 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.
The latest meeting of TSP executives outlined legislative and administration actions, their potential impact on the TSP, and highlights of L Fund investments.
Bills have been introduced again to stop the TSP from investing federal employees’ retirement funds in Chinese companies.
It has been one year since the stock market bottomed. One TSP fund has returned 135% in this time.
Will changing TSP options help save the planet? A new bill seeks to “protect federal pensions from the economic consequences of climate change”.
Nominees to the TSP board have been pulled by President Biden.