In today’s Federal Newscast, AFGE wants to add a provision in the 2021 defense authorization bill that will protect DoD workers’ bargaining rights.
Rep. Gerry Connolly (D-Va.) accused the Trump administration of politicizing the Federal Retirement Thrift Investment Board, which recently deferred plans to move the international fund to a new, China-inclusive index.
What a week for the Thrift Savings Plan. The TSP offered more details on how its participants can take loans and withdrawals during the coronavirus pandemic, and the international fund faces a different fate.
In today’s Federal Newscast, patient capacity at Veterans Affairs medical facilities is up within the last month.
In a unanimous decision Wednesday morning, the Federal Retirement Thrift Investment Board voted to defer the implementation of a new, China-inclusive index for the international fund. The board members cited ongoing economic uncertainty from the coronavirus, as well as the president’s three new nominees to FRTIB, as reasons for their decision.
In today’s Federal Newscast, the State Department offers grant funding for organizations with ideas on stopping corruption connected to the pandemic.
In a rare move, the White House on Monday ordered the Federal Retirement Thrift Investment Board to “immediately halt” plans to transition the international fund to a new, China-inclusive benchmark.
President Donald Trump hadn’t appointed his own nominees to the fill the Federal Retirement Thrift Investment Board until Monday, months after members of Congress first expressed deep concerns with the TSP’s plans to expand the international fund to a new, China-inclusive index.
In today’s Federal Newscast, the Justice Department won guilty pleas from the former director of procurement for the Pension Benefit Guaranty Corporation and the president and CEO of a government contracting firm for bribery.
The Thrift Savings Plan has been functioning normally during the pandemic, in large part due to the Federal Retirement Thrift Investment Board’s efforts to move some 80% of its contractor workforce to telework in three weeks.