The debate over the Thrift Savings Plan and its international fund isn’t over, as two senators have urged President Donald Trump to replace members of the Federal Retirement Thrift Investment Board and employee organizations have urged Congress to reconsider their criticisms of the I fund expansion.
In today’s Federal Newscast, acquisition authorities have made a proposed rule final, to keep phony parts out of systems the government buys.
The Federal Retirement Thrift Investment Board said it’ll continue its plans to move the international fund to an emerging markets index, despite bipartisan congressional concern that the move would expose employees’ retirement assets to Chinese interests.
Federal agencies and contractors are doing more to avoid using the suspension and debarment process.
In today’s Federal Newscast, members of the House Homeland Security Committee are asking leaders at the Transportation Security Administration what it can do to pay the agency’s officers more.
After a bipartisan group of senators expressed concern, the Federal Retirement Thrift Investment Board is reconsidering its plans to expand the I fund benchmark to emerging markets. Sen. Marco Rubio (R-Fla.) has said he’ll introduce new legislation to prevent the TSP from moving the I fund to this benchmark.
The Federal Retirement Thrift Investment Board announced in 2017 it would broaden the I fund’s benchmark to include more emerging markets, including China.
Two senators are also questioning the Federal Retirement Thrift Investment Board’s decision to move the Thrift Savings Plan’s I fund to a new index.
In today’s Federal Newscast, the Defense Department is putting off the elimination of a major benefit for post 9/11 veterans.
The commander of the nation’s top cyber security agencies — the National Security Agency and the U.S. Cyber Command — will not confirm that he has recommended the two agencies split from one another next year.