Definitions. Having a correct mailing address on file is important for protecting your account from fraud and ensures youll receive important TSP information. Federal Retirement Thrift Investment Board. The Federal Retirement Thrift Investment Board (FRTIB) will make a mutual fund window available to participants in the Thrift Savings Plan (TSP), beginning in the summer of 2022. President Bidens May 2021 Executive Order on Climate-Related Financial Risk raises concerns about how climate change affects pensions and asks how the Federal Retirement Thrift Investment Board has taken environmental, social, and governance factors, including climate-related financial risk, into account. The GAO opined that the Thrift Board evaluate TSP's investment offerings considering risks related to climate change. (4% of income, excluding Social Security benefits); and federal taxes (based on rates as of January 1, 2019). While demand for investment grade credit is significantly less than treasuries, we did see increased demand in 2022 driven by higher interest rates and inflation. corresponding official PDF file on govinfo.gov. Need help opening PDF or DOC files? by the Federal Retirement Thrift Investment Board An official website of the United States government. MINUTES OF THE MEETING OF THE BOARD MEMBERS AND THE EMPLOYEE THRIFT ADVISORY COUNCIL May 23, 2023. ) or https:// means youve safely connected to The https:// ensures that you are connecting to the official website and that any by the Federal Retirement Thrift Investment Board Thrift Federal Acquisition Supplement (T-FAS) [PDF]. by the Federal Retirement Thrift Investment Board This prototype edition of the Source: BlackRock data, as of 12/31/2022 The above is a summary of the Securities Lending Fund performance for Federal Retirement Thrift Investment Board from January to December . While subject to many of the same procurement laws as other government agencies, FRTIB also works under the mandate of its enabling statute, the Federal Employees Retirement System Act (FERSA), which requires that FRTIB fiduciaries manage Thrift Savings Fund (TSF) assets in the sole interest of the TSF participants and beneficiaries, and expend funds for the exclusive purpose of providing benefits to participants and beneficiaries and defraying reasonable expenses of administering the TSP. Ask a real person any government-related question for free. by the Federal Retirement Thrift Investment Board The Federal Retirement Thrift Investment Board administers the Thrift Savings Plan, a tax-deferred retirement account similar to a 401(k). Read more about the Thrift Savings Plan by visiting the Federal Retirement Thrift Investment Board's website at www.tsp.gov. For complete information about, and access to, our official publications Enforcement of Nondiscrimination on the Basis of Handicap in Programs or Activities Conducted by the Federal Retirement Thrift Investment Board. publication in the future. Bloomberg President Joe Biden intends to nominate three people to the five-member Federal Retirement Thrift Investment Board, Washington, and renominate a current member. Every quarter, the Federal Retirement Thrift Investment Board (FRTIB) releases statistics on TSP participants. WASHINGTON - Today, President Joe Biden announced his intent to nominate the following 11 individuals to serve in key roles: Biniam Gebre, Nominee for Administrator for Federal Procurement. Purpose. The most recent meeting minutes are available on the FRTIB public website here. 2022 Federal Register Index Rules Mutual Fund Window 1 Transition to a New Recordkeeping System 1 Proposed Rules Mutual Fund Window 1 597 more Welcome to FRTIB. My suggestion is to leave the TSP alone to do its stellar job and preserve the right of participants to exercise choice in investing. However, the TSP decided to stick with the MSCI EAFE fund. Before sharing sensitive information, make sure you're on a federal government site. Political pressure on the TSP has been mounting in recent times. The FRTIB administers the Thrift Savings Plan (TSP). The Federal Retirement Thrift Investment Board was established as an independent agency by the Federal Employees' Retirement System Act of 1986 ( 5 U.S.C. services. on NARA's archives.gov. Your employer will provide you with information about your withdrawal options and the option to keep your money in the TSP. The Federal Retirement Thrift Investment Board (FRTIB) offers a variety of TSP training opportunities. Well help you understand each fundtheir risks, rewards, and performance. Most recent board meeting minutes: 2023May.pdf Updated: July 3, 2023 Meeting minutes grouped by year, ordered by month, descending 2023 2022 2021 Older meeting minutes files can be accessed as ZIP files (with attachments) at the Meeting Minutes Archive. Register (ACFR) issues a regulation granting it official legal status. the official SGML-based PDF version on govinfo.gov, those relying on it for FRTIB designed the Thrift Federal Acquisition Supplement (T-FAS) as a supplement to the FAR, which specifies when the Agencys policies and practices deviate from the FAR. The FRTIB is proposing a fee designed to guarantee that the availability of the mutual fund window will not indirectly increase the share of TSP administrative . While every effort has been made to ensure that It is not an official legal edition of the Federal If you're reading this, I'm guessing you know that the TSP is a defined contribution retirement account . on 03/16/2023. results. on 01/17/2023. Federal Retirement Thrift Investment Board, Return to the agency list for the 2022 FR Index, Senior Executive Service Performance Review Board. ( Board means the Federal Retirement Thrift Investment Board established under 5 U.S.C. Return to the agency list for the 2022 FR Index Download Approved December 2022 Federal Retirement Thrift Investment Board Index (PDF) In 2022, the Federal Retirement Thrift Investment Board published 20 documents. Register, and does not replace the official print version or the official by the Federal Retirement Thrift Investment Board on 04/18/2023. Lock [8] In November 2019, U.S. senators Marco Rubio and Jeanne Shaheen introduced legislation, the Taxpayers and Savers Protection Act, to force the Board to divest from unaudited Chinese companies. An official website of the United States government. Before sharing sensitive information, make sure youre on a federal government site. A lock ( Thanks for your interest in doing business with us. FRTIB is a self-funded federal agency with independent budgetary authority that receives no annual appropriations from Congress. Website Federal Retirement Thrift Investment Board Contact Contact the Federal Retirement Thrift Investment Board Phone number 1-404-233-4400 Toll-free number 1-877-968-3778 TTY 1-877-847-4385 Main address the Federal Register. I am the Kester and Brynes Professor at Columbia Business School and a Chazen Senior Scholar at the Jerome A. Chazen Institute for Global Business. The Federal Retirement Thrift Investment Board awarded its consolidated recordkeeping contract to Accenture Federal Services on Nov. 13, capping an acquisition process that began in 2018. How to invest Individual funds We have a selection of individual funds that offer broad market diversification. To be included for consideration on solicitation for contracts in your business area, you should register in the following places: FRTIB Protest Procedures [PDF] When you visit the TSP website, we may place pieces of code, commonly referred to as "cookies," or similar technology on your device. FRTIB complies with Section 208 of the E-Government Act of 2002, which requires federal agencies to conduct Privacy Impact Assessments (PIAs) that analyze how information in an identifiable form is collected, maintained, stored, and disseminated. Secure .gov websites use HTTPS FEDERAL RETIREMENT THRIFT INVESTMENT BOARD . Our MissionOur Goals. Each of these persons is required by FERSA to have "substantial experience, training, and expertise in the management of financial investments and pension benefit plans." Board meetings, which can be observed by the public, are generally held the 4th Tuesday of each month (except where noted on the current meeting calendar). Executive Order on Climate-Related Financial Risk, vehemently arguing that climate considerations are not relevant to investing. Federal government websites often end in .gov or .mil. the official SGML-based PDF version on govinfo.gov, those relying on it for Special Areas; Roadless Area Conservation; Applicability to the Tongass National Forest, Alaska, Federal Retirement Thrift Investment Board, Notice of Meeting of the Employee Thrift Advisory Council. FEDERAL RETIREMENT THRIFT INVESTMENT BOARD MINUTES OF THE MEETING OF THE BOARD MEMBERS March 28, 2023 Michael F. Gerber, Chair of the Federal Retirement Thrift Investment Board, convened a meeting of the Board members on March 28, 2023, at 10:02 a.m., Eastern Daylight Time. legal research should verify their results against an official edition of provide legal notice to the public or judicial notice to the courts. Register (ACFR) issues a regulation granting it official legal status. Of the five appointees, three members are appointed solely by the President without other consideration (of whom one shall be nominated as chairman), one member is appointed after considering the recommendation of the Speaker of the House (in consultation with the House Minority Leader) and the fifth member is appointed after considering the recommendation of the Senate Majority Leader (in consultation with the Senate Minority Leader). FEDERAL RETIREMENT THRIFT INVESTMENT BOARD . About the Federal Register DATE: April 18, 2023 : SUBJECT: March 2023 Investment Program Review : INTRODUCTION This report reviews key aspects of the TSP's investment program, including performance, . Due to aggressive automated scraping of FederalRegister.gov and eCFR.gov, programmatic access to these sites is limited to access to our extensive developer APIs. The executive director carries out the policies established by the board members and otherwise acts as the full-time chief executive of the agency. For complete information about, and access to, our official publications Generals, Diplomats Want Chinese Companies Out of Their Retirement Plan", "Chinese firms threatening US can get investment from federal employees", https://en.wikipedia.org/w/index.php?title=Federal_Retirement_Thrift_Investment_Board&oldid=1156454962, Four members representing the four largest non-Postal employee unions, Two members representing the two largest Postal employee unions, excluding rural letter carrier unions, One member representing the largest Postal employee union representing rural letter carriers, Two members representing the two largest groups representing Postal managerial personnel, One member representing Postal supervisors, One member representing the interests of women in Federal civil service, One member representing the largest group of individuals receiving annuities, One member representing the largest group representing supervisors and managerial personnel, excluding Senior Executive Service, One member representing the Senior Executive Service, One member representing the uniformed services, This page was last edited on 22 May 2023, at 23:19.
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