Trump Moves to Replace TSP Board Members, Prompting Concerns of Politicization

President Trump on Monday nominated replacements for three of the five members of the board that governs the federal government’s 401(k)-style retirement savings program, in an apparent effort to stop the Thrift Savings Plan from implementing a 2017 decision to base the international (I) fund on a broader index that includes investments in Chinese companies.

Trump submitted to the Senate the nominations of John Barger, Christopher Burnham and Frank Dunlevy to be members of the Federal Retirement Thrift Investment Board, to replace current members David Jones, Ronald McCray and Chairman Michael Kennedy. If he wishes to replace Dana Bilyeu and Bill Jasien, he must do so with the advice of the speaker of the House and the Senate majority leader.

The move comes after months of lobbying from some Republican lawmakers and groups like the Committee on the Present Danger that advocate for a more adversarial relationship with China.

CONTINUE READING AT » Government Executive
Notify of
Inline Feedbacks
View all comments