Federal Retirement Thrift Investment Board Minutes Of The Meeting Of The Board Members
The board reviewed participant activity, investment program performance, legislative updates, and quarterly performance metrics. Internal audit progress and the FY 2026 FISMA audit results were presented, confirming the agency's effective information security program. The Chief Financial Officer provided an annual update on financial management and operations. Additionally, the board reviewed and approved the budget proposal for FY 2027 through FY 2029, which includes funding for organizational improvements, participant experience enhancements, and IT service delivery.
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Federal Retirement Thrift Investment Board Minutes Of The Meeting Of The Board Members
The meeting featured a review of the Participant Activity Report, highlighting rollovers into the Thrift Savings Plan. A legislative report discussed budget resolutions and potential provisions for the mutual fund window. The investment review covered fund performance relative to benchmarks, interfund transfer rates, and proxy voting audits. The quarterly budget review and an update on the status of external audits were provided, followed by an annual presentation on the Fiduciary Oversight Audit Program. Additional discussions included updates on enterprise risk management, the internal audit plan, and the organizational structure and human capital initiatives of the Office of Resource Management, including return-to-office mandates.