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 reviews of participant activity, including rollovers and Secure Act 2.0 implementation. A legislative report provided updates on congressional activities, though noted no direct impacts to the Agency or Thrift Savings Plan. The board conducted a quarterly investment review, noting strong performance in F, C, S, and I funds and updates on proxy voting and securities litigation. A budget review for the third quarter of fiscal year 2026 was presented, alongside an audit status report showing a downward trend in open recommendations. Additionally, BlackRock provided an annual service overview, detailing their investment philosophy, performance metrics across various funds, and securities lending activities.
May 28, 2026·Board meeting
Federal Retirement Thrift Investment Board Minutes Of The Meeting Of The Board Members And The Employee Thrift Advisory Council
The joint board meeting covered several key reports and updates. This included a review of participant activity and investment performance, a legislative report on funding bills, and a quarterly metrics report regarding agency performance targets. Additionally, the results of the annual financial statement audit were presented, receiving a clean opinion. The Office of Participant Experience provided an annual update, highlighting recent initiatives such as Roth in-plan conversions, participant satisfaction rates, and planned service improvements, including adjustments to withdrawal processes and banking information updates in compliance with SECURE 2.0 requirements.
Apr 28, 2026·Board meeting
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.
