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.
Jun 23, 2026·Board meeting
Federal Retirement Thrift Investment Board Minutes Of The Meeting Of The Board Members
The board meeting included a review of the monthly Participant Activity Report, which showed record-high participant interaction and satisfaction levels, along with trends in loan and hardship withdrawal usage. The Investment Report detailed fund performance, including the impact of fair value pricing on international fund benchmarks and record asset levels for the C, I, and L funds. Additionally, the legislative report provided updates on congressional appropriations negotiations and new legislation regarding electronic fund transfers for rollovers. Finally, the board reviewed the quarterly vendor risk management report for the first quarter of 2026, confirming that critical vendors are meeting their contractual obligations.
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.
