Instapundit reports TSP, the sefl investing retirement plan for govt employees, is playing politcs again with our retirement saving.
Management contracts awarded for managing billions of dollars contributed by civil service employees to the Thrift Savings Plan (TSP) for their retirement conflict with President Donald Trump’s executive order banning spending by federal departments and agencies on programs based on diversity, equity, inclusion (DEI) concepts....
“It’s under the ‘Annual Reports’ section in which the FRTIB requests multiple data points that tie into left-wing DEI ideology. Among the information sought, the agency requires that BlackRock and SSGA/SSIM each ‘Provide a report on the investment manager’s use of women/minority owned brokers,’ ‘Provide data on the firm’s management composition as it relates to women/minorities,’ and ‘Provide a summary of the firm’s diversity philosophy,’” The Federalist report added.
The problem with the TSP mandating DEI activities among its contractors is that Trump’s March 2026 executive order required termination of all such programs within federal departments and agencies because under DEI concepts “employees, applicants, or contracting parties are treated differently, separated, or singled out based on their race or ethnicity, rather than treated equally and objectively based on their merit and without regard to their immutable characteristics.”
so why is TSP allowed to push DEI?
The TSP appears to escape the EO’s mandate because it manages billions of dollars invested by civil service employees but without a specific congressional appropriation for that purpose. As a result, the TSP is not sufficiently subject to the Federal Acquisition Regulations (FAR) to be covered by the EO.
This is not the first time TSP has pushed policies that undermine the USA.
Back in 1990 they added a fund with overseas investments that included Chinese companies associated with the ChiCom military.
I wrote about it here.: and Trump stopped it LINK... more HERE.
more links from the past about the TSP board trying to send money to the Chicoms:: https://pjmedia.com/instapundit/372466 names behind the decision:
as my blog noted:
Who is AonHewitt: Wikipedia article says an investment firm that cares for retiree funds. all over the world. Hewitt expanded into "China" in the early 2000s, before it merged with Aon. my blog back then noted: who is on the employee advisory council? Gov't website; (a) The Board shall establish an Employee Thrift Advisory Council. The Council shall be composed of 15 members appointed by the Chairman of the Board in accordance with subsection (b). so they are from various labor organizations but are appointed by the chairman of the board. How convenient.
I haven't followed the investment stuff since then, but it sounds like the board was infiltrated by those with an agenda.