I Fund Change Still on Hold and Finance Friday Articles

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Here is an update about the Thrift Savings Plan I Fund change that is still on hold. The change would move the I Fund from holding only developed international stocks to holding developed and emerging markets (including China, which is/was the political issue):

One of the TSP board’s five seats is vacant and the other four are being held on holdover status. Biden will have discretion to make three nominations and the other two seats also are in the hands of Democrats since those nominees are chosen by the House speaker and Senate majority leader.

That board typically is not seen as partisan in nature although a partisan note was introduced last year when President Trump made three nominations just as the board was about to implement a long-planned expansion of the international stock I fund to cover more countries, including China. That plan was then put on indefinite hold and it remains suspended even though Trump’s nominees were not confirmed.

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