Despite Bipartisan Opposition, Federal Retirement Board Moves Ahead with Controversial Plan to Invest Federal Retirement Savings in China

WASHINGTON — Despite bipartisan opposition from lawmakers in the House and Senate, the Federal Retirement Thrift Investment Board (FRTIB) yesterday proceeded to begin investing federal retirement savings from the Thrift Savings Plan (TSP) — the largest defined contribution plan in the world — in bad-actor Chinese companies. The FRTIB’s new Mutual Fund Window will add…