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Thread: TSP Thrift Board Chairman Resigns

  1. #1

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    Default TSP Thrift Board Chairman Resigns

    Board Chairman announces resignation

    Federal Retirement Thrift Investment Board Chairman Michael Kennedy has submitted a letter of resignation to the President, effective June 30, 2020, to pursue another opportunity. The Board will continue to have a quorum and will be able to conduct necessary Board business. On May 4, 2020, the President sent three nominations for the Board to the Senate. Board Member David A. Jones will serve as Acting Chairman until the new Board Members are confirmed by the Senate.


    Letter of resignation:

    https://www.tsp.gov/PDF/formspubs/Pr...esignation.pdf


    Sent from my iPhone using TSP Talk Forums


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  3. #2

    Default Re: TSP Thrift Board Chairman Resigns

    Well, he was one of the three who was to be replaced. Get out on your own terms while you can.
    Allocations as of COB Dec 28 : 100% S. | Retirement Date:Dec 2022
    Past Returns:
    2019 27.97%, 2018 -3.36%, 2017 13.10%, 2016 -1.79%, 2015 8.71%,5Yr Avg 8.35%

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  5. #3

    Default Re: TSP Thrift Board Chairman Resigns

    From what i read on GOVEXEC that there was pressure from the top which caused this. Maybe we are going about trying to get changes to the amount trades we get completely wrong. Instead of complaining to the TSP board who could care less about us, we should go to the top, the man himself i.e. Mr Turmp. Seems he can make things happen amongst the TSP Mafia heads.

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  7. #4

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    Default Re: TSP Thrift Board Chairman Resigns

    Right On Quabit! Good riddance to the 3 %$&@@(!...one down, two to go! I really despise when non-elected Government officials refuse to take direction from those who are, or to listen to their customers.
    CURRENT: 6-25-20 = 100%G // Prior: 6-16-20=G85%-15%S //6-12-20=G70%-15%S-15%I// Chart Links=Page 241-242, posts#2892-2894, older ones Page 215, #2575-76

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  9. #5

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    Default Re: TSP Thrift Board Chairman Resigns

    Quote Originally Posted by DreamboatAnnie View Post
    Right On Quabit! Good riddance to the 3 %$&@@(!...one down, two to go! I really despise when non-elected Government officials refuse to take direction from those who are, or to listen to their customers.
    Hey, at least we don't have to phone in or snail mail our IFT's anymore.
    May the force be with us.

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