TSP BOARD MAY SEEK ADDITIONAL FUNDS - April 26, 2016
TSP Officials Say They Might Need to Ask for More Money
By Kellie Lunney, Government Executive
Officials at the Federal Retirement Thrift Investment Board (FRTIB) stated they may need additional funds, as they have spent $151 million of the FRTIB's $220 million budget allocation for fiscal year 2016. The FRTIB is conducting a review to determine if this will be necessary, and expects to know more by its May meeting. Upgrades to cybersecurity and external audits are causing the strain on FRTIB's budget.