President Trump has nominated three people to the board that oversees federal employees pension funds – who if confirmed will give the president the majority votes needed to eliminate Communist Chinese investments.
The nominees – John M. Barger, of California; Christopher Bancroft Burnham, of Connecticut, and Frank Dunlevy, of California – if confirmed by the Senate to the Federal Retirement Thrift Investment Board would replace board members whose term has expired.
The five-person board oversees the Thrift Savings Plan, a retirement savings fund that is similar to a 401(k) for federal employees and military members.
The Trump appointees would reverse the board's 2017 decision to allow the TSP's $50 billion international fund to track an index that include some China-based stocks of companies accused of human rights abuses, violating sanctions and aiding the Red Chinese military, according to Thomson Reuters.
Barger, Burnham and Dunlevy will serve either a two- or four-year term.
https://justthenews.com/politics-policy/all-things-trump/president-trump-puts-imprint-federal-retirement-thrift-investment