Attempts by Republicans on Capitol Hill to prevent millions of federal workers from using their retirement savings — and subsequent taxpayer-dollar matches — to invest in funds that make decisions based on environmental, social or governance criteria were unsuccessful.
The Thrift Savings Plan, the largest defined contribution retirement plan in the world worth more than $820 million at the end of 2021, is the equivalent of a 401(k) for those employed by the federal government, including members of Congress.
As of June 1, TSP participants are able to invest their retirement money in 5,000 mutual funds — up from just five — some of which…
