Federal Savings Plan Delays Move to Index With Chinese Stock
- Move comes as Trump advisers pushed board to block investments
- Lawmakers, advisers cite national security risk as main reason
Photographer: Mark Wilson/Getty Images
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The board overseeing a retirement-savings plan for federal workers is deferring a change in the benchmark index it uses for its international fund to a gauge that includes Chinese stocks.
The Federal Retirement Thrift Investment Board was under pressure from the Trump administration and some lawmakers in Congress to delay the move.