Each of these persons is required by FERSA to have "substantial experience, training, and expertise in the management of financial investments and pension benefit plans."

The board and the executive director convene monthly in meetings open to the public to review policies, practices, and performance.

President Clinton appointed James H. Atkins to replace him, and the board named Mehle the agency's executive director.

[10] In November 2019, U.S. senators Marco Rubio and Jeanne Shaheen introduced legislation, the Taxpayers and Savers Protection Act, to force the Board to divest from unaudited Chinese companies.

[11] In May 2020, a directive from the United States Department of Labor ordered the TSP to halt a plan to invest in Chinese stocks.

[13] Since July 2022, federal employees have the option of investing in mutual funds that have holdings in sanctioned Chinese companies.