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DEI Mandates In Federal Retirement Agency Contracts Are At Odds With Trump’s Discrimination Ban

The Federal Retirement Thrift Investment Board’s contracts with BlackRock and SSGA to oversee a federal retirement program contain DEI mandates that are at odds with Trump’s agenda.

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President Trump has taken significant steps to crack down on the pervasiveness of racist DEI ideology throughout the federal government. But even amid such efforts, there are pockets within the bureaucracy where this worldview remains at large.

The latest example of this phenomenon comes in the form of federal contracts to a pair of high-profile investment firms to manage a major government retirement program. Obtained by The Federalist, these agreements contain preferred race- and sex-centric mandates that run counter to the administration’s efforts to root out such discriminatory ideology from the federal bureaucracy.

The controversial requirements are included in the Federal Retirement Thrift Investment Board’s (FRTIB) 2020 contracts with asset managers BlackRock and State Street Global Advisors (SSGA) (now State Street Investment Management (SSIM)) to oversee the Thrift Savings Plan (TSP), which essentially operates as a 401(k) for federal employees and uniformed service members. The FRTIB is an independent agency established in 1986 that seeks to assist these individuals “prepare for their retirement years via the TSP,” according to its website.

The contracts contain numerous requirements that the two investment firms must fulfill as part of their contractual obligations in managing TSP. Several of those mandates appear to align with DEI (diversity, equity, and inclusion) ideology, which dismisses merit and instead discriminates based on characteristics like skin color and sex.

Under a section titled “Deliverables,” the contracts specify that BlackRock and SSGA/SSIM must provide a series of reports to the FRTIB Contracting Officer’s Representative (COR) that “shall be reviewed and updated every year to reflect changes in policies and procedures and any applicable regulatory guidance.” These........

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