Greg Long, executive director of the Federal Retirement Thrift Investment Board overseeing the $490 billion Thrift Savings Plan, Washington, is leaving May 5.
Mr. Long made the announcement at the board’s meeting Monday. He did not disclose any future plans.
Chief Investment Officer Ravindra Deo will serve as acting executive director while the board conducts a national search. Mr. Deo joined the board in 2015 and has also previously served as acting chief operating officer.
Chairman Michael Kennedy said in a statement that “Greg worked tirelessly to improve the TSP for the benefit of the five million TSP participants. We are very grateful for his dedication to the employees of the FRTIB.”
Mr. Long said that accomplishments during his tenure include making immediate agency contributions to participant accounts, automatic enrollment of new federal employees, spousal beneficiary accounts, Roth TSP accounts and the automatic enrollment of military members beginning in January 2018. New federal employees that formerly were automatically enrolled into the TSP’s G Fund have been enrolled in the L Fund since 2015.
Mr. Long began with FRTIB in 2006 as director of product development for the TSP, and became executive director in March 2007.