Thrift Savings Plan Technical Amendments Act of 1990

Summary

Requires the Executive Director of the Federal Retirement Thrift Investment Board to issue regulations which require employing agencies to pay the Thrift Savings Fund amounts representing lost earnings because of such agencies' errors in connection with the Thrift Savings Plan. Requires that such regulations provide for: (1) procedures for determining whether an employing agency error has occurred; (2) which agencies are responsible for correcting the error; and (3) the manner in which the error shall be corrected. Allows the Executive Director to provide in such regulations for exceptions from this Act's requirements to the extent that correction of an error is not administratively feasible. Provides that determinations of administrative feasibility shall include consideration of the error's correction costs and the benefits to the Funds' participants and beneficiaries derived from such correction. Specifies guidelines for such regulations to provide for employing agency payments to the Fund. Provides that amounts required to be paid by an employing agency shall be paid from the agency's salary appropriation or fund. Allows a civil action to recover Thrift Savings Plan benefits if an employing agency error affecting the Plan cannot be corrected or an agency fails to take required action under this Act. Removes certain restrictions on investments by Thrift Savings Plan participants in the Government Securities Investment Fund.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

No timeline events have been ingested for this record yet.

Votes

No vote records are attached yet.

Versions

No version snapshots stored. Document URLs remain at the source.

Documents

11 official files

• Reported to Senate (text)

  Reported to Senate · EN

  ViewDownloadOpen at official source

• Reported in House (text)

  Reported in House · EN

  ViewDownloadOpen at official source

• Referred in Senate (text)

  Referred in Senate · EN

  ViewDownloadOpen at official source

• Reference Change Senate (text)

  Reference Change Senate · EN

  ViewDownloadOpen at official source

• Introduced in House (text)

  Introduced in House · EN

  ViewDownloadOpen at official source

• Enrolled Bill (text)

  Enrolled Bill · EN

  ViewDownloadOpen at official source

• Engrossed in House (text)

  Engrossed in House · EN

  ViewDownloadOpen at official source

• Public Law (PDF)

  Public Law · EN · 18 July 1990

  ViewDownloadOpen at official source

• Passed House amended

  summary · EN · 24 April 1990

  Open at official source

• Reported to House with amendment(s)

  summary · EN · 19 April 1990

  Open at official source

• Introduced in House

  summary · EN · 31 May 1989

  Open at official source

Sponsors

No sponsors or actors listed by the source.

Related records

No cross-record relationships stored yet.