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The Federal Retirement Thrift Investment Board (FRTIB) has finalized a rule that allows the Thrift Savings Plan (TSP) record keeper to calculate gains and losses on small contributions and loan payments, even if they are less than $1.00. This change updates a previous rule that did not account for these small amounts due to past limitations, which are now considered obsolete. The rule affects federal employees and members of the uniformed services involved in the TSP and ensures accurate financial records for all contributions, regardless of size. No significant economic impact on small entities is expected, and no additional reporting requirements are introduced.

The Federal Retirement Thrift Investment Board (FRTIB) has proposed a new rule allowing the Thrift Savings Plan (TSP) record keeper to calculate financial gains or losses, known as breakage, on late or erroneous small contributions and loan payments, even if they total less than $1.00. Previously, the TSP did not calculate breakage if the amount was under $1.00, but technological advancements have made this rule outdated. This proposed rule aims to ensure employees' investments are accurately tracked, even for minor discrepancies. Public comments on this proposal are accepted until February 18, 2025.