Search Results for agency_names:"Federal Retirement Thrift Investment Board"

The Federal Retirement Thrift Investment Board announced a board meeting set for January 26, 2021, which will be held over the phone. Participants can join by dialing a specified number or accessing a web link provided. The meeting will cover several topics, including the approval of previous meeting minutes, participant activity and legislative reports, and updates on investment policy, budget, and internal audits. There will also be a closed session to discuss matters covered under specific legal provisions. The meeting is organized in accordance with the legal authority of 5 U.S.C. 552b.

The Federal Retirement Thrift Investment Board (FRTIB) is proposing a change to the rules about how loans from the Thrift Savings Plan are managed. Currently, any interest that has already been collected on a loan must be paid off before payments can be made toward the principal and current interest. The new rule suggests that the interest be added to the principal when recalculating the loan, making the process more in line with the practices used for similar private-sector plans. This change will not significantly impact small entities or require additional reporting.

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the TSP did not calculate breakage if the amount was under $1.00, but technological advancements have made this rule outdated.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.

The Federal Retirement Thrift Investment Board announced a board meeting scheduled for January 28, 2025, at 10 a.m. Eastern Time. The meeting will be held via telephone and online, with access information provided. During the open session, agendas include the approval of previous meeting minutes, various monthly and quarterly reports, updates on recordkeeper services, and an internal audit update. A closed session will also take place to cover specific confidential topics.

The Federal Retirement Thrift Investment Board has announced a telephonic board meeting scheduled for March 25, 2025, at 9 a.m. ET. Participants can join by calling 1-202-599-1426 with the code 525 175 495# or through their website. The agenda includes discussing reports and conducting an investment manager review in an open session, and a closed session will cover confidential matters. The meeting details were filed by Dharmesh Vashee, the General Counsel of the Board.

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 announced a telephonic meeting scheduled for February 23, 2021, at 10 a.m. During the open session, they will discuss several topics, including the approval of the previous meeting's minutes, monthly and quarterly reports on participant activities, investment performance, and legislative updates. The meeting will also feature updates on multi-asset managers and a report related to the Federal Information Security Modernization Act. Some parts of the meeting will be closed to the public due to privacy considerations, and there will be a training session on records management.

The Federal Retirement Thrift Investment Board has announced a meeting scheduled for December 19, 2024, at 10 a.m. ET, which will be conducted via phone and online. During the open session, the Board will approve the minutes from the previous meeting, review various reports, and look over the 2025 Board calendar. A closed session will follow, where confidential matters will be addressed under specific legal guidelines. Any inquiries can be directed to Kimberly Weaver from the Office of External Affairs.

The Federal Retirement Thrift Investment Board (FRTIB) has finalized a rule, without changes, that updates how they calculate the earnings and losses for court-ordered payments involving Thrift Savings Plan (TSP) participants. This rule affects payments to spouses, former spouses, children, or dependents when a court order is issued. The new methodology aligns with industry standards, calculating earnings through an internal rate of return that considers how cash flows like contributions or loans affect investment performance. This ensures that the final payout is based on both the award amount and the actual investment earnings from the relevant period.

The Federal Retirement Thrift Investment Board will hold a telephonic board meeting on April 22, 2025, at 10 a.m. ET. The open session agenda includes the approval of the March meeting minutes, multiple reports like the participant, legislative, investment, budget, and audit status reports, and updates from various internal offices. There is also a closed session where sensitive information will be discussed. For further details, contact James Kaplan, Director of the Office of External Affairs.