H.R. 2514 · 101st Congress · enacted
Thrift Savings Plan Technical Amendments Act of 1990
Became Public Law No: 101-335.
Latest official action 1990-07-17 · Enacted
The bill, briefly
Thrift Savings Plan Technical Amendments Act of 1990 - Requires the Executive Director of the Federal Retirement Thrift Investment Board to prescribe regulations requiring employing agencies to pay the Thrift Savings Fund amounts representing lost earnings resulting from such agencies' errors relating to the Thrift Savings Plan. Provides that if the error involves an employing agency's failure to deduct contributions from an individual's basic pay, such regulations shall not provide for the payment of any lost earnings which would be attributable to: (1) such contributions; or (2) any related contributions that the employing agency is not required to make up. Permits such regulations to: (1) provide for exceptions from this Act's requirements to the extent that the correction of an error is not administratively feasible; and (2) require an employing agency to reimburse the Thrift Savings Fund for costs incurred by the Fund in implementing corrections of employing agency errors. Provides that amounts required to be paid by an employing agency shall be paid from the agency's salary appropriation or fund. Removes restrictions on Thrift Savings Plan participants under the Civil Service Retirement System (CSRS) and Federal Employees Retirement System (FERS) that, respectively: (1) limit their investments entirely to the Government Securities Investment Fund; and (2) limit the amoun…
Congressional Research Service · 1990-04-24
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Amount spent specifically on this bill: not disclosed
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Politicians behind the bill
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What happened after enactment?
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