Federal Retirement Thrift Investment Board September 2020 – Federal Register Recent Federal Regulation Documents
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Senior Executive Service Performance Review Board
This notice announces the appointment of the members of the Senior Executive Service Performance Review Board for the Federal Retirement Thrift Investment Board. The purpose of the Performance Review Board is to make written recommendations on each executive's annual summary ratings, performance-based pay adjustment, and performance awards to the appointing authority.
Automatic Enrollment Program; Correction
The Federal Retirement Thrift Investment Board (``FRTIB'') published a final rule in the Federal Register on September 16, 2020 concerning changes to the automatic enrollment percentage and a clarification regarding installment payments calculated based on life expectancy. This document contained effective dates for the changes but not for the rule itself.
Temporary Waiver of Notarization Requirement for Spousal Consent
With this final rule, the Federal Retirement Thrift Investment Board (``FRTIB'') is withdrawing its temporary waiver of the requirement to notarize a spouse's signature on withdrawal election forms.
Automatic Enrollment Program
The Federal Retirement Thrift Investment Board (``FRTIB'') is amending its regulations to increase the automatic enrollment percentage from 3 percent to 5 percent of basic pay for all participants who are automatically enrolled in the Thrift Savings Plan (TSP) on or after October 1, 2020 and for Blended Retirement Service (BRS) participants who are automatically re-enrolled in the TSP on or after January 1, 2021. In addition, the FRTIB is making a non- substantive clarification regarding installment payments calculated based on life expectancy.
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