WASHINGTON, May 8 -- Federal Retirement Thrift Investment Board has issued a proposed rule called: Method of Correcting Errors Involving Retired Lifecycle Funds.
The proposed rule was published in the Federal Register on May 8 by Ravindra Deo, Executive Director, Federal Retirement Thrift Investment Board.
Summary: The Federal Retirement Thrift Investment Board (FRTIB) is proposing to amend its regulation regarding the method for correcting errors involving Lifecycle Funds that no longer exist. Specifically, it is reverting to the use of a constructed share price to calculate breakage and the value of negative adjustments for errors involving Lifecycle Funds that no longer exist as of June 1, 2022.
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