WASHINGTON, April 16 -- Federal Retirement Thrift Investment Board has issued a rule called: Breakage on Late Contributions, Makeup Contributions, and Loan Payments.
The rule was published in the Federal Register on April 16 by Ravindra Deo, Executive Director, Federal Retirement Thrift Investment Board.
Summary: The Federal Retirement Thrift Investment Board (FRTIB) adopts as final, without changes, the proposed rule permitting the TSP record keeper to calculate gains and losses on late contributions, makeup contributions, loan payments even when the total amount on a late payment record or total agency contributions on a current payment record is less than $1.00.
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