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document_number title type abstract publication_date pub_year pub_month html_url pdf_url agency_names agency_ids excerpts
01-6042 Correction of Administrative Errors Rule The Executive Director of the Federal Retirement Thrift Investment Board (Board) is amending the Board's regulations on correction of administrative errors to change the period of time for submission of claims for the correction of errors in a participant's Thrift Savings Plan (TSP) account. As presently written, certain sections of the regulations impose conflicting duties upon participants to file claims for correction of errors in their TSP accounts within one year of receipt of notice of an error, and also upon employing agencies or the Board to correct an error without regard to when the error is discovered. The amended regulation resolves this conflict by specifying when errors must be corrected by the employing agency, the Board, or the TSP record keeper, as the case may be, and when they may be corrected in the sound discretion of these parties. In addition, the amended regulation provides that lost earnings in back pay cases involving separations from service will be calculated based upon the G Fund rates of return, as the regulation presently provides, or as otherwise requested by the parties or ordered by a court or other tribunal with jurisdiction over the back pay case. 2001-03-12 2001 3 https://www.federalregister.gov/documents/2001/03/12/01-6042/correction-of-administrative-errors https://www.govinfo.gov/content/pkg/FR-2001-03-12/pdf/01-6042.pdf Federal Retirement Thrift Investment Board 189 The Executive Director of the Federal Retirement Thrift Investment Board (Board) is amending the Board's regulations on correction of administrative errors to change the period of time for submission of claims for the correction of errors in a...

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