Thrift Savings Plan Participation for Certain Employees of the District of Columbia Financial Responsibility and Management Authority

Zusammenfassung

The Executive Director of the Federal Retirement Thrift Investment Board is publishing interim regulations to implement sections 102 (e) and (f) of the District of Columbia Financial Responsibility and Management Assistance Act of 1995 (Act), as amended. Under this Act, a newly hired employee of the District of Columbia Financial Responsibility and Management Assistance Authority (Authority) can elect FERS retirement coverage; and certain persons who separate from Federal employment and who are employed by the Authority may elect to participate in the Federal retirement system in which they last participated before separating from Federal service. These regulations address participation in the Thrift Savings Plan (TSP) by eligible employees of the Authority who elect Federal retirement coverage. These regulations do not apply to eligibility to participate in retirement programs administered by the Office of Personnel Management (OPM).