Federal Managers Association
In the News
- Lawmakers Calls for Inspector General Oversight of the TSP - September 7, 2022
By Erich Wagner, Government Executive
Following months of complaints surrounding the federal government’s 401(k)-style retirement savings program’s transition to a new recordkeeper, one Democrat in Congress is calling for more permanent oversight of the Thrift Savings Plan.
Del. Eleanor Holmes Norton, D-D.C., announced Tuesday that she has introduced legislation that would establish an inspector general’s office for the agency that administers the TSP. The Federal Retirement Thrift Investment Board Inspector General Act (H.R. 8763) simply adds the FRTIB to the list of agencies required to have inspectors general in federal law.
To read the full article, click here.