[Federal Register Volume 89, Number 53 (Monday, March 18, 2024)]
[Rules and Regulations]
[Page 19225]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2024-05614]



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 Rules and Regulations
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 This section of the FEDERAL REGISTER contains regulatory documents 
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  Federal Register / Vol. 89, No. 53 / Monday, March 18, 2024 / Rules 
and Regulations  

[[Page 19225]]



FEDERAL RETIREMENT THRIFT INVESTMENT BOARD

5 CFR Part 1631


Technical Correction

AGENCY: Federal Retirement Thrift Investment Board.

ACTION: Correcting amendment.

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SUMMARY: The Federal Retirement Thrift Investment Board (FRTIB) is 
making technical revisions to its regulations after a reorganization of 
the Office of Participant Services and Office of Communications and 
Education into a new Office of Participant Experience. This action 
makes no substantive regulatory changes.

DATES: Effective March 18, 2024.

FOR FURTHER INFORMATION CONTACT: Magali Matarazzi at (202) 864-7006.

SUPPLEMENTARY INFORMATION: The FRTIB administers the Thrift Savings 
Plan (TSP), which was established by the Federal Employees' Retirement 
System Act of 1986 (FERSA), Public Law 99-335, 100 Stat. 514. The TSP 
provisions of FERSA are codified, as amended, largely at 5 U.S.C. 8351 
and 8401-79. The TSP is a tax-deferred retirement savings plan for 
Federal civilian employees and members of the uniformed services. The 
TSP is similar to cash or deferred arrangements established for 
private-sector employees under section 401(k) of the Internal Revenue 
Code (26 U.S.C. 401(k)).

Office Name Change

    The FRTIB has reorganized the Office of Participant Services and 
Office of Communications and Education into a new Office of Participant 
Experience. This amendment to 5 CFR 1631.3 revises references to former 
offices of the FRTIB to reflect their new name.

Administrative Procedures Act

    The FRTIB is promulgating these corrections without advance notice 
or an opportunity for comment because the FRTIB for good cause finds 
that notice and public comment are unnecessary, impracticable, or 
contrary to the public interest under the ``good cause'' exemption of 
the Administrative Procedure Act (``APA''). 5 U.S.C. 553(b)(B). The 
FRTIB finds that notice and comment are unnecessary here because these 
corrections are merely typographical and technical; they effect no 
substantive changes to any rule. For the same reason, these corrections 
fall within the ``good cause'' exception to the delayed effective date 
provisions of the APA and the Congressional Review Act. 5 U.S.C. 
553(d)(3) and 808(2). Accordingly, these corrections are effective upon 
publication in the Federal Register.

Regulatory Flexibility Act

    This regulation will not have a significant economic impact on a 
substantial number of small entities. This regulation will affect 
Federal employees, members of the uniformed services who participate in 
the TSP, and beneficiary participants.

Paperwork Reduction Act

    This regulation does not require additional reporting under the 
criteria of the Paperwork Reduction Act.

Unfunded Mandates Reform Act of 1995

    Pursuant to the Unfunded Mandates Reform Act of 1995, 2 U.S.C. 602, 
632, 653, and 1501-1571, the effects of this regulation on State, 
local, and tribal governments and the private sector have been 
assessed. This regulation will not compel the expenditure in any one 
year of $100 million or more by State, local, and tribal governments, 
in the aggregate, or by the private sector. Therefore, a statement 
under 2 U.S.C. 1532 is not required.

Submission to Congress and the General Accounting Office

    Pursuant to 5 U.S.C. 801(a)(1)(A), the FRTIB submitted a report 
containing this rule and other required information to the U.S. Senate, 
the U.S. House of Representatives, and the Comptroller General of the 
United States before publication of this rule in the Federal Register. 
This rule is not a major rule as defined at 5 U.S.C. 804(2).

List of Subjects in 5 CFR Part 1631

    Availability of records.

Ravindra Deo,
Executive Director, Federal Retirement Thrift Investment Board.

    For the reasons stated in the preamble, the FRTIB amends 5 CFR 
Chapter VI as follows:

PART 1631--AVAILABILITY OF RECORDS

Subpart A--Production or Disclosure of Records Under the Freedom of 
Information Act, 5 U.S.C. 552

0
1. The authority citation for subpart A of part 1631 continues to read 
as follows:

    Authority: 5 U.S.C. 552.


0
2. Amend Sec.  1631.3 by revising paragraphs (a)(1) through (a)(10) and 
removing paragraph (a)(11) to read as follows:


Sec.  1631.3   Organization and functions.

    (a) * * *
    (1) The five part-time members who serve on the Board;
    (2) The Office of the Executive Director;
    (3) The Office of Participant Experience;
    (4) The Office of General Counsel;
    (5) The Office of Investments;
    (6) The Office of Planning and Risk;
    (7) The Office of External Affairs;
    (8) The Office of Chief Financial Officer;
    (9) The Office of Resource Management; and
    (10) The Office of Technology Services.
* * * * *
[FR Doc. 2024-05614 Filed 3-15-24; 8:45 am]
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