United States Government Publishing Office publisher pbl distributor dst United States Government Accountability Office author aut Government Organization text government publication eng GAOREPORTS Legislative Agency Publications gao legislative 2010-08-12 U.S. Government Printing Office 2003-04-23 monographic deposited born digital 22 p. GA 1.13:GAO-03-400 https://www.govinfo.gov/app/details/GAOREPORTS-GAO-03-400 P0b002ee1803799e8 f:d03400 DGPO 2010-08-12 2011-03-24 GAOREPORTS-GAO-03-400 machine generated eng fdlp REPORT GAOREPORTS-GAO-03-400 GAO-03-400 Civil service pensions Federal employee retirement programs Financial management Records management Reporting requirements Retirement pensions Federal Employees Retirement System Thrift Savings Plan Other Written Product A06720

The Thrift Savings Plan (TSP) is a retirement savings and investment plan for federal employees, governed by the Federal Retirement Thrift Investment Board (the TSP Board). Recent events relating to the TSP Board's contract to upgrade TSP's record keeping system have raised questions about the management of the TSP. In light of the TSP Board's actions relating to the record keeping system and the recent submission of the TSP Board's legislative proposal that would enhance its independence, Congressional requesters asked us to examine federal oversight of the TSP Board. Specifically, our objectives were to (1) describe the Department of Labor's (DOL) oversight authority, under the Federal Employees' Retirement System Act of 1986 (FERSA) and (2) determine the actions DOL has taken in exercising its authority over TSP. https://www.govinfo.gov/content/pkg/GAOREPORTS-GAO-03-400/html/GAOREPORTS-GAO-03-400.htm https://www.govinfo.gov/content/pkg/GAOREPORTS-GAO-03-400/pdf/GAOREPORTS-GAO-03-400.pdf GAO-03-400 https://www.govinfo.gov/app/details/GAOREPORTS-GAO-03-400 Other Written Product GAO-03-400; Federal Pensions: DOL Oversight and Thrift Savings Plan Accountability; Civil service pensions Federal employee retirement programs Financial management Records management Reporting requirements Retirement pensions Federal Employees Retirement System Thrift Savings Plan Title 5 Section 3106 5 U.S.C. 3106 Title 7 Section 216 7 U.S.C. 216 Title 12 Section 1819 12 U.S.C. 1819 Title 28 Section 516 Title 28 Section 519 28 U.S.C. 516 28 U.S.C. 519 Title 29 Section 663 29 U.S.C. 663 Public Law 100-238 Public Law 100-504