FRTIB
Federal agency responsible for regulations under FRTIB.
12 regulationsRoth In-Plan Conversion; Correction
This regulation allows federal employees to convert money from their traditional retirement accounts into Roth accounts, which offer different tax benefits. The change gives workers more flexibility in how they manage their retirement savings and plan their taxes.
Roth In-Plan Conversions
This regulation allows federal employees and retirees to convert some of their traditional retirement savings into Roth accounts, which offer tax advantages for withdrawals in retirement. This gives federal workers more flexibility in managing their taxes and retirement income planning.
Curing Missed Loan Payments
This regulation from the Federal Retirement Thrift Investment Board (FRTIB) creates a new process that allows federal employees and retirees to catch up on loan payments they've missed without losing their borrowing privileges. The rule makes it easier for people to get back on track financially by giving them a structured way to repay what they owe.
Roth In-Plan Conversions
This proposed regulation would allow federal employees and retirees to convert a portion of their traditional retirement savings into Roth accounts, which offer tax-free growth and withdrawals in retirement. The change gives workers more flexibility in managing their taxes and could result in significant tax savings for some people, though it requires paying taxes upfront on the converted amount.
Correction of Administrative Errors; CFR Correction
The Federal Retirement Thrift Investment Board (FRTIB) is correcting mistakes in how their rules are written in the official Code of Federal Regulations. This is a housekeeping measure to fix errors and make sure the published rules match what was actually intended, which helps federal employees and retirees who depend on these retirement savings programs.
Procedures for Applying Payments to Principal and Interest upon Loan Reamortization
This regulation sets out the rules for how the Federal Retirement Thrift Investment Board (FRTIB) will apply loan payments when borrowers restructure their federal employee retirement loans. It clarifies which portions of payments go toward principal (what you owe) versus interest (the cost of borrowing), ensuring borrowers understand exactly where their money is going.
Method of Correcting Errors Involving Retired Lifecycle Funds
This regulation sets out the official procedures for fixing mistakes made in Lifecycle Funds, which are retirement investment accounts managed by the federal government for federal employees. The rule explains how the government will correct errors and make things right if something goes wrong with your retirement savings in these funds.
Curing Missed Loan Payments
This proposed rule from the Federal Retirement Thrift Investment Board (FRTIB) would allow federal employees and retirees who have missed loan payments on their Thrift Savings Plan loans to catch up without losing their borrowing privileges. The rule aims to help people recover from temporary financial hardship while protecting the retirement savings program.
Method of Correcting Errors Involving Retired Lifecycle Funds
The Federal Retirement Thrift Investment Board is proposing a new process for fixing mistakes related to Lifecycle Funds, which are retirement investment accounts that automatically adjust risk as workers get closer to retirement. This rule matters because retirement savings errors could cost workers money, and having a clear correction process helps protect people's nest eggs.
Methodology for Calculating Earnings on Court-Ordered Payments
This regulation sets out how the Federal Retirement Thrift Investment Board (FRTIB) will calculate earnings on money that courts order to be paid, such as in divorce settlements or legal judgments involving federal employee retirement accounts. The new methodology ensures that people receiving these court-ordered payments get a fair share of any investment gains that occurred while the money was in the retirement account.
Procedures for Applying Payments to Principal and Interest upon Loan Reamortization
The Federal Retirement Thrift Investment Board (FRTIB) is proposing new rules for how loan payments are applied when federal employees refinance their retirement savings loans. This affects how much of each payment goes toward reducing what you owe versus paying interest, which can impact how quickly your loan is paid off.
Breakage on Late Contributions, Makeup Contributions, and Loan Payments
This Federal Retirement Thrift Investment Board regulation addresses how investment gains or losses are handled when people make late retirement savings contributions, catch-up contributions, or loan repayments to their Thrift Savings Plan accounts. The rule ensures that participants receive fair treatment by adjusting their accounts based on actual investment performance during the time their money was delayed.