FRTIBFinal Rule
Method of Correcting Errors Involving Retired Lifecycle Funds
Finance & BankingLabor & Workplace
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Summary
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.
Key Points
- 1Establishes a clear process for identifying and correcting errors in federal employee Lifecycle Funds (retirement accounts that automatically adjust investments based on your expected retirement date)
- 2Applies to the Federal Retirement Thrift Investment Board (FRTIB), the agency that manages retirement savings for federal workers
- 3Protects federal employees by requiring the government to fix account errors and restore any lost funds or earnings that employees should have received
- 4Ensures that correction procedures are consistent and fair across all affected accounts
- 5Went into effect June 23, 2025
Key Dates
Published
June 23, 2025
This summary is for informational purposes only. It may not capture all nuances of the regulation. Always refer to the official text for authoritative information.
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