FRTIBFinal RuleJune 23, 2025

Method of Correcting Errors Involving Retired Lifecycle Funds

Finance & BankingLabor & Workplace

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

Impact Assessment

If you are a federal employee with a Lifecycle Fund, this means the government has established clear procedures to correct any mistakes made with your retirement account and ensure your savings are properly adjusted.

Impact Level

Routine

Geographic Scope

National

Compliance Cost

Minimal

Who is Affected

Federal EmployeesFinancial Institutions

Key Dates

Published

June 23, 2025

Regulatory Connections

Other Documents in This Rulemaking (FRTIB_FRDOC_0001)

FRTIBFinance & Banking

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.