11 Jul 2025
💼Correction of Administrative Errors in Federal Retirement Regulations
Correction of Administrative Errors
Summary
This regulation published by the Federal Retirement Thrift Investment Board corrects errors in the Code of Federal Regulations regarding back pay awards and contribution elections. The amendments clarify the responsibilities of employing agencies to enable timely employee contribution elections upon reinstatement or retroactive appointment, ensuring compliance with retirement plan provisions.
Agencies
- Federal Retirement Thrift Investment Board
Business Impact
$$ - Med
The regulation corrects procedural requirements for back pay and contribution elections related to federal retirement plans. This directly affects agencies managing employee pay, requiring timely compliance with administrative processes—impacting financial operations within businesses that may engage federal employees.