H.R. 2514: Federal Retirement Thrift Savings Plan : Statement of Bernard L. Ungar, Director, Federal Human Resource Management Issues, General Government Division, Before the Subcommittee on Compensation and Employee Benefits, Committee on Post Office and Civil Service, House of Representatives
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2514 would authorize accounts from appropriated administrative errors agencies to pay authorize federal agencies believe agencies common stock index Compensation and Employee component covered by FERS CSRS Department earnings lost eligible FERS employees eligible to contribute Employee Thrift Savings employees covered Employees Retirement System express mandate F fund Federal Employees Retirement FEDERAL HUMAN RESOURCE Federal Retirement Thrift fixed income index fund C fund fund F fund GAO supports HUMAN RESOURCE MANAGEMENT identify participation rates income index investment index investment fund less than employees low participation rates matching government contributions meet their personal participation rates varied Pay Lost Earnings payments to employee percent personal investment goals reasons why participation received matching government remove restrictions RESOURCE MANAGEMENT ISSUES restrictions on investments Retirement System Act Savings Plan Accounts Service Retirement System stock index investment Subcommittee on Compensation Thrift Board staff thrift fund thrift plan thrift savings accounts Thrift Savings Fund thrift savings plan