[Federal Register Volume 64, Number 232 (Friday, December 3, 1999)]
[Notices]
[Page 67917]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 99-30924]
[[Page 67917]]
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FEDERAL RETIREMENT THRIFT INVESTMENT BOARD
Privacy Act of 1974; System of Records
AGENCY: Federal Retirement Thrift Investment Board.
ACTION: Notice of altered record system.
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SUMMARY: The Executive Director of the Federal Retirement Thrift
Investment Board (Board) is adopting as final the Board's proposed
alteration to the Government-wide system of records, FRTIB-1, Thrift
Savings Plan Records. This alteration adds new categories of records
for spouses, former spouses, and beneficiaries of Thrift Savings Plan
(TSP) participants.
DATES: Effective January 3, 2000.
FOR FURTHER INFORMATION CONTACT: Thomas L. Gray, (202) 942-1662. FAX
(202) 942-1676.
SUPPLEMENTARY INFORMATION: The Board was established by the Federal
Employees' Retirement System Act of 1986 (FERSA), Pub. L. 99-335, 100
Stat. 514, which has been codified, as amended, largely at 5 U.S.C.
8351 and 8401-8479 (1994), to administer the TSP. The TSP is a tax-
deferred retirement savings plan for Federal employees which is similar
to cash or deferred arrangements established under section 401(k) of
the Internal Revenue Code.
On May 7, 1990, initial notice of the Board's systems of records,
including FRTIB-1, was published in the Federal Register (55 FR 18949).
A minor amendment to FRTIB-1 was published in the May 20, 1994, Federal
Register (59 FR 26469), to delete routine use provisions allowing
disclosure to the Department of Veterans Affairs, the Federal Housing
Administration, and private financial institutions, because disclosure
to those entities could be made at the written request of the
participant. The provision allowing disclosure to beneficiaries of
deceased participants was also deleted as unnecessary. Subsequently, on
September 15, 1999, the Board published a proposed alteration to FRTIB-
1 in the Federal Register (64 FR 50092) to add new categories of
records to cover spouses, former spouses, and beneficiaries of
participants, to state routine uses which may be made of records on
these individuals, and to clarify that the term ``participant''
includes a former participant.
This alteration is necessary because the Board is updating its
computerized data base for the TSP record keeping system. FRTIB-1
currently lists TSP participants as the only category of individuals
covered by this system of records. Under the new TSP record keeping
system, spouses, former spouses, and beneficiaries of participants will
be added to this system of records.
In addition to publishing a notice of proposed alteration, the
Board filed an altered record system report with the Chairman of the
Committee on Government Reform of the U.S. House of Representatives,
the Chairman of the Committee on Governmental Affairs of the U.S.
Senate, and the Administrator, Office of Information and Regulatory
Affairs, Office of Management and Budget, on September 13, 1999. The
Board received no comments on the proposed alteration; therefore, it is
adopting the proposed alteration without change.
Roger W. Mehle,
Executive Director, Federal Retirement Thrift Investment Board.
Accordingly, the proposed notice of alteration to record system
published on September 15, 1999, in the Federal Register (64 FR 50092),
adding new categories of records and stating the uses to be made of
those records maintained for spouses, former spouses, and beneficiaries
of TSP participants, is adopted as final without change.
[FR Doc. 99-30924 Filed 12-2-99; 8:45 am]
BILLING CODE 6760-01-P