[Federal Register: December 3, 1999 (Volume 64, Number 232)]
[Notices]               
[Page 67917]
From the Federal Register Online via GPO Access [wais.access.gpo.gov]
[DOCID:fr03de99-92]                         


[[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