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Committee Detail

Hide Section - GENERAL INFORMATION

GENERAL INFORMATION

Committee NameEmployee Thrift Advisory CouncilAgency NameFederal Retirement Thrift Investment Board
Fiscal Year2019Committee Number1489
Original Establishment Date6/6/1986Committee StatusChartered
Actual Termination Date Committee URLhttps://www.tsp.gov/planparticipation/about/pur...
New Committee This FYNoPresidential Appointments*No
Terminated This FYNoMax Number of Members*15
Current Charter Date1/2/1987Designated Fed Officer Position Title*DFO
Date Of Renewal Charter1/2/1989Designated Federal Officer Prefix
Projected Termination Date Designated Federal Officer First Name*David
Exempt From Renewal*YesDesignated Federal Officer Middle NameT.
Specific Termination AuthorityDesignated Federal Officer Last Name*Toro
Establishment Authority*Statutory (Congress Created)Designated Federal Officer Suffix
Specific Establishment Authority*5 U.S.C. 8473Designated Federal Officer Phone*(202) 942-1642
Effective Date Of Authority*6/6/1986Designated Federal Officer Fax*(202) 639-6813
Exempt From EO 13875 Discretionary Cmte Designated Federal Officer Email*dtoro@tsp.gov
Committee Type*Continuing
Presidential*No
Committee Function*Non Scientific Program Advisory Board
Hide Section - RECOMMENDATION/JUSTIFICATIONS

RECOMMENDATION/JUSTIFICATIONS

Agency Recommendation*Continue
Legislation to Terminate RequiredNo
Legislation StatusNot Applicable
How does cmte accomplish its purpose?*The Board administers the Thrift Savings Plan (TSP), a defined contribution retirement savings plan for Federal, Postal Service, and Uniformed Services employees. The TSP is similar to private sector 401(k) plans. The Employee Thrift Advisory Council (Council) provides advice on matters relating to TSP investment policies and plan administration. The Executive Director of the Board periodically provides Council members with memoranda and materials describing ongoing TSP activities. As prescribed by statute (5 U.S.C. 8474(b)(6)), the Executive Director meets with the Council at the request of the Council Chairman. In addition, Council members are given advance copies of TSP regulations and they are asked to provide their comments to the Board prior to submission of those regulations to the Federal Register for a period of public review and comment.
How is membership balanced?*The membership of the Council is required by statute (5 U.S.C. 8473(b)) to include the representatives of specified employee organizations and the uniformed services.
How frequent & relevant are cmte mtgs?*The Council generally meets once or twice a year and the authorizing statute has no termination date. The Council is uniquely able to provide the Board with advice because member organizations comprise all of the major representatives of Federal, Postal Service and Uniformed Services employees and retirees.
Why advice can't be obtained elsewhere?*The Council was established by statute (5 U.S.C. 8473).
Why close or partially close meetings?No meetings were closed.
Recommendation Remarksn/a
Hide Section - PERFORMANCE MEASURES

PERFORMANCE MEASURES

Outcome Improvement To Health Or Safety*NoAction Reorganize Priorities*No
Outcome Trust In GovernmentYesAction Reallocate ResourcesNo
Outcome Major Policy ChangesYesAction Issued New RegulationsNo
Outcome Advance In Scientific ResearchNoAction Proposed LegislationNo
Outcome Effective Grant MakingNoAction Approved Grants Or Other PaymentsNo
Outcome Improved Service DeliveryYesAction OtherYes
Outcome Increased Customer SatisfactionYesAction CommentForwarded to the Board Members the support of the Council members regarding the Board's Legislative proposal to expand the TSP's withdrawal options.
Outcome Implement Laws/Reg RequirementsYesGrants Review*No
Outcome OtherYesNumber Of Grants Reviewed0
Outcome CommentThe Council provides ongoing advice to the Board on behalf of its unique perspective as an organization representative. The Council has lent support for and provided the Agency with invaluable feedback on, among other things, the implementation of the Blended Retirement System which took effect January 1, 2018 and that gives all members with less than 12 years of service the opportunity to opt in and provides a Government Basic 1% and Matching Contributions. In particular, the support of the DoD representative, a key figure in the Pentagon for implementation, was indispensable. The Council also provided support in the implementation of P.L. 115-84), amending title 5, U.S. Code, to provide further flexibility in making withdrawals and which will enhance the services to TSP participants.Number Of Grants Recommended0
Cost Savings*NoneDollar Value Of Grants Recommended$0.00
Cost Savings CommentNAGrants Review CommentNA
Number Of Recommendations*0Access Contact Designated Fed. Officer*Yes
Number Of Recommendations CommentNAAccess Agency WebsiteYes
% of Recs Fully Implemented*0.00%Access Committee WebsiteNo
% of Recs Fully Implemented CommentNAAccess GSA FACA WebsiteYes
% of Recs Partially Implemented*0.00%Access PublicationsNo
% of Recs Partially Implemented CommentNAAccess OtherYes
Agency Feedback*YesAccess CommentThrough the Board's Director of External Affairs.
Agency Feedback CommentFeedback is provided through memorandums from the Executive Director to Council members and through contact through the Director of External Affairs.Narrative Description*The Council's member organizations comprise all of the major representatives of Federal, Postal Service, and Uniformed Services employees and retirees. Thus, it is uniquely able to provide the Board with advice regarding the TSP and its operations.
Hide Section - COSTS

COSTS

Payments to Non-Federal Members* Est Payments to Non-Fed Members Next FY* 
Payments to Federal Members* Est. Payments to Fed Members Next FY* 
Payments to Federal Staff* Estimated Payments to Federal Staff* 
Payments to Consultants* Est. Payments to Consultants Next FY* 
Travel Reimb. For Non-Federal Members* Est Travel Reimb Non-Fed Members nextFY* 
Travel Reimb. For Federal Members* Est Travel Reimb For Fed Members* 
Travel Reimb. For Federal Staff* Est. Travel Reimb to Fed Staff Next FY* 
Travel Reimb. For Consultants* Est Travel Reimb to Consultants Next FY* 
Other Costs Est. Other Costs Next FY* 
Total Costs$0.00Est. Total Next FY*$0.00
Federal Staff Support (FTE)* Est. Fed Staff Support Next FY* 
Hide Section - Custom Links

Custom Links

     Committee Level Reports               
Hide Section - MEMBERS,MEETINGS AND ADVISORY REPORTS

MEMBERS,MEETINGS AND ADVISORY REPORTS

To View all the members, meetings and advisory reports for this committee please click here
Hide Section - CHARTERS AND RELATED DOCS

CHARTERS AND RELATED DOCS

No Documents Found
Hide Section - DATA FROM PREVIOUS YEARS

DATA FROM PREVIOUS YEARS

Committee

Data from Previous Years

 
ActionCommittee System IDCommittee NameFiscal Year
 COM-001760Employee Thrift Advisory Council2017
 COM-002516Employee Thrift Advisory Council2016
 COM-003622Employee Thrift Advisory Council2015
 COM-004650Employee Thrift Advisory Council2014
 COM-005976Employee Thrift Advisory Council2013
 COM-006792Employee Thrift Advisory Council2012
 COM-008139Employee Thrift Advisory Council2011
 COM-008945Employee Thrift Advisory Council2010
 COM-010172Employee Thrift Advisory Council2009
 COM-010959Employee Thrift Advisory Council2008
 COM-012037Employee Thrift Advisory Council2007
 COM-012706Employee Thrift Advisory Council2006
 COM-013898Employee Thrift Advisory Council2005
 COM-014615Employee Thrift Advisory Council2004
 COM-015630Employee Thrift Advisory Council2003
 COM-016821Employee Thrift Advisory Council2002
 COM-017577Employee Thrift Advisory Council2001
 COM-018738Employee Thrift Advisory Council2000
 COM-019566Employee Thrift Advisory Council1999
 COM-020514Employee Thrift Advisory Council1998
 COM-021762Employee Thrift Advisory Council1997
 COM-033550Employee Thrift Advisory Council2018