Federal Reserve Board Retirement Portability Act

[AI summary unavailable — showing source text] Federal Reserve Board Retirement Portability Act - Includes as creditable service for purposes of provisions governing the Federal Employees Retirement System (FERS) a period of service of an employee or Member of Congress (other than any service already creditable under FERS, any military service, and any service performed in the employ of a Federal Reserve Bank) that was creditable under the Bank Plan (the benefit structure in which employees of the Board of Governors of the Federal Reserve System appointed on or after January 1, 1984, participate), if the employee waives credit for such service under the Bank Plan and makes a payment to the Thrift Savings Fund equal to the amount that would have been deducted from pay had the employee been subject to FERS during such period of service (together with interest on such amount computed). Excludes from the applicability of FERS provisions any employee or Member who has separated from civilian service after having been subject to the benefit structure for employees of the Board appointed before January 1, 1984, and having at least five years of civilian service (other than any service performed in the employ of a Federal Reserve Bank)…