Federal Annuity and Investment Reform Act of 1983

[AI summary unavailable — showing source text] Federal Annuity and Investment Reform Act of 1983 - Title I: Federal Thrift Plan - Permits a Government employee to elect to contribute in any year up to ten percent of his or her basic annual pay to a thrift retirement account. Requires the employing agency of an employee who is covered as of January 1, 1984, under the Old Age, Survivors and Disability Insurance program and who elects to make contributions to such an account to contribute to such employee's account. Specifies the amount of the employing agency's contribution. Restricts the employing agency's contributions to those years of service completed by such employee after such employee's first year of service beginning after December 31, 1983. Requires that a thrift retirement account or any account maintained for an employee under this Act be an account in a qualified investment program designated by the employee. Permits an employee to elect to change such designation at least once a year or to request the transfer of funds from an existing account to another one. Requires the transfer, at the direction of an employee or beneficiary under the Federal Thrift Plan, of such employee's or beneficiary's assets attributable to…