HR 5626 · 99th Congress · Government Operations and Politics
Federal Employees' Retirement System Technical Corrections Act of 1986
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EnactedLatest: Became Public Law No: 99-556.(1986-10-27)
Plain Language Summary
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Federal Employees' Retirement System Technical Corrections Act of 1986 - Title I: Provisions Relating to Title I of the Federal Employees' Retirement System Act of 1986 - Amends the Federal Employees' Retirement System Act of 1986 (regarding post-1983 employees) to repeal the authority of the Director of the Office of Personnel Management to inspect and audit disbursements from the Thrift Savings Fund. Authorizes employees to defer annuity commencement dates by written election. Extends the investigative authority of the Secretary of Labor to fiduciary responsibilities and bonding provisions under this Act. Grants the Secretary interim authority (until such time as final regulations become effective) regarding fiduciary exemptions, administrative exemptions, bonding regulations, and allocation of fiduciary responsibilities. Authorizes the Clerk of the House, the Secretary of the Senate, and the Director of the Office of Technology Assessment to exclude temporary or intermittent employees from the Federal Employees' Retirement System. Title II: Amendments Relating to Title II of the Federal Employees' Retirement System Act of 1986 - Declares that the amendment to annual and sick lea…
Summarized by Claude AI · Non-partisan · For informational purposes only