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Government Operations: [Comments on FRTIB Objections to GAO Recommendations]

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Report Type Reports and Testimonies
Report Date Nov. 29, 1995
Report No. B-260594
Subject
Summary:

The Federal Retirement Thrift Investment Board reiterated its position that it lacked the legal authority to carry out a GAO recommendation that it provide information to federal employees on how Thrift Savings Plan investments interact with Federal Employees' Retirement System benefits. GAO noted that: (1) it fully complied with government auditing standards requiring it to give the Board the opportunity to comment on its draft report and to incorporate those comments in the final document; (2) the Board did have the legal authority to provide the information and was in a better position than the Office of Management and Budget to do so effectively; and (3) Congress could change the law to remove any doubt about the Board's legal authority.

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