Retired Funds Get Old-School Error Fixes from Thrift Board
Published Date: 5/8/2025
Proposed Rule
Summary
If you have money in a Lifecycle Fund that was retired after June 1, 2022, the Federal Retirement Thrift Investment Board is changing how they fix mistakes with those funds. They’re going back to using a special share price to figure out any lost or gained value when correcting errors. This update helps make sure your retirement money is handled fairly and accurately.
Analyzed Economic Effects
1 provisions identified: 1 benefits, 0 costs, 0 mixed.
Correction Method for Retired Lifecycle Funds
If you had money in a Lifecycle Fund that was retired after June 1, 2022, the Federal Retirement Thrift Investment Board will use a constructed share price to fix errors. They will use that constructed price to calculate breakage and the value of negative adjustments when correcting mistakes for funds that no longer exist as of June 1, 2022.
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