Federal Employees Retirement System Act
Federal Employees' Retirement System Act of 1986
Read about the Agency's legal authority:
Rules Governing the FRTIB
Final Agency Rule on Roth
This final rule implements the Roth TSP feature as authorized by the Thrift Savings Plan Enhancement Act of 2009, Public Law 111-31. These regulations address (1) Roth contribution limits (2) withdrawal options (3) treatment of agency contributions (4) Roth TSP transfer rules from employer plans (5) distribution of loans and withdrawals when participants have both traditional and Roth balances, and (6) other administrative matters.
FRTIB Strategic Plan
Reports to Congress
2016 Press Releases
The Federal Employee Viewpoint Survey (FEVS) was administered from May 3 to June 14, 2016, and a total of 179 (83%) Federal Retirement Thrift Investment Board (FRTIB) employees responded to the survey. Below is a summary of what has been identified as our Agency’s strengths, challenges, areas of progress, and opportunities for improvement.
Majority of FRTIB employees are confident the FRTIB has the talent and skills necessary to achieve organizational goals and believe recruitment efforts are sufficient to continue to attract employees with the right skills. These are strengths the agency wants to continue to enhance in the upcoming years as they are directly aligned to our strategic goal of ensuring FRTIB has the right skills, competencies, and leadership at all levels.
- Three-fourths of employees believe their work unit is able to recruit people with the right skills (Q21).
- Seventy-four percent of FRTIB employees believe the skill level in their work unit has improved (Q27).
- Showing a 6 percentage point increase from 2015, seventy-two percent of employees believe the workforce has the job-relevant knowledge and skills necessary to accomplish organizational goals (Q29).
One critical area that remains an ongoing challenge not only at the FRTIB, but government wide, is performance management and recognition. Although FRTIB employees feel their performance appraisals are a fair reflection of their performance and are satisfied with feedback on their performance, several items in this area received high negative marks.
- Only thirty-eight percent of employees agree that pay raises depend on how well employees perform their job (Q33). This item had the highest percent of negative responses for all questions on the survey but remains above the overall Government wide average.
- Only a little over half of FRTIB employees believe awards depend on how well they perform their jobs (Q25) and that creativity and innovation are awarded (Q32).
- Less than half of FRTIB employees feel poor performance is addressed (Q23) and differences in performance are recognized in a meaningful way (Q24). Both of these items remains on the agency’s top 10 highest percent of negative response items. However, the Agency still exceeds the government wide average.
Areas of Progress
Supervision at FRTIB remains strong. Not only did the Employee Engagement Supervisor Subfactor increase by four percentage points but several of these items had the largest increase since 2015.
- Over three-fourths of FRTIB employees indicate they have trust and confidence in their supervisor (Q51) and feel their immediate supervisor is doing a good job (Q52).
- Eighty-eight percent of employees agree their supervisor treats them with respect (Q49)
- FRTIB employees feel their supervisors support employee development (86%) and provide them opportunities to demonstrate their leadership skills (84%)
Opportunities for Improvement
While an overwhelming majority of FRTIB employees indicate their supervisor supports their need to balance work and other life issues and they are satisfied with the Agency’s telework program, the FRTIB still has room for improvement in the Work-Life Balance category.
- Sixty-two percent of employees feel their workload is reasonable (Q10) and sixty percent of employees indicated they have sufficient resources to get their job done (Q9). Although we are above the government wide average, both of these items decreased by 11 percentage points from 2015.
- Only forty-six percent of employees are satisfied with the Employee Assistance Work/Life Program. While negative responses for this item remain low, 42 percent of responses were neutral, which suggests uncertainty and warrants a closer look.
The results received from the Federal Employee Viewpoint Surveys remain an important component of the Agency’s ongoing commitment to ensuring FRTIB is a great place to work and the Agency will continue to analyze these results to build off of our strengths and improve challenge areas. The 2016 FRTIB FEVS Trend Report can be found at 2016 Annual Employee Survey Results.
Freedom of Information Act (FOIA)
Chief FOIA Reports
The Electronic Freedom of Information Act Amendments of 1996 (E-FOIA) require that agencies permit the public to inspect and copy records that are likely to become the subject of later FOIA requests, provided the records were (1) created after November 1, 1996, and (2) released under FOIA on or after March 31, 1997. E-FOIA stipulates that agencies make copies of such records available via computer telecommunications beginning November 1, 1997.