{"abstract":"The Federal Retirement Thrift Investment Board (FRTIB) is amending its regulations to make a non-substantive change to the constructed share price formula for a retired Lifecycle (L) Fund. The FRTIB uses a constructed share price to make error corrections involving a retired L Fund. In addition, due to a recent change in the Internal Revenue Code (Code), the FRTIB is amending its regulations to change the age by which TSP participants must begin receiving distributions from their TSP accounts from 70\\1/2\\ to 72.","action":"Direct final rule.","agencies":[{"raw_name":"FEDERAL RETIREMENT THRIFT INVESTMENT BOARD","name":"Federal Retirement Thrift Investment Board","id":189,"url":"https://www.federalregister.gov/agencies/federal-retirement-thrift-investment-board","json_url":"https://www.federalregister.gov/api/v1/agencies/189","parent_id":null,"slug":"federal-retirement-thrift-investment-board"}],"body_html_url":"https://www.federalregister.gov/documents/full_text/html/2020/07/07/2020-13683.html","cfr_references":[{"chapter":null,"citation_url":null,"part":"1605","title":5},{"chapter":null,"citation_url":null,"part":"1650","title":5},{"chapter":null,"citation_url":null,"part":"1651","title":5}],"citation":"85 FR 40569","comment_url":null,"comments_close_on":"2020-08-06","correction_of":null,"corrections":[],"dates":"Effective July 7, 2020. The change to the constructed share price formula is applicable June 30, 2020, without further action, unless adverse comment is received by August 6, 2020. If adverse comment is received, FRTIB will publish a timely withdrawal of the rule in the Federal Register. As required by the Code, the change to the age by which TSP participants must begin receiving distributions from their accounts is effective for distributions required to be made after December 31, 2019, with respect to individuals who will reach age 70\\1/ 2\\ after that date.","disposition_notes":null,"docket_ids":[],"dockets":[{"supporting_documents":[],"agency_name":"FRTIB","documents":[{"comment_count":1,"comment_start_date":"2020-07-07","updated_at":"2023-03-01T00:16:47.898-05:00","comment_url":"https://www.regulations.gov/commenton/FRTIB-2020-0025-0001","allow_late_comments":null,"id":"FRTIB-2020-0025-0001","comment_end_date":"2020-08-07","regulations_dot_gov_open_for_comment":false}],"supporting_documents_count":0,"id":"FRTIB-2020-0025","title":"Correction of Administrative Errors: Required Minimum Distributions"}],"document_number":"2020-13683","effective_on":"2020-07-07","end_page":40571,"executive_order_notes":null,"executive_order_number":null,"full_text_xml_url":"https://www.federalregister.gov/documents/full_text/xml/2020/07/07/2020-13683.xml","html_url":"https://www.federalregister.gov/documents/2020/07/07/2020-13683/correction-of-administrative-errors-required-minimum-distributions","images":{},"images_metadata":{},"json_url":"https://www.federalregister.gov/api/v1/documents/2020-13683?publication_date=2020-07-07","mods_url":"https://www.govinfo.gov/metadata/granule/FR-2020-07-07/2020-13683/mods.xml","not_received_for_publication":null,"page_length":3,"page_views":{"count":273,"last_updated":"2026-10-25 00:15:04 -0400"},"pdf_url":"https://www.govinfo.gov/content/pkg/FR-2020-07-07/pdf/2020-13683.pdf","presidential_document_number":null,"proclamation_number":null,"public_inspection_pdf_url":"https://public-inspection.federalregister.gov/2020-13683.pdf?1593693918","publication_date":"2020-07-07","raw_text_url":"https://www.federalregister.gov/documents/full_text/text/2020/07/07/2020-13683.txt","regulation_id_number_info":{},"regulation_id_numbers":[],"regulations_dot_gov_info":{"supporting_documents":[],"comments_count":1,"agency_id":"FRTIB","comments_url":"https://www.regulations.gov/docketBrowser?rpp=50&so=DESC&sb=postedDate&po=0&dct=PS&D=FRTIB-2020-0025","supporting_documents_count":0,"docket_id":"FRTIB-2020-0025","document_id":"FRTIB-2020-0025-0001","regulation_id_number":null,"title":"Correction of Administrative Errors: Required Minimum Distributions","checked_regulationsdotgov_at":"2023-03-01T05:16:47Z"},"regulations_dot_gov_url":null,"significant":null,"signing_date":null,"start_page":40569,"subtype":null,"title":"Correction of Administrative Errors; Required Minimum Distributions","toc_doc":"Required Minimum Distributions","toc_subject":"Correction of Administrative Errors:\n","topics":["Alimony","Claims","Government employees","Pensions","Retirement"],"type":"Rule","volume":85}