Summary: S.2188 — 100th Congress (1987-1988)All Information (Except Text)

Bill summaries are authored by CRS.

Shown Here:
Passed House amended (06/20/1988)

(Measure passed House, amended)

Amends the Federal Employees' Retirement System Act of 1986 to include the cost of the thrift savings plan and the cost of social security in comparisons between the costs of performing commercial activities with contract personnel and with Federal personnel.

Permits the earnings attributable to the sums invested in the Government Securities Investment Fund to be reinvested in the Fixed Income Investment Fund or the Common Stock Index Investment Fund.

Specifies that the Federal Tort Claims Act remedy is the exclusive remedy available to beneficiaries of the Thrift Savings Fund and that the protections afforded by such Act apply to the fiduciaries.