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B-260594 1 (1995-11-29)

handle is hein.gao/gaobablmi0001 and id is 1 raw text is: United States AO General Accounting Office Washington, D.C. 20548 Office of the General Counsel B-260594 November 29, 1995 Mr. Roger W. Mehle Executive Director Federal Retirement Thrift Investment Board 1250 H Street, NW Washington, D.C. 20005 Dear Mr. Mehle: This responds to your letter of November 2 to the Comptroller General concerning our report, Federal Pensions: Thrift Savings Plan Has Key Role in Retirement Benefits (GAO/IIEHS-96-1). You reiterate the position of the Federal Retirement Thrift Investment Board (first expressed in commenting on a draft of the report) that it lacks legal authority to carry out our recommendation to provide information to federal employees on how Thrift Savings Plan investments interact with retirement under the Federal Employees' Retirement System (FERS). I am enclosing a copy of our letter of November 14 to Representative Constance A. Morella (Thiift Savings Plan, GAO/HEHS-96-66R), in which we explain our disagreement with the Board on this issue. (Ms. Morella has not made this letter public, and we have therefore not released it for general distribution.) You also suggest that we should have asked the Board to comment again after we modified our draft recommendation, in accordance with our publication, Government Auditing Standards (the Yellow Book). We complied fully with Yellow Book requirements that government auditors report the views of responsible program officials concerning the auditors' findings, conclusions, and recommendations, and that the views of those officials be objectively evaluated and- recognized, as appropriate, in the report. We sent the draft report to the Board; we reproduced the Board's comments verbatim in the published report; and we stated in the report our disagreement with the Board's position. As you point out, after the Board had commented on the recommendation we modified it to say that the Board, in providing information to investors in the Thrift Savings Plan, should collaborate with the Office of Personnel Management (OPM). The modification did not affect the substance of the recommendation, and the 12511128 06 r 5/P5 a'so

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