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B-230685 1 (1988-10-06)

handle is hein.gao/gaobadnfs0001 and id is 1 raw text is: pThe Comptroller General of the United States Washington, D.C. 2048 Decision Federal Retirement Thrift Investment Board - Matter of Compensation of Members File: B-230685 Date: October 6, 1988 DIGEST Federal Retirement Thrift Investment Board members may be paid for a full day while on Board business regardless of the hours worked since the enabling statute does not provide for any other terms of reimbursement except for the daily rate of basic pay for grade GS-18 of the General Schedule. DECISION The Executive Director, Federal Retirement Thrift Investment Board, requests a decision on the issue of whether Thrift Board members may be paid for a full day while on Board business regardless of the hours worked. We conclude that the members may be reimbursed for the whole day since the enabling statute specifically provides for pay on a daily basis. BACKGROUND The Federal Retirement Thrift Investment Board was established under the provisions of the Federal Employees' Retirement System Act of 1986, Pub. L. No. 99-335, 100 Stat. 517 (1986), 5 U.S.C. SS 8401-8479 (Supp. IV 1986). The primary purpose of the Board is to administer the Thrift Savings Plan provisions of the Act. 5 U.S.C. S 8472(f). Compensation for each member of the Board who is not an officer or employee of the federal government is set at the daily rate of basic pay for grade GS-18 of the General Schedule for each day the member is engaged in performing a function of the Board. 5 U.S.C. S 8476(d)(1).

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