[Comments on the Federal Tort Claims Act's Applicability to the Federal Retirement Thrift Investment Board]
B-228791: Published: Dec 15, 1987. Publicly Released: Dec 15, 1987.
- Full Report:
GAO commented on the applicability of the Federal Tort Claims Act to the Federal Retirement Thrift Investment Board for payment of legitimate personal injury or physical property damage claims. GAO found that: (1) the act applied to the Board, since it was part of the executive branch; (2) settlements of $2,500 or less were payable from the Thrift Savings Fund as necessary administrative expenses; and (3) the Board should not use the funds for payment of program losses.