other · Fiscal Service · Rule · Published 2017-01-19 · Effective 2017-01-19 · 82 FR 6244
Document
Document number
2017-01038
Federal Register citation
82 FR 6244
CFR reference
31 CFR 347
Type
Rule
Action
Final rule.
Category
other
Sub-agency
Fiscal Service
Publication date
2017-01-19
Effective date
2017-01-19
Abstract
Currently, the Bureau of the Fiscal Service (Fiscal Service) of the United States Department of the Treasury (Treasury), issues nonmarketable, electronic retirement savings bonds to an individual retirement account (IRA) custodian designated by Fiscal Service to act as a custodian for Roth IRAs under Treasury's myRA[supreg] program. In this Final Rule, Treasury offers nonmarketable, electronic retirement savings bonds for certain retirement savings programs established by states or certain of their political subdivisions (states). The bonds will be issued to a trustee or custodian (custodian) of a Roth IRA or traditional IRA designated by a state under its retirement savings program (whether or not the program provides for automatic enrollment). Interest will be earned at a rate available to federal employees invested in the Government Securities Investment Fund (G Fund) of the federal Thrift Savings Plan. This offering does not affect the terms of retirement savings bonds issued to the custodian of Treasury's retirement savings program, myRA[supreg], which are held in participants' Roth IRAs. More information on myRA[supreg] is available at www.myra.gov.