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LegalText 5 U.S.C. § 8476 Administrative provisions us united_states_code code_section 5 GOVERNMENT ORGANIZATION AND EMPLOYEES 84 FEDERAL EMPLOYEES RETIREMENT SYSTEM 8476 5 U.S.C. § 8476 current 119-100 2026-06-26 official https://uscode.house.gov/download/releasepoints/us/pl/119/100/xml_usc05@119-100.zip /us/usc/t5/s8476 data/legal/raw/us/code/title-05/usc05.xml 206eb070214b746cfe8362058aefe89807178e32e6287b23c58caac159f4e1b0 719fdb18e7085aede50e1e97c1c129fa6058e2c5c12b3d77a9b9044b1769e540 dd856490debbc17b2dd2c91ecb79a02b0bbc32fe6607a95e7bf2191ec446fffc 2026-07-04 official
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5 U.S.C. § 8476 - Administrative provisions

Text

(a) The Board shall meet—

(1) not less than once during each month; and

(2) at additional times at the call of the Chairman.

(b) (1) Except as provided in sections 8472(g)(1)(C) and 8474(a)(1) of this title, the Board shall perform the functions and exercise the powers of the Board on a majority vote of a quorum of the Board.

(2) A vacancy on the Board shall not impair the authority of a quorum of the Board to perform the functions and exercise the powers of the Board.

(c) Three members of the Board shall constitute a quorum for the transaction of business.

(d) (1) Each member of the Board who is not an officer or employee of the Federal Government shall be compensated at the daily rate of basic pay for level IV of the Executive Schedule for each day during which such member is engaged in performing a function of the Board.

(2) A member of the Board shall be paid travel, per diem, and other necessary expenses under subchapter I of chapter 57 of this title while traveling away from such members home or regular place of business in the performance of the duties of the Board.

(3) Payments authorized under this subsection shall be paid from the Thrift Savings Fund.

(e) The accrued annual leave of any employee who is a member of the Board or the Council shall not be charged for any time used in performing services for the Board or the Council.

(Added Pub. L. 99335, title I, § 101(a), June 6, 1986, 100 Stat. 581; amended Pub. L. 101509, title V, § 529 [title I, § 101(b)(9)(K)], Nov. 5, 1990, 104 Stat. 1427, 1442.)

Notes

Editorial Notes

References in TextLevel IV of the Executive Schedule, referred to in subsec. (d)(1), is set out in section 5315 of this title.

Amendments1990—Subsec. (d)(1). Pub. L. 101509 substituted “level IV of the Executive Schedule” for “grade GS18 of the General Schedule”.

Statutory Notes and Related Subsidiaries

Effective Date of 1990 AmendmentAmendment by Pub. L. 101509 effective on such date as the President shall determine, but not earlier than 90 days, and not later than 180 days, after Nov. 5, 1990, see section 529 [title III, § 305] of Pub. L. 101509, set out as a note under section 5301 of this title.