Kim Weaver, director of external affairs at the Federal Retirement Thrift Investment Board, discusses the many audits happening at the agency, and news from the board’s last meeting.
The Thrifts Savings Plan is taking a deep look at itself to make sure it’s doing a good job. Kim Weaver, director of external affairs at the Federal Retirement Thrift Investment Board says that the many audits occurring at the agency are there to make sure that they are accountable to their plan holders. “Their job is looking at we are not violating FIRSA and making sure we are upholding our duty to our participants. They do a whole host of IT audits, they will look at agencies and how agencies are implementing their role in the Thrift Saving Plan they look at how we are operating as a board, as an agency.” Weaver said. “…what we learn from all of those audits… the board has spent a lot of money and a lot of time upgrading our hardware and our software, getting rid of legacy systems, improving policies and procedures. What the audits tell us is ‘Are we hitting the mark?’ maybe we need to tweak, maybe we need to improve.”