---
kind: "section"
citation: "5 U.S.C. § 8476"
title: "5"
title_heading: "Government Organization and Employees"
number: "8476"
heading: "Administrative provisions"
release: "119-102"
date: "2026-07-12"
url: "https://uscodex.org/usc/5/8476"
units:
  - "Part III — Employees"
  - "Subpart G — Insurance and Annuities"
  - "Chapter 84 — Federal Employees’ Retirement System"
  - "Subchapter VII — Federal Retirement Thrift Investment Management System"
---

# §8476. Administrative provisions

- (a) The [Board](/usc/5/8401.md?p=5) 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)](/usc/5/8472.md?p=g-1-C) and [8474(a)(1)](/usc/5/8474.md?p=a-1) of this title, the [Board](/usc/5/8401.md?p=5) shall perform the functions and exercise the powers of the [Board](/usc/5/8401.md?p=5) on a majority vote of a quorum of the [Board](/usc/5/8401.md?p=5).
  - (2) A vacancy on the [Board](/usc/5/8401.md?p=5) shall not impair the [authority](/usc/5/7103.md?p=a-6) of a quorum of the [Board](/usc/5/8401.md?p=5) to perform the functions and exercise the powers of the [Board](/usc/5/8401.md?p=5).
- (c) Three [members](/usc/5/8401.md?p=20) of the [Board](/usc/5/8401.md?p=5) shall constitute a quorum for the transaction of business.
- (d)
  - (1) Each [member](/usc/5/8401.md?p=20) of the [Board](/usc/5/8401.md?p=5) who is not an officer or [employee](/usc/5/4701.md?p=a-2) of the Federal [Government](/usc/5/4101.md?p=3) shall be compensated at the daily rate of [basic pay](/usc/5/8401.md?p=4) for level IV of the Executive Schedule for each day during which such [member](/usc/5/8401.md?p=20) is engaged in performing a function of the [Board](/usc/5/8401.md?p=5).
  - (2) A [member](/usc/5/8401.md?p=20) of the [Board](/usc/5/8401.md?p=5) shall be paid travel, per diem, and other necessary expenses under subchapter I of [chapter 57](/usc/5/chptIII/sptD/ch57.md) of this title while traveling away from such [member](/usc/5/8401.md?p=20)’s home or regular place of business in the performance of the duties of the [Board](/usc/5/8401.md?p=5).
  - (3) Payments authorized under this subsection shall be paid from the [Thrift Savings Fund](/usc/5/8471.md?p=5).
- (e) The accrued annual leave of any [employee](/usc/5/4701.md?p=a-2) who is a [member](/usc/5/8401.md?p=20) of the [Board](/usc/5/8401.md?p=5) or the [Council](/usc/5/8471.md?p=2) shall not be charged for any time used in performing [services](/usc/5/8401.md?p=26) for the [Board](/usc/5/8401.md?p=5) or the [Council](/usc/5/8471.md?p=2).

## Source credit

(Added Pub. L. 99–335, title I, § 101(a), June 6, 1986, 100 Stat. 581; amended Pub. L. 101–509, title V, § 529 [title I, § 101(b)(9)(K)], Nov. 5, 1990, 104 Stat. 1427, 1442.)

## Notes

### Editorial Notes

### References in Text

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

### Amendments

1990—Subsec. (d)(1). Pub. L. 101–509 substituted “level IV of the Executive Schedule” for “grade GS–18 of the General Schedule”.

### Statutory Notes and Related Subsidiaries

### Effective Date of 1990 Amendment

Amendment by Pub. L. 101–509 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. 101–509, set out as a note under section 5301 of this title.