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► 5 U.S.C. § 8479 5 u.s.c. · federal employees' retirement system · title 5
5 U.S.C. § 8479
Exculpatory provisions; insurance
Title 5 USC
● ACTIVE
Ch. 84
Jurisdiction Federal — United States
Chapter FEDERAL EMPLOYEES' RETIREMENT SYSTEM
Primary Source uscode.house.gov ↗
Federation ID OM-USC05-SEC-CE6BA9
► STATUTORY TEXT primary source · verbatim · uscode.house.gov

U.S.C. Title 5 - GOVERNMENT ORGANIZATION AND EMPLOYEES 5 U.S.C. United States Code, 2023 Edition Title 5 - GOVERNMENT ORGANIZATION AND EMPLOYEES PART III - EMPLOYEES Subpart G - Insurance and Annuities CHAPTER 84 - FEDERAL EMPLOYEES' RETIREMENT SYSTEM SUBCHAPTER VII - FEDERAL RETIREMENT THRIFT INVESTMENT MANAGEMENT SYSTEM Sec. 8479 - Exculpatory provisions; insurance From the U.S. Government Publishing Office, www.gpo.gov

§8479. Exculpatory provisions; insurance

(a) Any provision in an agreement or instrument which purports to relieve a fiduciary from responsibility or liability for any responsibility, obligation, or duty under this subchapter shall be void. (b)(1) The Executive Director may require employing agencies to contribute an amount not to exceed 1 percent of the amount such agencies are required to contribute in accordance with section 8432(c) of this title to the Thrift Savings Fund. (2) The sums credited to the Thrift Savings Fund under paragraph (1) shall be available and may be used at the discretion of the Executive Director to purchase insurance to cover potential liability of persons who serve in a fiduciary capacity with respect to the Thrift Savings Fund, without regard to whether a policy of insurance permits recourse by the insurer against the fiduciary in the case of a breach of a fiduciary obligation.

(Added Pub. L. 99–335, title I, §101(a), June 6, 1986, 100 Stat. 588.)

Source: uscode.house.gov — public domain Official Source ↗
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The statutory text of 5 U.S.C. § 8479 is reproduced from the official United States Code as published by the Office of the Law Revision Counsel of the U.S. House of Representatives (uscode.house.gov).
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Chapter 84 — FEDERAL EMPLOYEES' RETIREMENT SYSTEM
5 U.S.C. § 84015 U.S.C. § 84025 U.S.C. § 84035 U.S.C. § 84105 U.S.C. § 84115 U.S.C. § 84125 U.S.C. § 8412a5 U.S.C. § 84135 U.S.C. § 84145 U.S.C. § 84155 U.S.C. § 84165 U.S.C. § 84175 U.S.C. § 84185 U.S.C. § 84195 U.S.C. § 84205 U.S.C. § 8420a5 U.S.C. § 84215 U.S.C. § 8421a5 U.S.C. § 84225 U.S.C. § 84235 U.S.C. § 84245 U.S.C. § 84255 U.S.C. § 84315 U.S.C. § 8432
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5 U.S.C.
Citation
5 U.S.C. § 8479
Status
● ACTIVE
Chapter
84 — FEDERAL EMPLOYEES' RETIREMENT SYSTEM
Title
Government Organization and Employees
Jurisdiction
Federal
Federation ID
OM-USC05-SEC-CE6BA9
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Government Organization and Employees — 5 U.S.C. § 8479