; contributions (a) Establishment (1) Portable Retirement and Investment Account Fund There is established in the Treasury the Portable Retirement and Investment Account Fund (in this Act referred to as the Fund ). The Board shall, to the greatest extent practicable and consistent with the requirements of this Act, manage the Fund in the same manner as the Thrift Savings Fund established under section 8437 of title 5, United States Code. (2) Accounts For each individual for whom a notification is made under clause (iv) of section 205(c)(2)(B) of the Social Security Act ( 42 U.S.C. 405(c)(2)(B) ), as added by paragraph (3), or whose name is included on the list submitted under paragraph (4), not later than 90 days after such notification or submission, the Director shall establish, with such individual as the sole beneficiary, a portable retirement and investment account within the Fund. (3) Notification of issuance of social security account number (A) In general Section 205(c)(2)(B) of the Social Security Act ( 42 U.S.C. 405(c)(2)(B) ) is amended by adding at the end the following: (iv) Not later than 60 days after assigning a social security account number to an individual, the Commissioner of Social Security shall notify the Director of the Portable Retirement and Investment Account Board of such assignment. . (B) Effective date The amendment made by subparagraph (A) shall apply with respect to social security account numbers assigned after a certain date, to be designated by the Director, occurring not later than 3 years after the date of the enactment of this Act. (4) Transition Not later than the date designated pursuant to paragraph (3)(B), occurring not later than 3 years after the date of the enactment of this Act, the Commissioner of Social Security shall submit to the Director a list of the name of each living individual who has been assigned a social security account number. (b) Federal contributions (1) In general In the case of an individual for whom a notification is made under clause (iv) of