[Code of Federal Regulations]
[Title 5, Volume 3]
[Revised as of January 1, 2001]
From the U.S. Government Printing Office via GPO Access
[CITE: 5CFR1600.10]

[Page 177-178]
 
                    TITLE 5--ADMINISTRATIVE PERSONNEL
 
         CHAPTER VI--FEDERAL RETIREMENT THRIFT INVESTMENT BOARD
 
PART 1600--EMPLOYEE ELECTIONS TO CONTRIBUTE TO THE THRIFT SAVINGS PLAN--Table of Contents
 
                   Subpart C--Program of Contributions
 
Sec. 1600.10  Maximum contributions.

    (a) FERS employees. Except as provided in paragraph (c) of this 
section, for the period starting with the first pay period beginning on 
or after April 1, 1987 and ending with the last pay period beginning on 
or before September 30, 1987, the maximum FERS employee contribution is 
15 percent of basic pay. Starting with the first pay period beginning on 
or after October 1, 1987, the maximum FERS employee contribution is 10 
percent of basic pay.
    (b) CSRS employees. For the period starting with the first pay 
period beginning on or after April 1, 1987 and ending with the last pay 
period beginning on or before September 30, 1987,

[[Page 178]]

the maximum CSRS employee contribution is 7.5 percent of basic pay. 
Starting with the first pay period beginning on or after October 1, 
1987, the maximum CSRS employee contribution is 5 percent of basic pay.
    (c) CSRS employees who transfer to FERS. The maximum employee 
contribution for CSRS employees who have transferred to FERS and have 
elected to participate in the Thrift Savings Plan, as described in 
Sec. 1600.12, is 10 percent of basic pay.
    (d) Section 402(g) of the Internal Revenue Code places a ceiling on 
the amount which an employee may save on a tax-deferred basis through 
plans such as the Thrift Savings Plan. Employee contributions to the 
Thrift Savings Plan may be restricted or refunded to conform with this 
limit.

[52 FR 45802, Dec. 2, 1987, as amended at 53 FR 23379, June 22, 1988]