[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: 5CFR1600.12]

[Page 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 D--Civil Service Retirement System Employees
 
Sec. 1600.12  Election period for Civil Service Retirement System employees who transfer to the Federal Employees' Retirement System.


    (a) General. Section 8432(b)(3) of the Act authorizes the Executive 
Director to provide a reasonable period following the election by an 
eligible CSRS employee to transfer to FERS for that employee to make an 
election to contribute to the Thrift Savings Plan.
    (b) Individual election period. Notwithstanding Sec. 1600.2(c), each 
CSRS employee who transfers to FERS may make an election to contribute 
to the Thrift Savings Plan at the same time the individual elects to 
become subject to FERS and for 30 calendar days after the effective date 
of such election. The election options set forth in Sec. 1600.4 shall be 
available to each such individual, and elections shall be made by the 
method described in Sec. 1600.6. An election to contribute to the Thrift 
Savings Plan shall become effective no later than the first day of the 
first pay period following the acceptance of the election form by the 
employing agency. Such individual shall be subject to all provisions of 
this part except as limited by Sec. 1600.10(c).
    (c) Beginning upon the effective date of the employee's election to 
transfer to FERS, until the employee makes an election to contribute to 
the Thrift Savings Plan under paragraph (b) of this section, the rate of 
contribution as a CSRS employee will be considered to be the rate of 
contribution as a FERS employee. The preceding sentence shall not apply 
where the CSRS employee's contribution rate was 7.5%. In such case, 
until the employee elects otherwise, the employee's FERS contribution 
rate shall be 7%.