[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: 5CFR1601.1]

[Page 180-181]
 
                    TITLE 5--ADMINISTRATIVE PERSONNEL
 
         CHAPTER VI--FEDERAL RETIREMENT THRIFT INVESTMENT BOARD
 
PART 1601--PARTICIPANTS' CHOICES OF INVESTMENT FUNDS--Table of Contents
 
                         Subpart A--Definitions
 
Sec. 1601.1  Definitions.


    Account balance means the amount of money in a participant's Thrift 
Savings Plan account as of the effective date of an interfund transfer;
    Acknowledgment of risk means an acknowledgment that any investment 
in the C Fund or the F Fund is made at the participant's risk, that the 
participant is not protected by the United States Government or the 
Board against any loss on the investment, and that neither the United 
States Government nor the Board guarantees any return on the investment.
    Agency Automatic (1%) Contributions means any contributions made 
under 5 U.S.C. 8432(c)(1) or 5 U.S.C. 8432(c)(3);
    Agency Matching Contributions means any contributions made under 5 
U.S.C. 8432(c)(2);
    Allocation election means an election by a participant of the 
percentages of new contributions to his or her account that are to be 
invested in the C Fund, F Fund and/or G Fund;
    Board means the Federal Retirement Thrift Investment Board.
    C Fund means the Common Stock Index Investment Fund established 
under 5 U.S.C. 8438(b)(1)(C);
    Calendar year means the period from and including January 1 through 
and including December 31 of any year;
    CSRS means the Civil Service Retirement System established by 
subchapter III of chapter 83 of title 5,

[[Page 181]]

U.S.C., and any equivalent Federal Government retirement plans;
    CSRS employee or CSRS participant means any employee or participant 
covered by CSRS or an equivalent Federal Government retirement plan, 
including employees authorized to contribute to the Thrift Savings Plan 
under 5 U.S.C. 8351, 5 U.S.C. 8440a, or 5 U.S.C. 8440b.
    Election period means the last calendar month of an open season and 
is the earliest period in which a choice to make or change an election 
(other than an election to terminate contributions) during that open 
season can become effective;
    Election Form means Form TSP-1;
    Employee Contributions means any contributions made pursuant to 5 
U.S.C. 8432(a), 5 U.S.C. 8351, 5 U.S.C. 8440a, or 5 U.S.C. 8440b.
    Employer Contributions means Agency Automatic (1%) Contributions and 
Agency Matching Contributions;
    FERS means the Federal Employees' Retirement System established by 
chapter 84 of title 5, U.S.C., and any equivalent Federal Government 
retirement plans;
    FERS employee or FERS participant means any employee or participant 
covered by FERS or an equivalent Federal Government retirement plan;
    F Fund means the Fixed Income Investment Fund established under 5 
U.S.C. 8438(b)(1)(B);
    G Fund means the Government Securities Investment Fund established 
under 5 U.S.C. 8438(b)(1)(A);
    Interfund transfer means the redistribution of a participant's 
existing account balance among the three investment funds;
    Interfund Transfer Request means submission of a properly completed 
Interfund Transfer Request (Form TSP-30) or proper entry of an interfund 
transfer through use of the ThriftLine.
    Investment fund means the C Fund, the F Fund, or the G Fund;
    Open season means the period during which employees may choose to 
begin making contributions to the Thrift Savings Plan, to change or 
discontinue (without losing the right to recommence contributions the 
next open season) the amount of Employee Contributions currently being 
contributed to the Thrift Savings Plan, or to allocate new Employee and 
Employer Contributions to the Thrift Savings Plan among the investment 
funds;
    Participant means any person with an account in the Thrift Savings 
Fund or who would have an account but for an employing agency error;
    Source of contributions means Employee Contributions, Agency 
Automatic (1%) Contributions, or Agency Matching Contributions;
    Thrift Savings Fund or Fund means the Fund described in 5 U.S.C. 
8437;
    Thrift Savings Plan, TSP, or Plan means the Federal Retirement 
Thrift Savings Plan established by the Federal Employees' Retirement 
System Act of 1986, codified in pertinent part at 5 U.S.C. 8431 et seq.
    ThriftLine means the automated voice response system by which TSP 
participants may, among other things, make interfund transfer requests 
by telephone.
    TSP recordkeeper means the entity that is engaged by the Board to 
perform recordkeeping services for the Thrift Savings Plan. As of the 
date of publication of this part 1606, the TSP recordkeeper is the 
National Finance Center, Office of Finance and Management, United States 
Department of Agriculture, located in New Orleans, Louisiana.

[56 FR 594, Jan. 7, 1991, as amended at 60 FR 36633, July 17, 1995]