[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: 5CFR1605.1] [Page 187-189] TITLE 5--ADMINISTRATIVE PERSONNEL CHAPTER VI--FEDERAL RETIREMENT THRIFT INVESTMENT BOARD PART 1605--CORRECTION OF ADMINISTRATIVE ERRORS--Table of Contents Subpart A--Definitions Sec. 1605.1 Definitions. The following definitions apply for purposes of this part: Account or TSP account means a participant's account in the Thrift Savings Plan; Agency automatic (1%) contributions means any contributions made under 5 U.S.C. 8432 (c)(1) or (c)(3); Agency contributions means agency automatic (1%) contributions and agency matching contributions; Agency matching contributions means any contributions made under 5 U.S.C. 8432(c)(2); Basic pay means basic pay as defined in 5 U.S.C. 8331(3), and it is the rate of pay used in computing any amount the individual is required to contribute to the Civil Service Retirement and Disability Fund as a condition for participating in the CSRS or the FERS, as the case may be; Board means the Federal Retirement Thrift Investment Board; Board error means any act or omission by the Board that is not in accordance with applicable statutes, regulations, or administrative procedures made available to employing agencies and/or TSP participants (including, but not limited to, TSP communications materials and other publications); C Fund means the Common Stock Index Investment Fund established under 5 U.S.C. 8438(b)(1)(C); CSRS means the Civil Service Retirement System established by Subchapter III of chapter 83 of title 5, U.S.C., and any equivalent Federal Government retirement plan; [[Page 188]] CSRS employee or CSRS participant means any employee, member, or participant covered by CSRS, including employees authorized to contribute to the Thrift Savings Plan under 5 U.S.C. 8351, or 5 U.S.C. 8440a through 8440d; Employee contributions means any contributions to the Thrift Savings Plan made under 5 U.S.C. 8432(a), 5 U.S.C. 8351 or 5 U.S.C. 8440a through 8440d; Employer contributions means agency automatic (1%) contributions and agency matching contributions; Employing agency means any entity that provides or has provided pay to an individual, thereby incurring responsibility for submitting to the Thrift Savings Fund contributions made by or on behalf of that individual; any entity responsible for submitting TSP loan payments on behalf of an individual; or any other entity that has employed an individual and has provided information that affects or has affected that individual's TSP account; Employing agency error means any act or omission by an employing agency that is not in accordance with all applicable statutes, regulations, or administrative procedures, including internal procedures promulgated by the employing agency and TSP procedures provided to employing agencies by the Board or TSP recordkeeper; Executive Director means the Executive Director of the Board under 5 U.S.C. 8474; F Fund means the Fixed Income Investment Fund established under 5 U.S.C. 8438(b)(1)(B); 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, member, or participant covered by FERS; G Fund means the Government Securities Investment Fund established under 5 U.S.C. 8438(b)(1)(A); Interfund transfer means the movement of all or a portion of a participant's existing account balance among the TSP investment funds; Investment fund means the C Fund, the F Fund, the G Fund, and any other TSP investment funds created subsequent to December 27, 1996. Investment fund election means a choice by a participant concerning how TSP contributions shall be allocated among the TSP investment funds; Lost earnings record means a data record containing information enabling the TSP system to compute lost earnings and to determine the investment fund in which money would have been invested had an error not occurred; Makeup contributions means employee or employer contributions that are made for an earlier period during which they would have been made but for an employing agency error; Negative adjustment record means a data record submitted by an employing agency to remove money from a participant's account; Open season means the period during which participants may choose to begin making contributions to the TSP, to change or discontinue the amount currently being contributed to the TSP (without losing the right to recommence contributions the next open season), or to allocate prospective contributions to the TSP among the investment funds; Participant means any person with an account in the TSP, or who would have an account in the TSP but for an employing agency error; Recordkeeper error means any act or omission by the TSP recordkeeper that is not in accordance with applicable statutes, regulations, or administrative procedures made available to employing agencies and/or TSP participants (including, but not limited to, TSP communications materials and other publications); Source of contributions means either employee contributions, agency automatic (1%) contributions, or agency matching contributions; Thrift Savings Plan, TSP, or Plan means the Federal Retirement Thrift Savings Plan established by the Federal Employees' Retirement System Act of 1986 (FERSA), Pub. L. 99-335, 100 Stat. 514, which has been codified, as amended, primarily at 5 U.S.C. 8401-8479; and TSP Recordkeeper means the entity that is engaged by the Board to perform recordkeeping services for the [[Page 189]] TSP. As of the effective date of these regulations, the TSP recordkeeper is the National Finance Center, Office of the Chief Financial Officer, United States Department of Agriculture, located in New Orleans, Louisiana.