[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: 5CFR1606.2] [Page 198-199] TITLE 5--ADMINISTRATIVE PERSONNEL CHAPTER VI--FEDERAL RETIREMENT THRIFT INVESTMENT BOARD PART 1606--LOST EARNINGS ATTRIBUTABLE TO EMPLOYING AGENCY ERRORS--Table of Contents Subpart A--General Provisions Sec. 1606.2 Definitions. The following definitions apply for purposes of this part: Agency Automatic (1%) Contributions means any contributions made under 5 U.S.C. 8432(c)(1); Agency Matching Contributions means any contributions made under 5 U.S.C. 8432(c)(2); 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); 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; CSRS employee or CSRS participant means any employee, member, 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, under 5 U.S.C. 8440a, or under 5 U.S.C. 8440b. Employee Contributions means any contributions made under 5 U.S.C. 8432(a), under 5 U.S.C. 8351, under 5 U.S.C. 8440a(a), or under 5 U.S.C. 8440b(a); Employer Contributions means Agency Automatic (1%) Contributions and Agency Matching Contributions; Employing agency means any entity that provides or has provided pay to an employee or member, thereby incurring responsibility for submitting to the Thrift Savings Fund contributions or loan payments made by or on behalf of that employee or member, or any other entity that has employed an employee or member and has provided information that affects or has affected that employee's or member'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 TSP procedures provided to employing agencies by the Board or TSP recordkeeper; FERS means the Federal Employees' Retirement System established by chapter 84 of title 5, U.S.C., and any equivalent Federal Government retirement plan; [[Page 199]] FERS employee or FERS participant means any employee, member, 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 movement of all or a portion of a participant's existing account balance among the three TSP investment funds; Investment fund means the C Fund, the F Fund, or the G Fund; Loan allotment means TSP loan payments that are deducted from a participant's paycheck to be deposited to that participant's TSP account; 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 be invested had an error not occurred; Negative adjustment record means a data record submitted by an employing agency indicating money to be removed from a participant's account; Open season means the period during which participants 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 currently being contributed to the Thrift Savings Plan, or to allocate prospective 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 in the Thrift Savings Fund but for an employing agency error; Payment record means a data record submitted by an employing agency indicating contributions to be deposited to a participant's account; Payroll submission means an entire submission of one or more TSP payment records (whether submitted on magnetic tape, diskette, or paper forms such as Form TSP-5, Employee Data/Payment/Adjustment Record Input Form), accompanied by a Form TSP-2, Certification of Transfer of Funds and Journal Voucher; Received, with respect to TSP records or information provided by an employing agency, means receipt by the TSP recordkeeper of records or information that can be accepted and processed. For purposes of this definition, TSP records that are received by the TSP recordkeeper, but subsequently are deleted by the TSP recordkeeper because an error in the data prevented the record from processing, will not be deemed to have been received by the TSP recordkeeper; Source of contributions means either Employee Contributions, Agency Automatic (1%) Contributions, or Agency Matching Contributions; Submission or submitted means a transfer of data which has been received by the TSP recordkeeper; 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.; Timely, with respect to loan allotments or TSP contributions other than those made pursuant to 5 U.S.C. 8432(c)(1) (B) or (C), means receipt of TSP payment records or loan allotments by the TSP recordkeeper no later than 12 days after the end of the pay period for which the contribution should have been made. With respect to TSP contributions made pursuant to 5 U.S.C. 8432(c)(1)(B) and (C), timely means receipt of TSP payment records by the TSP recordkeeper on or before April 16, 1987; 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.