[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: 5CFR1606.9]

[Page 203]
 
                    TITLE 5--ADMINISTRATIVE PERSONNEL
 
         CHAPTER VI--FEDERAL RETIREMENT THRIFT INVESTMENT BOARD
 
PART 1606--LOST EARNINGS ATTRIBUTABLE TO EMPLOYING AGENCY ERRORS--Table of Contents
 
   Subpart C--Lost Earnings Not Attributable to Delayed or Erroneous 
                              Contributions
 
Sec. 1606.9  Loan allotments.


    (a) Loan allotments deducted from a participant's pay but not timely 
received by the TSP recordkeeper due to employing agency error shall be 
subject to lost earnings. In such cases:
    (1) The employing agency must submit a lost earnings record 
indicating the amount of the loan allotment, the pay date for which the 
loan allotment was actually submitted, and the pay date for which the 
loan allotment should have been submitted;
    (2) The TSP recordkeeper shall compute lost earnings on the belated 
loan allotment using the G Fund rates of return for each month of the 
calculation;
    (3) The amount of lost earnings calculated shall be deposited in the 
participant's account pro rata among the three investment funds on the 
basis of the balances of the three investment funds in the participant's 
account as of the end of the second month preceding the month during 
which the lost earnings record is processed.
    (b) Loan allotments not deducted from a participant's pay due to 
employing agency error will not be subject to lost earnings.