[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: 5CFR1620.2]

[Page 207-208]
 
                    TITLE 5--ADMINISTRATIVE PERSONNEL
 
         CHAPTER VI--FEDERAL RETIREMENT THRIFT INVESTMENT BOARD
 
PART 1620--EXPANDED AND CONTINUING ELIGIBILITY--Table of Contents
 
                           Subpart A--General
 
Sec. 1620.2  Definitions.

    As used in this part:
    Account balance means the nonforfeitable valued account balance of a 
TSP participant as of the most recent month-end.
    Basic pay means basic pay as defined in 5 U.S.C. 8331(3). For CSRS 
and FERS employees, it is the rate of pay used in computing any amount 
the individual is otherwise required to contribute to the Civil Service 
Retirement and Disability Fund as a condition for participating in the 
Civil Service Retirement System or the Federal Employees' Retirement 
System, as the case may be.
    Board means the Federal Retirement Thrift Investment Board 
established under 5 U.S.C. 8472.
    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 5 
U.S.C. chapter 83, subchapter III, or any equivalent retirement system.
    CSRS employee or CSRS participant means any employee or participant 
covered by CSRS or an equivalent retirement system, including employees 
authorized to contribute to the TSP under 5 U.S.C. 8351.
    Election period means the last calendar month of a TSP open season 
and is the earliest period in which an election to make or change a TSP 
contribution election can become effective.
    Employee contributions means any contributions to the Thrift Savings 
Plan made under 5 U.S.C. 8351(a), 8432(a), or 8440a through 8440d.
    Employer contributions means agency automatic (1%) contributions 
under 5 U.S.C. 8432(c)(1) or 8432(c)(3), and agency matching 
contributions under 5 U.S.C. 8432(c)(2).
    Employing agency means the organization that employs an individual 
described at Sec. 1620.1 as being eligible to contribute to the TSP and 
that has authority to make personnel compensation decisions for such 
employee.
    Executive Director means the Executive Director of the Federal 
Retirement Thrift Investment 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 5 
U.S.C. chapter 84, and any equivalent Federal Government retirement 
system.
    FERS employee or FERS participant means any employee or participant 
covered by FERS.
    G Fund means the Government Securities Investment Fund established 
under 5 U.S.C. 8438(b)(1)(A).
    Individual account means the account established for a participant 
in the Thrift Savings Plan under 5 U.S.C. 8439(a).
    In-service withdrawal means an age-based or financial hardship 
withdrawal from the TSP obtained by a participant before separation from 
Government employment.
    Investment fund means either the G Fund, the F Fund, or the C Fund, 
and any other TSP investment funds created after December 27, 1986.

[[Page 208]]

    Monthly processing cycle means the process, beginning on the evening 
of the fourth business day of the month, by which the TSP record keeper 
allocates the amount of earnings to be credited to participant accounts 
in the TSP, implements interfund transfer requests, and authorizes 
disbursements from the TSP.
    Open season means the period during which employees may choose to 
begin making contributions to the TSP, to change or discontinue (without 
losing the right to recommence contributions the next open season) the 
amount currently being contributed to the TSP, or to allocate 
prospective contributions to the TSP among the investment funds.
    Plan participant or 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.
    Post-employment withdrawal means a withdrawal from the TSP obtained 
by a participant who has separated from Government employment.
    Separation from Government employment means the cessation of 
employment with the Federal Government or the U.S. Postal Service (or 
with any other employer from a position that is deemed to be Government 
employment for purposes of participating in the TSP) for 31 or more full 
calendar days.
    Spouse means the person to whom a TSP participant is married on the 
date he or she signs forms on which the TSP requests spouse information 
including a spouse from whom the participant is legally separated, and 
includes a person with whom a participant is living in a relationship 
that constitutes a common law marriage in the jurisdiction in which they 
live.
    Thrift Savings Fund means the Fund described in 5 U.S.C. 8437.
    Thrift Savings Plan, TSP, or Plan means the Thrift Savings Plan 
established under subchapters III and VII of the Federal Employees' 
Retirement System Act of 1986, 5 U.S.C. 8351 and 8401-8479.
    Thrift Savings Plan (TSP) contribution election means a request by 
an employee to start contributing to the TSP, to terminate contributions 
to the TSP, to change the amount of contributions made to the TSP each 
pay period, or to change the allocation of future TSP contributions 
among the investment funds, and made effective pursuant to 5 CFR part 
1600.
    Thrift Savings Plan Service Computation Date means the date, actual 
or constructed, that includes all ``service'' as defined at 5 CFR 
1603.1.
    Thrift Savings Plan Service Office means the office established by 
the Board to service participants. This office's current address is: 
Thrift Savings Plan Service Office, National Finance Center, P.O. Box 
61500, New Orleans, Louisiana 70161-1500.