[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: 5CFR1620.42]

[Page 213-214]
 
                    TITLE 5--ADMINISTRATIVE PERSONNEL
 
         CHAPTER VI--FEDERAL RETIREMENT THRIFT INVESTMENT BOARD
 
PART 1620--EXPANDED AND CONTINUING ELIGIBILITY--Table of Contents
 
  Subpart E--Uniformed Services Employment and Reemployment Rights Act 
                   (USERRA)--Covered Military Service
 
Sec. 1620.42  Processing TSP contribution elections.

    (a) Current TSP contribution elections. Immediately upon 
reemployment, an employee's agency will give an eligible employee the 
opportunity to submit a TSP election form (Form TSP-1) to make current 
contributions. The effective date of the current Form TSP-1 will be the 
first day of the first full pay period in the most recent TSP election 
period. If the employee is reemployed during a TSP Open Season but 
before the election period, he or she can also submit an election form 
that will become effective the first day of the first full pay period in 
the following election period.
    (b) Retroactive contribution elections. (1) An employee has the 
following options for making retroactive contributions:
    (i) If the employee had a valid contribution election form (Form 
TSP-1) on file when he or she separated, that election form will be 
reinstated for purposes of retroactive contributions.
    (ii) Instead of making the contributions for the retroactive period 
under the reinstated contribution election form, the employee may submit 
a new election form for any Open Season that occurred during the 
retroactive period.

[[Page 214]]

However, the allocation election on each Form TSP-1 for the retroactive 
period must be the same as the allocation election on the current Form 
TSP-1.
    (2) An employee who terminated contributions within two months 
before entering military service will be eligible to make a retroactive 
contribution election effective for the first Open Season that occurs 
after the effective date that the contributions were terminated. This 
election may be made even if the termination was made outside of an Open 
Season.