[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: 5CFR1645.1]

[Page 261]
 
                    TITLE 5--ADMINISTRATIVE PERSONNEL
 
         CHAPTER VI--FEDERAL RETIREMENT THRIFT INVESTMENT BOARD
 
PART 1645--ALLOCATION OF EARNINGS--Table of Contents
 
Sec. 1645.1  Definitions.

    As used in this part, the following terms have the following 
meanings:
    Accrued means accounted for during a valuation period, whether or 
not actually paid or received during that period.
    Administrative expenses means the expenses authorized by 5 U.S.C. 
8437(c)(3).
    Agency automatic (1%) contributions means contributions made 
pursuant to 5 U.S.C. 8432(c)(1) or 5 U.S.C. 8432(c)(3).
    Agency matching contributions means contributions made pursuant to 5 
U.S.C. 8432(c)(2).
    Allocation means any pro rata distribution of amounts.
    Allocation date means the last day of each calendar month.
    Basis means the portion of an account or Investment Fund upon which 
the allocation of earnings is based.
    Board means the Federal Retirement Thrift Investment Board 
established pursuant to 5 U.S.C. 8472.
    C Fund means the Common Stock Index Investment Fund established 
pursuant to 5 U.S.C. 8438(b)(1)(C).
    Employee contributions means any contributions made pursuant to 5 
U.S.C. 8432(a) or 5 U.S.C. 8351(a).
    Employer contributions means agency automatic (1%) contributions and 
agency matching contributions.
    F Fund means the Fixed Income Investment Fund established pursuant 
to 5 U.S.C. 8438(b)(1)(B).
    Forfeitures means amounts forfeited pursuant to 5 U.S.C. 8432(g)(2) 
and other nonstatutory forfeited amounts, net of restored forfeited 
amounts.
    G Fund means the Government Securities Investment Fund established 
pursuant to 5 U.S.C. 8438(b)(1)(A).
    Individual account means the account established for a participant 
in the Thrift Savings Fund pursuant to 5 U.S.C. 8439(a)(2).
    Investment Fund means the G Fund, the F Fund, or the C Fund.
    Month-end account balance means the value, as of the allocation 
date, of the funds for each source of contributions in each investment 
fund, including all earnings, and any forfeiture, restored forfeited 
amount, adjustment, earnings correction, loan, withdrawal, or interfund 
transfer transactions posted as of the allocation date.
    Posting means the process of crediting or debiting amounts to an 
individual account.
    Recordkeeper means the organization designated by the Board as the 
Thrift Savings Plan's recordkeeper.
    Source means the origin of any one of the three types of 
contributions that are made to the Fund on behalf of participants--
employee contributions, agency automatic (1%) contributions, or agency 
matching contributions.
    Thrift Savings Fund or Fund means the Fund described in 5 U.S.C. 
8437.
    Valuation period means the calendar month during which earnings 
accrue.

[53 FR 15621, May 2, 1988, as amended at 61 FR 58973, Nov. 20, 1996]