[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: 5CFR1645.5]

[Page 262]
 
                    TITLE 5--ADMINISTRATIVE PERSONNEL
 
         CHAPTER VI--FEDERAL RETIREMENT THRIFT INVESTMENT BOARD
 
PART 1645--ALLOCATION OF EARNINGS--Table of Contents
 
Sec. 1645.5  Basis for allocation of earnings.

    (a) Individual account basis. Except for the amounts described in 
paragraph (b) of this section, the individual account basis on the 
earnings allocation date for each source of contributions in each 
investment fund equals:
    (1) The month-end account balance as of the previous allocation 
date; plus
    (2) One-half of contributions posted to the individual account 
during the current valuation period (except for contributions referred 
to in paragraph (b) of this section); plus
    (3) One-half of all loan repayments posted to the individual account 
during the current valuation period.
    (b) Inclusion of retroactive contributions. The individual account 
basis for agency automatic (1%) contributions will also include all 
amounts attributable to retroactive contributions that are made to the 
individual account pursuant to 5 U.S.C. 8432(c)(3) and that are 
processed by the recordkeeper during the current valuation period.
    (c) Computation of fund basis. For each valuation period, the total 
fund basis for each investment fund will be the sum of all individual 
account bases for all sources of contributions in that investment fund, 
calculated as described in paragraphs (a) and (b) of this section.

[61 FR 58974, Nov. 20, 1996]