[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: 5CFR1645.6]

[Page 262]
 
                    TITLE 5--ADMINISTRATIVE PERSONNEL
 
         CHAPTER VI--FEDERAL RETIREMENT THRIFT INVESTMENT BOARD
 
PART 1645--ALLOCATION OF EARNINGS--Table of Contents
 
Sec. 1645.6  Earnings allocation for individual accounts.

    (a) Computation of earnings for each individual account. Earnings 
for each source of contributions for each investment fund will be 
allocated to each individual account separately. The total net earnings 
for each investment fund (as computed under Sec. 1645.3) will be divided 
by the total fund basis for that investment fund (as computed under 
Sec. 1645.5(c)). The resulting number (the ``allocation factor'') will 
be multiplied by the individual account basis for the respective source 
of contributions in that investment fund (as computed under 
Sec. 1645.5(a)), to determine the individual account earnings for the 
valuation period attributable to that source of contributions in that 
investment fund. The earnings of the individual account for each source 
of contributions in each investment fund, when added together, will 
constitute the earnings for that individual account during the valuation 
period.
    (b) Residual net earnings. Amounts allocated to individual accounts 
may not exceed the total amount of earnings available to be allocated. 
To avoid allocating excessive amounts, computation of earnings for 
individual accounts described in paragraph (a) of this section will not 
include fractions of a cent. Residual net earnings attributable to 
unallocated fractions of a cent will be allocated with the earnings for 
the following valuation period.

[61 FR 58974, Nov. 20, 1996]