[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: 5CFR1650.1]

[Page 263-264]
 
                    TITLE 5--ADMINISTRATIVE PERSONNEL
 
         CHAPTER VI--FEDERAL RETIREMENT THRIFT INVESTMENT BOARD
 
PART 1650--METHODS OF WITHDRAWING FUNDS FROM THE THRIFT SAVINGS PLAN--Table of Contents
 
                           Subpart A--General
 
Sec. 1650.1  Definitions.


    As used in this part:
    Account balance means, unless otherwise specified, the 
nonforfeitable valued account balance of a TSP participant as of the 
most recent month-end before the date a withdrawal occurs.
    Board means the Federal Retirement Thrift Investment Board 
established pursuant to 5 U.S.C. 8472.
    CSRS means the Civil Service Retirement System established by 5 
U.S.C. chapter 83, subchapter III, or any equivalent retirement system.
    FERS means the Federal Employees' Retirement System established by 5 
U.S.C. chapter 84, or any equivalent retirement system.
    In-service withdrawal means an age-based or financial hardship 
withdrawal from the TSP obtained by a participant who is still employed 
by the Government.
    Monthly processing cycle means the process, beginning on the evening 
of the fourth business day of the month, by which the record keeper 
allocates the amount of earnings to be credited to participant accounts 
in the Plan and authorizes disbursements from the Plan.
    Participant means any person with an account in the Thrift Savings 
Plan.
    Post-employment withdrawal means a withdrawal from the TSP obtained 
by a participant who has separated from Government employment, as 
defined in this section.
    Reimbursement means a payment made to or on behalf of a participant 
by any person or entity (including an insurance company) to cover the 
cost of an extraordinary expense described in Sec. 1650.31(a)(2).
    Separation from Government employment means the cessation of 
employment with the Federal Government or

[[Page 264]]

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 at least 31 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 
including 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 Plan, TSP, or Plan means the Federal Retirement 
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 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.
    Valuation date means, for purposes of a required minimum 
distribution, the last day of the calendar year immediately preceding 
the year for which a distribution is made.