5 C.F.R. Subpart B—Elections
Title 5 - Administrative Personnel
(a) Contribution elections. A contribution election must be made pursuant to §1600.14 and includes the following types of elections: (1) To make employee contributions; (2) To change the amount of employee contributions; or (3) To terminate employee contributions. (b) Contribution allocation. A participant may make or change the manner in which future deposits to his or her account are allocated among the TSP Funds only in accordance with 5 CFR part 1601. [66 FR 22089, May 2, 2001, as amended at 68 FR 35494, June 13, 2003; 70 FR 32207, June 1, 2005] (a) An employee may make a contribution election at any time. (b) A participant must submit a contribution election to his or her employing agency. To make an election, employees may use either the paper election form provided by the TSP, or, if available from their employing agency, electronic media. If an electronic medium is used, all relevant elements contained on the paper form must be included in the electronic medium. (c) A contribution election must: (1) Be completed in accordance with the instructions on the form, if a paper form is used; (2) Be made in accordance with the employing agency's instructions, if the submission is made electronically; and (3) Not exceed the maximum contribution limitations described in §1600.22. (d) A contribution election will become effective no later than the first full pay period after it is received by the employing agency. [70 FR 32207, June 1, 2005] (a) Employees not previously eligible to receive agency contributions. An employee appointed or reappointed to a position covered by FERS who had not been previously eligible to receive agency contributions is eligible to receive agency contributions under the following rules: (1) If the effective date of the appointment is any day during the period June 1 through November 30, the agency contributions must begin the first full pay period of the following June; and (2) If the effective date of the appointment is any day during the period December 1 through May 31, the agency contributions must begin the first full pay period of the following December. (b) Employees previously eligible to receive agency contributions. An employee reappointed to a position covered by FERS who was previously eligible to receive agency contributions is immediately eligible to receive agency contributions. [70 FR 32207, June 1, 2005] (a) If an employee appointed to a position covered by CSRS elects to transfer to FERS, the employee may make a contribution election at any time. (b) Eligibility to make employee contributions, and therefore to have agency matching contributions made on the employee's behalf, is subject to the restrictions on making employee contributions after receipt of a financial hardship in-service withdrawal described at 5 CFR part 1650. (c) If the employee had elected to make TSP contributions while covered by CSRS, the election continues to be valid until the employee makes a new valid election. (d) Agency automatic (1%) contributions for all employees covered under this section and, if applicable, agency matching contributions attributable to employee contributions must begin the same pay period that the transfer to FERS becomes effective. [70 FR 32207, June 1, 2005]
Title 5: Administrative Personnel
PART 1600—EMPLOYEE CONTRIBUTION ELECTIONS AND CONTRIBUTION ALLOCATIONS
Subpart B—Elections
§ 1600.11 Types of elections.
§ 1600.12 Contribution elections.
§ 1600.13 Timing of agency contributions.
§ 1600.14 Effect of transfer to FERS.
