5 C.F.R. Subpart D—Contribution Allocations and Interfund Transfer Requests
Title 5 - Administrative Personnel
This subpart applies both to contribution allocations made under subpart B of this part and interfund transfers made under subpart C of this part. (a) Posting dates. The date on which the TSP processes or posts a contribution allocation or interfund transfer request (transaction request) is subject to a number of factors, including some that are outside of the control of the TSP, such as power outages, the failure of telephone service, unusually heavy transaction volume, and acts of God. These factors also could affect the availability of the TSP Web site and the ThriftLine. Therefore, the TSP cannot guarantee that a transaction request will be processed on a particular day. However, the TSP will process transaction requests under ordinary circumstances according to the following rules: (1) A transaction request entered into the TSP record keeping system by a participant who uses the TSP Web site or the ThriftLine, or by a TSP Service Office participant service representative at the participant's request, at or before 12:00 noon eastern time of any business day, will ordinarily be posted that business day. A transaction request entered into the system after 12:00 noon eastern time of any business day will ordinarily be posted on the next business day. (2) A transaction request made on the TSP Web site or the ThriftLine on a non-business day will ordinarily be posted on the next business day. (3) A transaction request made on a paper TSP form will ordinarily be posted under the rules in paragraph (a)(1) of this section, based on when the TSP record keeper enters the form into the TSP system. The TSP record keeper ordinarily enters such forms into the system within 24 hours of their receipt. (4) In most cases, the share price(s) applied to an interfund transfer request is the value of the shares on the date the relevant transaction is posted. In some circumstances, such as error correction, the share price(s) for an earlier date will be used. (b) Limit. There is no limit on the number of contribution allocations or interfund transfer requests that may be made by a participant. [70 FR 32208, June 1, 2005] (a) A participant who wants to invest in a TSP Fund other than the G Fund must execute an acknowledgment of risk for that fund. If a required acknowledgment of risk has not been executed, no transactions involving the fund(s) for which the acknowledgment is required will be accepted. (b) The acknowledgment of risk may be executed in association with a contribution allocation or an interfund transfer using the TSP Web site, the ThriftLine, or a paper TSP form. [70 FR 32208, June 1, 2005] Errors in processing contribution allocations and interfund transfer requests, or errors that otherwise cause money to be invested in the wrong investment fund, will be corrected in accordance with the error correction regulations found at 5 CFR part 1605. [66 FR 22093, May 2, 2001. Redesignated at 70 FR 32208, June 1, 2005]
Title 5: Administrative Personnel
PART 1601—PARTICIPANTS' CHOICES OF TSP FUNDS
Subpart D—Contribution Allocations and Interfund Transfer Requests
§ 1601.31 Applicability.
§ 1601.32 Timing and posting dates.
§ 1601.33 Acknowledgment of risk.
§ 1601.34 Error correction.
