Processing legal processes.

CFR · 2024-01-01 · US · Title 5

(a) The payment of legal processes from the TSP is governed solely by the Federal Employees' Retirement System Act, 5 U.S.C. chapter 84, and by the terms of this subpart. Although the TSP record keeper will honor legal processes properly issued by a competent authority, those entities have no jurisdiction over the TSP and the TSP cannot be made a party to the underlying proceedings. (b) The TSP record keeper will review a legal process to determine (1) The participant's account number or Social Security number (SSN); (2) The name and last known mailing address of each payee covered under the order; and (3) The SSN and state of legal residence of the payee if he or she if the current or former spouse of the participant. (c) As soon as practicable after the TSP record keeper receives a document that purports to be a qualifying legal process, whether or not complete, the participant's account will be frozen. After the account is frozen, no TSP withdrawal or loan disbursements will be allowed until the account is unfrozen. All other account activity will be permitted, including contributions, loan repayments, adjustments, investment elections, fund reallocations, and fund transfers. (d) The following documents will not be treated as purporting to be a qualifying legal processes, and accounts of participants to whom such orders relate will not be frozen: (1) A document that does not indicate on its face (or accompany a document that establishes) that it has been issued by a compet

official document · source cfr-2024 · id 5:§ 1653.13