Payment.

CFR · 2024-01-01 · US · Title 5

(a) Payment pursuant to a qualifying tax levy or criminal restitution order will be made 30 days after the decision letter. (b) In no case will payment exceed the participant's calculated entitlement. (c) The entire amount of a criminal restitution order or tax levy entitlement must be disbursed at one time. A series of payments will not be made. A payment pursuant to a criminal restitution order or tax levy extinguishes all rights to any further payment under that order or tax levy, even if the entire amount of the entitlement cannot be paid. Any further award must be contained in a separate criminal restitution order or tax levy. (d) If a participant has funds in more than one type of account, payment will be made from each account in the following order, until the amount required by the tax levy or stated in the enforcement letter is reached: (1) Civilian account; (2) Uniformed services account; (3) Beneficiary participant account. (e) Payment will be made pro rata from the participant's traditional and Roth balances. The distribution from the traditional balance will be further pro rated between the tax-deferred balance and tax-exempt balance. The payment from the Roth balance will be further pro rated between contributions in the Roth balance and earnings in the Roth balance. In addition, all payments will be distributed pro rata from all TSP core funds in which the participant's account is invested. All pro rated amounts will be based on the balances in each fund or sou

official document · source cfr-2024 · id 5:§ 1653.36