Calculating entitlements.

CFR · 2024-01-01 · US · Title 5

(a) For purposes of computing the amount of a payee's entitlement under this section, a participant's TSP account balance will include any loan balance outstanding as of the date used for calculating the payee's entitlement, unless the court order provides otherwise. (b) If the court order awards a percentage of an account as of a specific date, the payee's entitlement will be calculated based on the account balance as of that date. If the date specified in the order is not a business day, the TSP record keeper will use the participant's account balance as of the last preceding business day. (c) If the court order awards a percentage of an account but does not contain a specific date as of which to apply that percentage, the TSP record keeper will use the liquidation date. (d) If the court order awards a specific dollar amount, the payee's entitlement will be the lesser of: (1) The dollar amount stated in the court order; or (2) The vested account balance on the date of disbursement. (e) If a court order describes a payee's entitlement in terms of a fixed dollar amount and a percentage or fraction of the account, the TSP will pay the fixed dollar amount, even if the percentage or fraction, when applied to the account balance, would yield a different result. (f) The payee's entitlement will be credited with TSP investment earnings as described: (1) The entitlement calculated under this section will not be credited with TSP investment earnings unless the court order specificall

official document · source cfr-2024 · id 5:§ 1653.4