Freezing an account—administrative holds.

CFR · 2024-01-01 · US · Title 5

(a) The TSP record keeper may freeze (e.g., place an administrative hold on) a participant's account for any of the following reasons: (1) Pursuant to a qualifying retirement benefits court order as set forth in part 1653 of this chapter; (2) Pursuant to a request from the Department of Justice under the Mandatory Victims Restitution Act; (3) Upon the death of a participant; (4) Upon suspicion or knowledge of fraudulent account activity or identity theft; (5) In response to litigation pertaining to an account; (6) For operational reasons (e.g., to correct a processing error or to stop payment on a check when account funds are insufficient); (7) Pursuant to a written request from a participant made in the manner prescribed by the TSP record keeper; and (8) For any other reason necessary to ensure the integrity of TSP accounts or compliance with law. (b) [Reserved]

official document · source cfr-2024 · id 5:§ 1690.15