Agency procedures.

CFR · 2024-01-01 · US · Title 5

(a) Each agency shall establish written procedures governing advance payments. These procedures shall include— (1) Criteria to be considered before approval or denial of employee requests for advance payments; (2) Criteria to be considered before waiving all or part of advance payments; and (3) Processing and accounting procedures governing advance payments. (b) Before making an advance payment, an agency shall require that the employee sign an agreement to repay to the Federal Government any amount for which repayment has not been waived by the agency head under § 550.206 of this part. (c) Before making an advance payment, an agency shall provide the following information to the employee in writing: (1) A statement indicating how the advance in pay will be recovered from the employee by the Federal Government, either in installments under agency procedures for payroll deductions or by salary offset procedures under subpart K of this part; (2) The total amount of the advance in pay, the total number of pay periods (3) A statement indicating that the employee may prepay all or part of the balance of the advance payment at any time before the money is due, including instructions as to where and how such prepayments may be made. (4) A statement indicating that the amount of the advance in pay not yet repaid by an employee or waived by the agency head is due and must be repaid by the employee if the employee transfers to another agency or the individual's employment with the agen

official document · source cfr-2024 · id 5:§ 550.204