§1600.36. Matching contributions.
5 C.F.R. § 1600.36
A participant is not entitled to keep the matching contributions and their associated earnings that are attributable to refunded default employee contributions.
The matching contributions and associated earnings attributable to refunded default employee contributions shall be forfeited to the TSP and used to offset administrative expenses.
Notes, amendments, and revision history
Authority
Authority: Sec. 102, Pub. L. 111-31, div. B. tit. I, 123 Stat. 1776, 1853 (5 U.S.C. 8432(b)(2)(A)).
Source
Source: 75 FR 43800, July 27, 2010, unless otherwise noted.
Authority
Authority: 5 U.S.C. 8351, 8432(a), 8432(b), 8432(c), 8432(j), 8432d, 8474(b)(5) and (c)(1), and 8440e.
Source
Source: 66 FR 22089, May 2, 2001, unless otherwise noted.