§1690.15. Freezing an account—administrative holds.

5 C.F.R. § 1690.15

(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]

Notes, amendments, and revision history

[87 FR 31696, May 24, 2022]

Authority: 5 U.S.C. 8474.

Source: 68 FR 35519, June 13, 2003, unless otherwise noted.

[87 FR 31696, May 24, 2022]