
From the U.S. Code Online via GPO Access
[wais.access.gpo.gov]
[Laws in effect as of January 2, 2001]
[Document not affected by Public Laws enacted between
  January 2, 2001 and January 28, 2002]
[CITE: 5USC8432]

 
             TITLE 5--GOVERNMENT ORGANIZATION AND EMPLOYEES
 
                           PART III--EMPLOYEES
 
                   Subpart G--Insurance and Annuities
 
            CHAPTER 84--FEDERAL EMPLOYEES' RETIREMENT SYSTEM
 
                   SUBCHAPTER III--THRIFT SAVINGS PLAN
 
Sec. 8432. Contributions

    (a)(1) An employee or Member may contribute to the Thrift Savings 
Fund in any pay period, pursuant to an election under subsection (b), an 
amount not to exceed the maximum percentage of such employee's or 
Member's basic pay for such pay period allowable under paragraph (2). 
Contributions under this subsection pursuant to such an election shall, 
with respect to each pay period for which such election remains in 
effect, be made in accordance with a program of regular contributions 
provided in regulations prescribed by the Executive Director.
    (2) The maximum percentage allowable under this paragraph shall be 
determined in accordance with the following table:

In the case of a pay period                         The maximum percent-
beginning in fiscal year:                              age allowable is:
            2001................................                   11   
            2002................................                   12   
            2003................................                   13   
            2004................................                   14   
            2005................................                   15   
            2006 or thereafter..................                  100.  

    (b)(1)(A) The Executive Director shall prescribe regulations under 
which employees and Members shall be afforded a reasonable period every 
6 months to elect to make contributions under subsection (a), to modify 
the amount to be contributed under such subsection, or to terminate such 
contributions. An election to make such contributions shall remain in 
effect until modified or terminated.
    (B) The amount to be contributed pursuant to an election under 
subparagraph (A) (or any election allowable by virtue of paragraph (4)) 
shall be the percentage of basic pay or amount designated by the 
employee or Member.
    (2) Under the regulations--
        (A) an employee or Member who has not previously been eligible 
    to make an election under this subsection shall not become so 
    eligible until the second period (described in paragraph (1)) 
    beginning after the date of commencing service as an employee or 
    Member;
        (B) an employee or Member whose appointment or election to a 
    position or office in the Federal Government follows a previous 
    period of service during which that individual met the requirements 
    of subparagraph (A) shall be eligible to make an election under this 
    subsection notwithstanding any period of separation;
        (C) an employee or Member who elects under subparagraph (D) to 
    terminate contributions shall not again become eligible to make an 
    election under this subsection until the second period (described in 
    paragraph (1)) commencing after the election to terminate; and
        (D) an election to terminate may be made under this subparagraph 
    at any time other than during a period afforded under paragraph (1).

    (3) An employee or Member who elects to become subject to this 
chapter under section 301 of the Federal Employees' Retirement System 
Act of 1986 may make the first election for the purpose of subsection 
(a) during the period prescribed for such purpose by the Executive 
Director. The period prescribed by the Executive Director shall commence 
on the date on which the employee or Member makes the election to become 
subject to this chapter.
    (4) The Executive Director shall prescribe such regulations as may 
be necessary to carry out the following:
        (A) Notwithstanding subparagraph (A) of paragraph (2), an 
    employee or Member described in such subparagraph shall be afforded 
    a reasonable opportunity to first make an election under this 
    subsection beginning on the date of commencing service or, if that 
    is not administratively feasible, beginning on the earliest date 
    thereafter that such an election becomes administratively feasible, 
    as determined by the Executive Director.
        (B) An employee or Member described in subparagraph (B) of 
    paragraph (2) shall be afforded a reasonable opportunity to first 
    make an election under this subsection (based on the appointment or 
    election described in such subparagraph) beginning on the date of 
    commencing service pursuant to such appointment or election or, if 
    that is not administratively feasible, beginning on the earliest 
    date thereafter that such an election becomes administratively 
    feasible, as determined by the Executive Director.
        (C) Notwithstanding the preceding provisions of this paragraph, 
    contributions under paragraphs (1) and (2) of subsection (c) shall 
    not be payable with respect to any pay period before the earliest 
    pay period for which such contributions would otherwise be allowable 
    under this subsection if this paragraph had not been enacted.
        (D) Sections 8351(a)(2), 8440a(a)(2), 8440b(a)(2), 8440c(a)(2), 
    and 8440d(a)(2) shall be applied in a manner consistent with the 
    purposes of subparagraphs (A) and (B), to the extent those 
    subparagraphs can be applied with respect thereto.
        (E) Nothing in this paragraph shall affect paragraph (3).

    (c)(1)(A) At the time prescribed by the Executive Director, but no 
later than 12 days after the end of the pay period that includes the 
first date on which an employee or Member may make contributions under 
subsection (a) (without regard to whether the employee or Member has 
elected to make such contributions during such pay period), and within 
such time as the Executive Director may prescribe with respect to 
succeeding pay periods (but no later than 12 days after the end of each 
such pay period), the employing agency shall contribute to the Thrift 
Savings Fund for the benefit of such employee or Member the amount equal 
to 1 percent of the basic pay of such employee or Member for such pay 
period.
    (B) In the case of each employee or Member who is an employee or 
Member on January 1, 1987, and continues as an employee or Member 
without a break in service through April 1, 1987, the employing agency 
shall contribute to the Thrift Savings Fund for the benefit of such 
employee or Member the amount equal to 1 percent of the total basic pay 
paid to such employee or Member for that period of service.
    (C) If an employee or Member--
        (i) is an employee or Member on January 1, 1987;
        (ii) separates from Government employment before April 1, 1987; 
    and
        (iii) before separation, completes the number of years of 
    civilian service applicable to such employee or Member under 
    subparagraph (A) or (B) of subsection (g)(2),

the employing agency shall contribute to the Thrift Savings Fund for the 
benefit of such employee or Member the amount equal to 1 percent of the 
total basic pay paid to such employee or Member for service performed on 
or after January 1, 1987, and before the date of the separation.
    (2)(A) In addition to contributions made under paragraph (1), the 
employing agency of an employee or Member who contributes to the Thrift 
Savings Fund under subsection (a) for any pay period shall make a 
contribution to the Thrift Savings Fund for the benefit of such employee 
or Member. The employing agency's contribution shall be made within such 
time as the Executive Director may prescribe, but no later than 12 days 
after the end of each such pay period.
    (B) The amount contributed under subparagraph (A) by an employing 
agency with respect to a contribution of an employee or Member during 
any pay period shall be the amount equal to the sum of--
        (i) such portion of the total amount of the employee's or 
    Member's contribution as does not exceed 3 percent of such 
    employee's or Member's basic pay for such period; and
        (ii) one-half of such portion of the amount of the employee's or 
    Member's contribution as exceeds 3 percent, but does not exceed 5 
    percent, of such employee's or Member's basic pay for such pay 
    period.

    (C) Notwithstanding subparagraph (B), the amount contributed under 
subparagraph (A) by an employing agency with respect to any contribution 
made by an employee or Member during any pay period which begins after 
the date on which such employee or Member makes an election under 
subsection (b)(4) and before July 1, 1987, shall be the amount equal to 
the sum of--
        (i) two times such portion of the total amount of the employee's 
    or Member's contribution as does not exceed 3 percent of such 
    employee's or Member's basic pay for such pay period; and
        (ii) such portion of the total amount of the employee's or 
    Member's contributions as exceeds 3 percent, but does not exceed 5 
    percent, of such employee's or Member's basic pay for such pay 
    period.

    (3)(A) There shall be contributed to the Thrift Savings Fund on 
behalf of each employee or Member described in subparagraph (B) the 
amount determined under subparagraph (C).
    (B) An employee or Member referred to in subparagraph (A) is an 
employee or Member who--
        (i) is an employee or Member on January 1, 1987;
        (ii) has creditable service described in section 8411(b)(2) of 
    this title; and
        (iii) has not received a refund of the amount of the retirement 
    deductions made with respect to such service under section 204 of 
    the Federal Employees' Retirement Contribution Temporary Adjustment 
    Act of 1983.

    (C) The amount referred to in subparagraph (A) in the case of an 
employee or Member is equal to the sum of--
        (i) 1 percent of the total basic pay paid to such employee or 
    Member for service described in section 8411(b)(2) of this title; 
    and
        (ii) interest on such amount computed with respect to such 
    service in the manner provided in paragraphs (2) and (3) of section 
    8334(e) of this title.

    (D) The Secretary of the Treasury shall credit to the Thrift Savings 
Fund, out of any sums in the Treasury not otherwise appropriated, the 
amounts determined by the Director to be necessary to carry out this 
paragraph.
    (d) Notwithstanding any other provision of this section, no 
contribution may be made under this section for any year to the extent 
that such contribution, when added to prior contributions for such year, 
exceeds any limitation under section 415 of the Internal Revenue Code of 
1986. However, no contribution made under subsection (c)(3) shall be 
subject to, or taken into account, for purposes of the preceding 
sentence.
    (e) The sums required to be contributed to the Thrift Savings Fund 
by an employing agency under subsection (c) for the benefit of an 
employee or Member shall be paid from the appropriation or fund 
available to such agency for payment of salaries of the employee's or 
Member's office or establishment. When an employee or Member in the 
legislative branch is paid by the Chief Administrative Officer of the 
House of Representatives, the Chief Administrative Officer may pay from 
the applicable accounts of the House of Representatives the contribution 
that otherwise would be contributed from the appropriation or fund used 
to pay the employee or Member.
    (f) Amounts contributed by an employee or Member under subsection 
(a) and amounts contributed with respect to such employee or Member 
under subsection (c) shall be deposited in the Thrift Savings Fund to 
the credit of that employee's or Member's account in accordance with 
such procedures as the Secretary of the Treasury may, in consultation 
with the Executive Director, prescribe in regulations.
    (g)(1) Except as otherwise provided in this subsection, all 
contributions made under this section shall be fully nonforfeitable when 
made.
    (2) Contributions made for the benefit of an employee under 
subsection (c)(1) and all earnings attributable to such contributions 
shall be forfeited if the employee separates from Government employment 
before completing--
        (A) 2 years of civilian service in the case of an employee who, 
    at the time of separation, is serving in--
            (i) a position in the Senior Executive Service as a 
        noncareer appointee (as defined in section 3132(a)(7) of this 
        title);
            (ii) a position listed in section 5312, 5313, 5314, 5315, or 
        5316 of this title or a position placed in level IV or V of the 
        Executive Schedule under section 5317 of this title; or
            (iii) a position in the Executive branch which is excepted 
        from the competitive service by the Office by reason of the 
        confidential and policy-determining character of the position; 
        or

        (B) 3 years of civilian service in the case of an employee who 
    is not serving in a position described in subparagraph (A) at the 
    time of separation.

    (3) Contributions made for the benefit of a Member or Congressional 
employee under subsection (c)(1) and all earnings attributable to such 
contributions shall be forfeited if the Member or Congressional employee 
separates from Government employment before completing 2 years of 
civilian service.
    (4) Nothing in paragraph (2) or (3) shall cause the forfeiture of 
any contributions made for the benefit of an employee, Member, or 
Congressional employee under subsection (c)(1), or any earnings 
attributable thereto, if such employee, Member, or Congressional 
employee is not separated from Government employment as of date of 
death.
    (5) Notwithstanding any other provision of law, contributions made 
by the Government for the benefit of an employee or Member under 
subsection (c), and all earnings attributable to such contributions, 
shall be forfeited if the annuity of the employee or Member, or that of 
a survivor or beneficiary, is forfeited under subchapter II of chapter 
83.
    (h) No transfers or contributions may be made to the Thrift Savings 
Fund except as provided in this chapter or section 8351 of this title.
    (i)(1) This subsection applies to any employee--
        (A) to whom section 8432b applies; and
        (B) who, during the period of such employee's absence from 
    civilian service (as referred to in section 8432b(b)(2)(B))--
            (i) is eligible to make an election described in subsection 
        (b)(1); or
            (ii) would be so eligible but for having either elected to 
        terminate individual contributions to the Thrift Savings Fund 
        within 2 months before commencing military service or separated 
        in order to perform military service.

    (2) The Executive Director shall prescribe regulations to ensure 
that any employee to whom this subsection applies shall, within a 
reasonable time after being restored or reemployed (in the manner 
described in section 8432b(a)(2)), be afforded the opportunity to make, 
for purposes of this section, any election which would be allowable 
during a period described in subsection (b)(1)(A).
    (j)(1) For the purpose of this subsection--
        (A) the term ``eligible rollover distribution'' has the meaning 
    given such term by section 402(c)(4) of the Internal Revenue Code of 
    1986; and
        (B) the term ``qualified trust'' has the meaning given such term 
    by section 402(c)(8) of the Internal Revenue Code of 1986.

    (2) An employee or Member may contribute to the Thrift Savings Fund 
an eligible rollover that a qualified trust could accept under the 
Internal Revenue Code of 1986. A contribution made under this subsection 
shall be made in the form described in section 401(a)(31) of the 
Internal Revenue Code of 1986. In the case of an eligible rollover 
distribution, the maximum amount transferred to the Thrift Savings Fund 
shall not exceed the amount which would otherwise have been included in 
the employee's or Member's gross income for Federal income tax purposes.
    (3) The Executive Director shall prescribe regulations to carry out 
this subsection.

(Added Pub. L. 99-335, title I, Sec. 101(a), June 6, 1986, 100 Stat. 
541; amended Pub. L. 99-509, title VI, Sec. 6001(a)(1), (2), Oct. 21, 
1986, 100 Stat. 1929, 1930; Pub. L. 100-20, Sec. 1(b), Apr. 7, 1987, 101 
Stat. 265; Pub. L. 100-238, title I, Secs. 114, 115, 121, Jan. 8, 1988, 
101 Stat. 1751, 1752; Pub. L. 103-353, Secs. 4(c), 5(e)(3), Oct. 13, 
1994, 108 Stat. 3172, 3174; Pub. L. 104-93, title III, Sec. 304(a), Jan. 
6, 1996, 109 Stat. 965; Pub. L. 104-186, title II, Sec. 215(16), Aug. 
20, 1996, 110 Stat. 1746; Pub. L. 104-316, title I, Sec. 103(g), Oct. 
19, 1996, 110 Stat. 3829; Pub. L. 106-361, Secs. 1(a), 2(a), (b)(1)-(3), 
Oct. 27, 2000, 114 Stat. 1400, 1401; Pub. L. 106-554, Sec. 1(a)(4) [div. 
B, title I, Sec. 138(a)(1)], Dec. 21, 2000, 114 Stat. 2763, 2763A-233.)

                       References in Text

    Section 301 of the Federal Employees' Retirement System Act of 1986 
[Pub. L. 99-335], referred to in subsec. (b)(3), is set out as a note 
under section 8331 of this title.
    Section 204 of the Federal Employees' Retirement Contribution 
Temporary Adjustment Act of 1983 [Pub. L. 98-168], referred to in 
subsec. (c)(3)(B)(iii), is set out as a note under section 8331 of this 
title.
    The Internal Revenue Code of 1986, referred to in subsecs. (d) and 
(j), is classified generally to Title 26, Internal Revenue Code.


                               Amendments

    2000--Subsec. (a). Pub. L. 106-554 designated existing provisions as 
par. (1), substituted ``the maximum percentage of such employee's or 
Member's basic pay for such pay period allowable under paragraph (2).'' 
for ``10 percent of such individual's basic pay for such period.'', and 
added par. (2).
    Pub. L. 106-361, Sec. 2(b)(1), substituted ``(b)'' for ``(b)(1)'' 
and ``Contributions under this subsection pursuant to such an election 
shall, with respect to each pay period for which such election remains 
in effect, be made in accordance with a program of regular contributions 
provided in regulations prescribed by the Executive Director'' for 
``Contributions made under this subsection during any 6-month period for 
which an election period is provided under subsection (b)(1) shall be 
made each pay period during such 6-month period pursuant to a program of 
regular contributions provided in regulations prescribed by the 
Executive Director''.
    Subsec. (b)(1)(B). Pub. L. 106-361, Sec. 2(b)(2), inserted ``(or any 
election allowable by virtue of paragraph (4))'' after ``subparagraph 
(A)''.
    Subsec. (b)(3). Pub. L. 106-361, Sec. 2(b)(3), substituted ``An'' 
for ``Notwithstanding paragraph (2)(A), an''.
    Subsec. (b)(4). Pub. L. 106-361, Sec. 2(a), amended par. (4) 
generally. Prior to amendment, par. (4) read as follows:
    ``(A) Notwithstanding paragraph (2)(A), an employee or Member who is 
an employee or Member on January 1, 1987, and continues as an employee 
or Member without a break in service through April 1, 1987, may make the 
first election for the purpose of subsection (a) during the election 
period prescribed for such purpose by the Executive Director. The 
Executive Director shall prescribe an election period for such purpose 
which shall commence on April 1, 1987. An election by such an employee 
or Member during that election period shall be effective on the first 
day of the employee's or Member's first pay period which begins after 
the date on which the employee or Member makes that election.
    ``(B) Notwithstanding subsection (a), the maximum amount that an 
employee or Member may contribute during any pay period which begins on 
or after April 1, 1987, and before October 1, 1987, pursuant to an 
election made during the election period provided under subparagraph (A) 
is the amount equal to 15 percent of such individual's basic pay for 
such pay period.''
    Subsec. (j). Pub. L. 106-361, Sec. 1(a), added subsec. (j).
    1996--Subsec. (e). Pub. L. 104-186 substituted ``Chief 
Administrative Officer of the House of Representatives, the Chief 
Administrative Officer may pay from the applicable accounts'' for 
``Clerk of the House of Representatives, the Clerk may pay from the 
contingent fund''.
    Subsec. (f). Pub. L. 104-316 substituted ``Secretary of the 
Treasury'' for ``Comptroller General of the United States''.
    Subsec. (g)(5). Pub. L. 104-93 added par. (5).
    1994--Subsec. (d). Pub. L. 103-353, Sec. 5(e)(3), substituted 
``Internal Revenue Code of 1986'' for ``Internal Revenue Code of 1954''.
    Subsec. (i). Pub. L. 103-353, Sec. 4(c), added subsec. (i).
    1988--Subsec. (c)(1)(A). Pub. L. 100-238, Sec. 121(a), substituted 
``At the time prescribed by the Executive Director, but no later than 12 
days after the end of'' for ``At the end of'' and ``within such time as 
the Executive Director may prescribe with respect to succeeding pay 
periods (but no later than 12 days after the end of each such pay 
period)'' for ``at the end of each succeeding pay period''.
    Subsec. (c)(2)(A). Pub. L. 100-238, Sec. 121(b), substituted 
``within such time as the Executive Director may prescribe, but no later 
than 12 days after the end of each such pay period'' for ``at the end of 
such pay period''.
    Subsec. (d). Pub. L. 100-238, Sec. 114, inserted at end ``However, 
no contribution made under subsection (c)(3) shall be subject to, or 
taken into account, for purposes of the preceding sentence.''
    Subsec. (g)(1). Pub. L. 100-238, Sec. 115(1), substituted ``Except 
as otherwise provided in this subsection'' for ``Except as provided in 
paragraphs (2) and (3)''.
    Subsec. (g)(4). Pub. L. 100-238, Sec. 115(2), added par. (4).
    1987--Subsec. (b)(4)(A). Pub. L. 100-20 substituted 
``Notwithstanding paragraph (2)(A), an employee or Member who is an 
employee or Member on January 1, 1987, and continues as an employee or 
Member without a break in service through April 1, 1987, may make the 
first election for the purpose of subsection (a) during the election 
period prescribed for such purpose by the Executive Director'' for 
``Notwithstanding paragraph (2)(A), an employee or Member who is an 
employee or Member on January 1, 1987, continues as an employee or 
Member without a break in service through April 1, 1987, and has 
creditable service described in section 8411(b)(2) of this title may 
make the first election for the purpose of subsection (a) during the 
election period prescribed for such purpose by the Executive Director''.
    1986--Subsec. (b)(4). Pub. L. 99-509, Sec. 6001(a)(1), designated 
existing provisions as subpar. (A), inserted ``continues as an employee 
or Member without a break in service through April 1, 1987,'' 
substituted ``April 1, 1987'' for ``January 1, 1987'', substituted ``the 
date on which the employee or Member makes that election'' for ``the 
last day of that election period'', and added subpar. (B).
    Subsec. (c)(1). Pub. L. 99-509, Sec. 6001(a)(2)(A), designated 
existing provisions as subpar. (A) and added subpars. (B) and (C).
    Subsec. (c)(2)(C). Pub. L. 99-509, Sec. 6001(a)(2)(B), added subpar. 
(C).


                    Effective Date of 2000 Amendment

    Pub. L. 106-361, Sec. 1(b), Oct. 27, 2000, 114 Stat. 1400, provided 
that: ``The amendment made by this section [amending this section] shall 
take effect at the earliest practicable date after September 30, 2000, 
as determined by the Executive Director in regulations.''
    Pub. L. 106-361, Sec. 2(c)(1), Oct. 27, 2000, 114 Stat. 1401, 
provided that: ``The amendments made by this section [amending this 
section and sections 8439, 8440a, and 8440d of this title] shall take 
effect at the earliest practicable date after September 30, 2000, as 
determined by the Executive Director in regulations.''


                    Effective Date of 1996 Amendment

    Section 304(b) of Pub. L. 104-93 provided that: ``The amendment made 
by subsection (a) [amending this section] shall apply to offenses upon 
which the requisite annuity forfeitures are based occurring on or after 
the date of the enactment of this Act [Jan. 6, 1996].''


                    Effective Date of 1994 Amendment

    Amendment by section 4(c) of Pub. L. 103-353 effective Oct. 13, 
1994, and applicable to any employee whose release from military 
service, discharge from hospitalization, or other similar event making 
the individual eligible to seek restoration or reemployment under 
chapter 43 of Title 38, Veterans' Benefits, occurs on or after Aug. 2, 
1990, with special rules for applying amendment to employees restored or 
reemployed before effective date, see section 4(e), (f) of Pub. L. 103-
353, set out as an Effective Date note under section 8432b of this 
title.
    Amendment by section 5(e)(3) of Pub. L. 103-353 effective with 
respect to reemployments initiated on or after the first day after the 
60-day period beginning Oct. 13, 1994, with transition rules, see 
section 8 of Pub. L. 103-353, set out as an Effective Date note under 
section 4301 of Title 38.


                    Effective Date of 1986 Amendment

    Section 6001(f) of Pub. L. 99-509 provided that: ``This section 
[amending this section and section 8472 of this title, enacting 
provisions set out as notes under this section, and amending provisions 
set out as a note under section 8351 of this title], other than 
subsection (d) [set out below], and the amendments made by this section 
shall take effect on January 1, 1987.''


                               Regulations

    Section 6001(d) of Pub. L. 99-509 provided that: ``The Executive 
Director of the Federal Retirement Thrift Investment Board may prescribe 
regulations to carry out subsections (a), (b), and (c) [amending this 
section, enacting provisions set out as notes under this section, and 
amending provisions set out as a note under section 8351 of this title] 
and the amendments made by subsections (a) and (b).''


                           Savings Provisions

    Pub. L. 106-361, Sec. 2(c)(2), Oct. 27, 2000, 114 Stat. 1401, 
provided that: ``Notwithstanding any other provision of this section 
[amending this section and sections 8439, 8440a, and 8440d of this title 
and enacting provisions set out as a note under this section], until the 
amendments made by this section take effect [see Effective Date of 2000 
Amendment note above], title 5, United States Code, shall be applied as 
if this section had not been enacted.''


Eligibility of Certain Individuals To Participate in Thrift Savings Plan

    Section 125 of Pub. L. 100-238 provided that:
    ``(a) Definitions.--For purposes of this section--
        ``(1) the term `Executive Director' means the Executive Director 
    under section 8474 of title 5, United States Code; and
        ``(2) the term `Thrift Savings Plan' refers to the program under 
    subchapter III of chapter 84 of title 5, United States Code.
    ``(b) Regulations.--
        ``(1) In general.--The Executive Director shall prescribe 
    regulations relating to participation in the Thrift Savings Plan by 
    an individual described in subsection (c).
        ``(2) Specific matters to be included.--Under the regulations--
            ``(A) in computing a percentage of basic pay to determine an 
        amount to be contributed to the Thrift Savings Fund, the rate of 
        basic pay to be used shall be the same as that used in computing 
        any amount which the individual involved is otherwise required, 
        as a condition for participating in the Civil Service Retirement 
        System or the Federal Employees' Retirement System (as the case 
        may be), to contribute to the Civil Service Retirement and 
        Disability Fund; and
            ``(B) an employing authority which would not otherwise make 
        contributions to the Thrift Savings Fund shall be allowed, with 
        respect to any individual under subsection (c) who is serving 
        under such authority, and at the sole discretion of such 
        authority, to make any contributions on behalf of such 
        individual which would be permitted or required under the 
        provisions of section 8432(c) of title 5, United States Code, if 
        such authority were the individual's employing agency under such 
        provisions.
    ``(c) Applicability.--This section applies with respect to--
        ``(1) any individual participating in the Civil Service 
    Retirement System or the Federal Employees' Retirement System as--
            ``(A) an individual who has entered on approved leave 
        without pay to serve as a full-time officer or employee of an 
        organization composed primarily of employees (as defined by 
        section 8331(1) or 8401(11) of title 5, United States Code);
            ``(B) an individual assigned from a Federal agency to a 
        State or local government under subchapter VI of chapter 33 of 
        title 5, United States Code; or
            ``(C) an individual appointed or otherwise assigned to one 
        of the cooperative extension services, as defined by section 
        1404(5) of the National Agricultural Research, Extension, and 
        Teaching Policy Act of 1977 (7 U.S.C. 3103(5)); and
        ``(2) any individual who is participating in the Civil Service 
    Retirement System as a result of a provision of law described in 
    section 8347(o).
    ``(d) Effective Date.--
        ``(1) In general.--Except as provided in paragraph (2), the 
    regulations prescribed under this section shall become effective in 
    accordance with the provisions of such regulations.
        ``(2) Exception.--The regulations prescribed under this section 
    shall, with respect to individuals under subsection (c)(1)(C), be 
    effective as of January 1, 1987.''


                  Contributions to Thrift Savings Fund

    Section 6001(a)(3) of Pub. L. 99-509 directed that contributions 
made to Thrift Savings Fund under 5 U.S.C. 8432(c)(1)(B), (C) and (3) be 
made as soon as practicable during the 15-day period which began on Apr. 
1, 1987.


Inapplicability of Limitation on Number of Elections Within a Six-Month 
                                 Period

    Section 6001(c) of Pub. L. 99-509 provided that the requirement that 
contributions be made for a 6-month period after an election, as 
provided in 5 U.S.C. 8432(a), did not apply to contributions made 
pursuant to an election made during the period provided in 5 U.S.C. 
8432(b)(4) or 206(b) of the Federal Employees' Retirement System Act of 
1986; that the first election period prescribed under 5 U.S.C. 
8432(b)(1) commence on July 1, 1987; and that each employee or Member 
who made such an election could make an election under 5 U.S.C. 
8432(b)(1) during the election period that began on July 1, 1987.


          Plan for Delayed Contributions to Thrift Savings Fund

    Section 312 of Pub. L. 99-335 directed Executive Director of Federal 
Retirement Thrift Investment Board to transmit to Congress, not later 
than Jan. 1, 1988, a plan to afford Federal employees and Members of 
Congress who make less than maximum amount of authorized contributions 
to Thrift Savings Fund in any period an opportunity to contribute to 
such Fund, in a later period, the excess of such amount over the amount 
contributed during such period, with plan to include such 
recommendations for legislation as Executive Director considered 
appropriate.

                  Section Referred to in Other Sections

    This section is referred to in sections 8351, 8401, 8432a, 8432b, 
8432c, 8433, 8437, 8439, 8440a, 8440b, 8440c, 8440d, 8440e, 8479 of this 
title; title 2 section 162b; title 10 section 942; title 37 section 211; 
title 40 section 214d; title 42 section 2297h-8.
