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- Title 37. Pay and Allowances of the Uniformed Services
- Chapter 3. Basic Pay
37 U.S.C. § 211 Participation In Thrift Savings Plan
Library | United States Statutes |
Edition | 2023 |
Currency | Current through P.L. 118-34 (published on www.congress.gov on 12/26/2023), except for [P. L. 118-31] |
Year | 2023 |
Citation | 37 U.S.C. § 211 |
(a) DEFINITION.-In this section, the term "member" means-
(1) a member of the uniformed services serving on active duty; and
(2) a member of the Ready Reserve in any pay status.
(b) AUTHORITY.-Any member may participate in the Thrift Savings Plan in accordance with section 8440e of title 5.
(c) RULE OF CONSTRUCTION REGARDING SEPARATION.-For purposes of subchapters III and VII of chapter 84 of title 5, each of the following actions shall, in the case of a member participating in the Thrift Savings Plan in accordance with section 8440e of such title, be considered a separation from Government employment:
(1) Release of the member from active duty, not followed, before the end of the 31-day period beginning on the day following the effective date of the release, by-
(A) a resumption of active duty; or
(B) an appointment to a position covered by chapter 83 or 84 of title 5 or an equivalent retirement system, as identified by the Executive Director (appointed by the Federal Retirement Thrift Investment Board) in regulations.
(2) Transfer of the member to inactive status, or to a retired list pursuant to any provision of title 10.
(d) REPAYMENT OF AMOUNTS BORROWED FROM MEMBER ACCOUNT.-If a loan is issued to a member under section 8433(g) of title 5 from funds in the member's account in the Thrift Savings Plan, repayment of the loan may be required on the same semi-monthly basis as authorized for contributions to the Thrift Savings Fund on behalf of the member under section 1014(c) of this title.
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