§ 1653.35 Calculating entitlement.
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Title 5 CFR: Administrative Personnel › Chapter VI: FEDERAL RETIREMENT THRIFT INVESTMENT BOARD › Part 1653: COURT ORDERS AND LEGAL PROCESSES AFFECTING THRIFT SAVINGS PLAN ACCOUNTS › Subpart D: Process for the Enforcement of a Participant's Legal Obligation To Pay a Federal Tax Levy or Criminal Restitution Order › § 1653.35: § 1653.35 Calculating entitlement.
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A tax levy or criminal restitution order can only require the payment of a stated dollar amount from the TSP. The payee's entitlement will be the lesser of:
(a) The dollar amount stated in the tax levy or enforcement letter; or
(b) The vested account balance on the date of disbursement, minus any outstanding loan balance.
[79 FR 53604, Sept. 10, 2014, as amended at 80 FR 52606, Sept. 1, 2015]
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