- account
means an account established and maintained under section 8439(a) of this title;
- adequate consideration
means—
- affected individual
means an individual covered under this chapter who—
- annuitant
means a former employee or Member who, on the basis of that individual’s service, meets all requirements for title to an annuity under subchapter II or V of this chapter and files claim therefor;
- applicable percentage
means—
- average pay
means the largest annual rate resulting from averaging an employee’s or Member’s rates of basic pay in effect over any 3 consecutive years of service or, in the case of an annuity under this chapter based on service of less than 3 years, over the total service, with each rate weighted by the period it was in effect;
- basic pay
has the meaning given such term by section 8331(3);
- beneficiary
means an individual (other than a participant) entitled to payment from the Thrift Savings Fund under subchapter III of this chapter;
- benefit computation year
has the meaning provided in section 215(b)(2)(B)(i) of the Social Security Act;
- Board
means the Federal Retirement Thrift Investment Board established by section 8472(a) of this title;
- child
has the meaning given such term by section 8441.
- Common Stock Index Investment Fund
means the Common Stock Index Investment Fund established under subsection (b)(1)(C);
- composite retirement annuity
means the annuity computed when a phased retiree attains full retirement status;
- controller
has the meaning given to it under section 8401(35)(A).
- Council
means the Employee Thrift Advisory Council established under section 8473 of this title;
- court
means any court of any State, the District of Columbia, the Commonwealth of Puerto Rico, Guam, the Northern Mariana Islands, or the Virgin Islands, and any Indian court;
- covered person
means any person who—
- covered position
means a position as a law enforcement officer, customs and border protection officer, firefighter, air traffic controller, nuclear materials courier, member of the Capitol Police, or member of the Supreme Court Police.
- customs and border protection officer
means an employee in the Department of Homeland Security (A) who holds a position within the GS–1895 job series (determined applying the criteria in effect as of September 1, 2007) or any successor position, and (B) whose duties include activities relating to the arrival and departure of persons, conveyances, and merchandise at ports of entry, including any such employee who is transferred directly to a supervisory or administrative position in the Department of Homeland Security after performing such duties (as described in subparagraph (B)) in 1 or more positions (as described in subparagraph (A)) for at least 3 years;
- debt issuance suspension period
means any period for which the Secretary of the Treasury determines for purposes of this subsection that the issuance of obligations of the United States may not be made without exceeding the public debt limit.
- Director
means the Director of the Office of Personnel Management;
- dynamic assumptions
means economic assumptions that are used in determining actuarial costs and liabilities of a retirement system and in anticipating the effects of long-term future—
- eligible individual
means any individual who, after any regulations under subparagraph (A) first take effect, is appointed, transferred, or reappointed to a position in which that individual becomes eligible to contribute to the Thrift Savings Fund.
- eligible rollover distribution
has the meaning given such term by section 402(c)(4) of the Internal Revenue Code of 1986;
- employee
means— whose civilian service after December 31, 1983, is employment for the purposes of title II of the Social Security Act and chapter 21 of the Internal Revenue Code of 1986, except that such term does not include—
- equity capital
means common and preferred stock, surplus, undivided profits, contingency reserves, and other capital reserves;
- Executive Director
means the Executive Director appointed under section 8474(a);
- fiduciary
means—
- firefighter
means—
- Fixed Income Investment Fund
means the Fixed Income Investment Fund established under subsection (b)(1)(B);
- former spouse
means a former spouse of an individual—
- full retirement status
means that a phased retiree has ceased employment and is entitled, upon application, to a composite retirement annuity;
- full TSP member
means a member described in subsection (e)(1);
- Fund
means the Civil Service Retirement and Disability Fund under section 8348;
- further revised annuity employee
means any individual who—
- Government
means the Federal Government, Gallaudet College, and, in the case of an employee described in paragraph (11)(C), a nonappropriated fund instrumentality of the Department of Defense or the Coast Guard described in section 2105(c);
- Government physician
has the meaning given such term under section 5948;
- Government Securities Investment Fund
means the Government Securities Investment Fund established under subsection (b)(1)(A);
- head of an agency
means—
- Indian court
has the meaning given such term by section 8331(24);
- International Stock Index Investment Fund
means the International Stock Index Investment Fund established under subsection (b)(1)(E);
- judgment rendered for physically, sexually, or emotionally abusing a child
means any legal claim perfected through a final enforceable judgment, which claim is based in whole or in part upon the physical, sexual, or emotional abuse of a child, whether or not that abuse is accompanied by other actionable wrongdoing, such as sexual exploitation or gross negligence;
- law enforcement officer
means—
- limited time appointee
means an annuitant appointed under a temporary appointment limited to 1 year or less.
- lump-sum credit
means the unrefunded amount consisting of— but does not include interest—
- major organizational adjustment
means any of the following:
- Member
has the same meaning as provided in section 2106, except that such term does not include an individual who irrevocably elects, by written notice to the official by whom such individual is paid, not to participate in the Federal Employees’ Retirement System, and who (in the case of an individual who is a Member of the House of Representatives, including a Delegate or Resident Commissioner to the Congress) serves as a Member prior to the date of the enactment of the Legislative Branch Appropriations Act, 2004;
- military service
means honorable active service— and includes service as a cadet at the United States Military Academy, the United States Air Force Academy, or the United States Coast Guard Academy, or as a midshipman at the United States Naval Academy, but does not include service in the National Guard except when ordered to active duty in the service of the United States or full-time National Guard duty (as such term is defined in section 101(d) of title 10) if such service interrupts creditable civilian service under this subchapter and is followed by reemployment in accordance with chapter 43 of title 38 that occurs on or after August 1, 1990;
- military technician (dual status)
means an employee described in section 10216 of title 10;
- net earnings
means the excess of earnings over losses;
- net losses
means the excess of losses over earnings;
- net worth
means capital, paid-in and contributed surplus, unassigned surplus, contingency reserves, group contingency reserves, and special reserves;
- nonforfeitable account balance
means any amounts in an account, established and maintained under subchapter III, which are nonforfeitable (as determined under section 8432(g));
- normal-cost percentage
means the entry-age normal cost of the provisions of the System which relate to the Fund, computed by the Office in accordance with generally accepted actuarial practice and standards (using dynamic assumptions) and expressed as a level percentage of aggregate basic pay;
- Nuclear materials courier
has the meaning given that term in section 8331(27);
- Office
means the Office of Personnel Management;
- participant
means an individual for whom an account has been established under section 8439 of this title;
- party in interest
includes—
- person
means an individual, partnership, joint venture, corporation, mutual company, joint-stock company, trust, estate, unincorporated organization, association, or labor organization;
- phased employment
means the less-than-full-time employment of a phased retiree;
- phased retiree
means a retirement-eligible employee who—
- phased retirement annuity
means the annuity payable under this section before full retirement;
- phased retirement percentage
means the percentage which, when added to the working percentage for a phased retiree, produces a sum of 100 percent;
- phased retirement period
means the period beginning on the date on which an individual becomes entitled to receive a phased retirement annuity and ending on the date on which the individual dies or separates from phased employment;
- phased retirement status
means that a phased retiree is concurrently employed in phased employment and eligible to receive a phased retirement annuity;
- physicians comparability allowance
refers to an amount described in section 8331(3)(H).
- plan
means an employee benefit plan, as defined in section 3(3) of the Employee Retirement Income Security Act of 1974 (29 U.S.C. 1002(3));
- price index
has the same meaning as provided in section 8331(15);
- public debt limit
means the limitation imposed by section 3101(b) of title 31;
- qualified professional asset manager
means—
- qualified Roth contribution program
means a program described in paragraph (1) of section 402A(b) of the Internal Revenue Code of 1986 which meets the requirements of paragraph (2) of such section;
- qualified trust
has the meaning given such term by section 402(c)(8) of the Internal Revenue Code of 1986.
- representative payee
means a person (including an organization) designated under section 8466(c)(1) to receive payments on behalf of a minor or an individual mentally incompetent or under other legal disability.
- revised annuity employee
means any individual who—
- Secretary concerned
has the meaning given the term in section 101 of title 37.
- service
means service which is creditable under section 8411;
- Small Capitalization Stock Index Investment Fund
means the Small Capitalization Stock Index Investment Fund established under subsection (b)(1)(D).
- State
means a State, the District of Columbia, or any territory or possession of the United States;
- supplemental liability
means the estimated excess of—
- survivor
means an individual entitled to an annuity under subchapter IV of this chapter;
- System
means the Federal Employees’ Retirement System described in section 8402(a);
- Thrift Savings Fund
means the Thrift Savings Fund established under section 8437 of this title.
- widow
means the surviving wife of an employee, Member, or annuitant, or of a former employee or Member, who—
- widower
means the surviving husband of an employee, Member, or annuitant, or of a former employee or Member, who—
- working percentage
means the percentage of full-time employment equal to the quotient obtained by dividing—