Retirees and survivors of deceased employees who received a Government contribution to their TSP account after being corrected to FERS and who later elect CSRS Offset under the FERCCA are allowed to keep the Government contributions, and earnings on the Government contributions in the TSP account. Instead of adjusting the TSP account, the FERCCA requires that the CSRS-Offset annuity be reduced actuarially.
authority: Title II, Pub. L. 106-265, 114 Stat. 770
source: 66 FR 15609, Mar. 19, 2001, unless otherwise noted.
cite as: 5 CFR 839.1118