Current through October 31, 2024
Section 2584.8477(e)-3 - Procedures for allocation(a) Any allocation made by the Board must-(1) Be authorized by the concurring vote of a majority of the total membership of the Board;(2) Be made in writing, signed by the Chairman of the Board and acknowledged in writing by the receiving Board member or members;(3) Set forth the duties and responsibilities allocated, either in the body of the document or by reference to another document existing at the time of the allocation; and(4) Be communicated in an appropriate written form to the Executive Director, the participants and the beneficiaries of the Thrift Savings Fund.(b) Any allocation made by the Executive Director must- (1) Be made in writing, signed by the Executive Director and acknowledged in writing by the receiving fiduciary;(2) Set forth the duties and responsibilities allocated, either in the body of the document or by reference to another document existing at the time of the allocation; and(3) Be communicated in an appropriate written form to the participants and beneficiaries of the Thrift Savings Fund. 29 C.F.R. § 2584.8477(e)-3