5 C.F.R. § 1653.35

Current through October 31, 2024

Section 1653.35 - Calculating entitlement

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.

5 C.F.R. §1653.35

79 FR 53604 , Sept. 10, 2014, as amended at 80 FR 52606 , Sept. 1, 2015