5 U.S.C. § 8471 — Definitions
submitted 40 years ago by Pub. L. 99-335 to r/title-5-GOVERNMENT-ORGANIZATION-AND-EMPLOYEES · 113 words · no verdicts yet
This section defines five terms used in the Thrift Savings Plan law. A "beneficiary" is someone other than the account holder who is entitled to Fund money. "Participant," "Council," "person," and "Thrift Savings Fund" are also defined, mostly by pointing to who created each one.
For the purposes of this subchapter—
the term “beneficiary” means an individual (other than a participant) entitled to payment from the Thrift Savings Fund* under subchapter III of this chapter;
the term “Council” means the Employee* Thrift Advisory Council established under section 8473 of this title;
the term “participant” means an individual for whom an account* has been established under section 8439 of this title;
the term “person” means an individual, partnership, joint venture, corporation, mutual company, joint-stock company, trust, estate, unincorporated organization, association, or labor organization; and
the term “Thrift Savings Fund” means the Thrift Savings Fund established under section 8437 of this title.
Source credit: (Added Pub. L. 99–335, title I, § 101(a), June 6, 1986, 100 Stat. 577.)
- 1986Enacted · Pub. L. 99-335 · 100 Stat. 577
A history note hasn’t been published yet. The record shows enactment by Pub. L. 99-335 on 1986-06-06.
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