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5 U.S.C. § 8471Definitions

submitted 40 years ago by Pub. L. 99-335 to r/title-5-GOVERNMENT-ORGANIZATION-AND-EMPLOYEES · 113 words · no verdicts yet

in plain englishAI-generated · not legal advice

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 this subchapter: (1) "beneficiary" means an individual (other than a participant) entitled to be paid from the Thrift Savings Fund under subchapter III of this chapter. (2) "Council" means the Employee Thrift Advisory Council established under section 8473 of this title. (3) "participant" means an individual for whom an account has been established under section 8439 of this title. (4) "person" means an individual, partnership, joint venture, corporation, mutual company, joint-stock company, trust, estate, unincorporated organization, association, or labor organization. (5) "Thrift Savings Fund" means the Thrift Savings Fund established under section 8437 of this title.
the actual law source: uscode.house.gov ↗public domain

For the purposes of this subchapter—

(1)

the term “beneficiary” means an individual (other than a participant) entitled to payment from the Thrift Savings Fund under subchapter III of this chapter;

(2)

the term “Council” means the Employee Thrift Advisory Council established under section 8473 of this title;

(3)

the term “participant” means an individual for whom an account has been established under section 8439 of this title;

(4)

the term “person” means an individual, partnership, joint venture, corporation, mutual company, joint-stock company, trust, estate, unincorporated organization, association, or labor organization; and

(5)

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.)

history & why it existsrecord from the source credit
  • 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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