Source: https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title5-section8433&num=0&edition=prelim
Timestamp: 2019-10-15 06:24:20
Document Index: 561032525

Matched Legal Cases: ['§ 8433', '§101', '§132', '§5', '§4437', '§9', '§4', '§101', '§659', '§203', '§661', '§3', '§109', '§2', '§2', '§2', '§2', '§101', '§659', '§203', '§101', '§659', '§203', '§9', '§5', '§6', '§5', '§2', '§6', '§101', '§659', '§203']

[USC02] 5 USC 8433: Benefits and election of benefits
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5 USC 8433: Benefits and election of benefits Text contains those laws in effect on October 14, 2019
(b) Subject to section 8435 of this title, any employee or Member who separates from Government employment is entitled and may elect to withdraw from the Thrift Savings Fund the balance of the employee's or Member's account as-
(2) Unless otherwise elected under this section, and subject to paragraph (1), benefits under this subchapter shall be paid as an annuity commencing for an employee, Member, former employee, or former Member on April 1 of the year following the latest of the year in which-
(h)(1) An employee or Member may apply, before separation, to the Board for permission to withdraw an amount from the employee's or Member's account based upon-
(Added Pub. L. 99–335, title I, §101(a), June 6, 1986, 100 Stat. 544 ; amended Pub. L. 100–238, title I, §132, Jan. 8, 1988, 101 Stat. 1760 ; Pub. L. 101–335, §§5(a), 6(a)(2), July 17, 1990, 104 Stat. 321 , 322; Pub. L. 102–484, div. D, title XLIV, §4437(a), Oct. 23, 1992, 106 Stat. 2724 ; Pub. L. 103–226, §9(b), (i)(3)–(7), Mar. 30, 1994, 108 Stat. 119 , 121, 122; Pub. L. 103–353, §§4(b), 5(e)(4), Oct. 13, 1994, 108 Stat. 3172 , 3174; Pub. L. 104–208, div. A, title I, §101(f) [title VI, §659 [title II, §203(a)]], Sept. 30, 1996, 110 Stat. 3009–314 , 3009-372, 3009-374; Pub. L. 106–65, div. A, title VI, §661(a)(4), Oct. 5, 1999, 113 Stat. 672 ; Pub. L. 108–469, §3(1), Dec. 21, 2004, 118 Stat. 3893 ; Pub. L. 111–31, div. B, title I, §109, June 22, 2009, 123 Stat. 1856 ; Pub. L. 115–84, §2(a)–(d), Nov. 17, 2017, 131 Stat. 1272 , 1273.)
Pub. L. 115–84, §2(a)–(d), (g), Nov. 17, 2017, 131 Stat. 1272 , 1273, made a number of amendments to this section, effective on the date on which the regulations prescribed under section 2(f) of Pub. L. 115–84 (set out as a Regulations note below) take effect. After such effective date, subsections (c), (d), (f), and (h) of this section will read as follows:
2017-Subsec. (c)(1). Pub. L. 115–84, §2(a)(1), substituted "may make one or more withdrawals" for "and who has not made a withdrawal under subsection (h)(1)(A) may make one withdrawal" and "in the same manner as a single payment is made" for "as a single payment".
Subsec. (f). Pub. L. 115–84, §2(c), struck out par. (1) designation before "Notwithstanding", substituted "this subsection" for "this paragraph", and struck out par. (2) which read as follows: "Unless otherwise elected under this section, and subject to paragraph (1), benefits under this subchapter shall be paid as an annuity commencing for an employee, Member, former employee, or former Member on April 1 of the year following the latest of the year in which-
2009-Subsec. (e). Pub. L. 111–31 designated existing provisions as par. (1) and added pars. (2) and (3).
2004-Subsec. (d)(1). Pub. L. 108–469 substituted "paragraph (2)" for "paragraph (3)".
1999-Subsecs. (g)(1), (h)(3). Pub. L. 106–65 struck out "under section 8432(a) of this title" after "by the employee or Member".
1996-Subsec. (b). Pub. L. 104–208, §101(f) [title VI, §659 [title II, §203(a)(1)]], added subsec. (b) and struck out former subsec. (b) which read as follows: "Subject to section 8435 of this title, any employee or Member who separates from Government employment is entitled and may elect-
Subsec. (g)(2) to (5). Pub. L. 104–208, §101(f) [title VI, §659 [title II, §203(a)(5)(B)]], redesignated pars. (3) to (5) as (2) to (4), respectively, and struck out former par. (2) which read as follows: "An application under this subsection may be approved only for-
1994-Subsec. (b). Pub. L. 103–226, §9(b)(1), amended introductory provisions generally, substituting "Subject to section 8435 of this title, any employee or Member who separates from Government employment is entitled and may elect-" for "Subject to section 8435 of this title, any employee or Member who separates from Government employment entitled to an immediate annuity under subchapter II of this chapter, any employee or Member who separates from Government employment entitled to benefits under subchapter I of chapter 81 of this title, any employee who separates from Government employment pursuant to regulations under section 3502(a) of this title or procedures under section 3595(a) of this title in a reduction in force, and any employee or Member who is entitled to receive disability benefits under subchapter V of this chapter is entitled and may elect-".
1992-Subsec. (b). Pub. L. 102–484 inserted "any employee who separates from Government employment pursuant to regulations under section 3502(a) of this title or procedures under section 3595(a) of this title in a reduction in force," after "chapter 81 of this title,".
1990-Subsec. (f)(3)(A). Pub. L. 101–335, §5(a)(1), substituted "an annuity contract is purchased to provide for the annuity elected by the former employee or Member" for "an annuity elected by the former employee or Member commences".
Subsec. (h). Pub. L. 101–335, §6(a)(2), amended subsec. (h) generally. Prior to amendment, subsec. (h) read as follows: "Unless otherwise elected under this section, benefits under this subchapter shall be paid as an annuity commencing for an employee, Member, former employee, or former Member on February 1 of the year following the latest of the year in which-
1988-Subsec. (i)(3). Pub. L. 100–238 amended par. (3) generally. Prior to amendment, par. (3) read as follows: "Loans under this subsection shall be subject to such conditions as the Board may prescribe consistent with section 408(b)(1) of the Employee Retirement Income Security Act of 1974 (29 U.S.C. 1108(b)(1)). The conditions shall be included in regulations issued by the Executive Director."
Pub. L. 101–335, §5(d), July 17, 1990, 104 Stat. 322 , provided that: "The amendments made by this section [amending this section and sections 8434, and 8435 of this title] shall be effective as of April 1, 1987."
Pub. L. 115–84, §2(f), Nov. 17, 2017, 131 Stat. 1273 , provided that: "As soon as is practicable, as determined by the Executive Director of the Federal Retirement Thrift Investment Board, but not later than 2 years after the date of enactment of this Act [Nov. 17, 2017], the Executive Director shall prescribe such regulations as are necessary to carry out the amendments made by this section [amending this section and section 8432b of this title]."
Pub. L. 101–335, §6(b)(4), July 17, 1990, 104 Stat. 324 , provided that: "The Executive Director (as appointed under section 8474(a) of title 5, United States Code) shall prescribe regulations under which the purposes of the amendments made by this section [amending this section and sections 8351, 8401, 8435, 8440a, and 8440b of this title] shall be carried out with respect to any individuals participating in the Thrift Savings Plan who would not otherwise be affected by this section."
Pub. L. 104–208, div. A, title I, §101(f) [title VI, §659 [title II, §203(b)]], Sept. 30, 1996, 110 Stat. 3009–314 , 3009-376, provided that: "Any election made under section 8433(b)(2) of title 5, United States Code (as in effect before the effective date of this title [Sept. 30, 1996]), with respect to an annuity which has not commenced before the implementation date of this title as provided by regulation by the Executive Director in accordance with section 207 of this title [5 U.S.C. 5545a note], shall be invalid."