Source: https://www.chanrobles.com/usa/uslaws/cfr/title05/5-3.0.4.5.15.php
Timestamp: 2020-07-04 06:21:14
Document Index: 324987736

Matched Legal Cases: ['ART 1645', 'ART 1645', 'ART 1645', '§ 1645', '§ 1645', '§ 1645', '§ 1645', '§ 1645', '§ 1645', '§1645', '§1645', '§1645', '§1645']

5 C.F.R. PART 1645—CALCULATION OF SHARE PRICES
United States> Code of Federal Regulations> Title 5 - Administrative Personnel> CHAPTER VI--FEDERAL RETIREMENT THRIFT INVESTMENT BOARD> PART 1645--CALCULATION OF SHARE PRICES > PART 1645—CALCULATION OF SHARE PRICES
§ 1645.1 Definitions.
§ 1645.2 Posting of transactions.
§ 1645.3 Calculation of total net earnings for each TSP Fund.
§ 1645.4 Administrative expenses attributable to each TSP Fund.
§ 1645.5 Calculation of share prices.
§ 1645.6 Basis for calculation of share prices.
Source: 68 FR 35502, June 13, 2003, unless otherwise noted.
Accrued means that income is accounted for when earned and expenses are accounted for when incurred.
Administrative expenses means expenses described in 5 U.S.C. 8437(c)(3).
Basis means the number of shares of an investment fund upon which the calculation of a share price is based.
Business day means any calendar day for which share prices are calculated.
Forfeitures means amounts forfeited to the TSP pursuant to 5 U.S.C. 8432(g)(2) and other non-statutory forfeited amounts, net of restored forfeited amounts.
[70 FR 32214, June 1, 2005]
(2) Minus the accrued administrative expenses of the fund, determined in accordance with §1645.4.
(c) The net earnings for each TSP fund determined in accordance with paragraph (b) of this section will be added to the residual net earnings for that fund from the previous business day, as described in §1645.5(b), to produce the total net earnings. The total net earnings will be used to calculate the share price for that business day.
(a) Calculation of share price. The share price for each TSP Fund for each business day will apply to all sources of contributions for that fund. The total net earnings (as computed under §1645.3) for each fund will be divided by the total fund basis (as computed under §1645.6) for that fund. The resulting number, computed to ten decimal places, represents the incremental change in the value of that fund from the last business day to the current business day. The share price for that fund for the current business day is the sum of the incremental change in the share price for the current business day plus the share price for the prior business day, truncated to two decimal places.
[70 FR 32215, June 1, 2005]