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Current as of January 02, 2025 | Updated by Findlaw Staff
(a) Any allocation made by the Board must—
(1) Be authorized by the concurring vote of a majority of the total membership of the Board;
(2) Be made in writing, signed by the Chairman of the Board and acknowledged in writing by the receiving Board member or members;
(3) Set forth the duties and responsibilities allocated, either in the body of the document or by reference to another document existing at the time of the allocation; and
(4) Be communicated in an appropriate written form to the Executive Director, the participants and the beneficiaries of the Thrift Savings Fund.
(b) Any allocation made by the Executive Director must—
(1) Be made in writing, signed by the Executive Director and acknowledged in writing by the receiving fiduciary;
(2) Set forth the duties and responsibilities allocated, either in the body of the document or by reference to another document existing at the time of the allocation; and
(3) Be communicated in an appropriate written form to the participants and beneficiaries of the Thrift Savings Fund.
Cite this article: FindLaw.com - Code of Federal Regulations Title 29. Labor § 29.2584.8477(e)–3 Procedures for allocation - last updated January 02, 2025 | https://codes.findlaw.com/cfr/title-29-labor/cfr-sect-29-2584-8477-e-3/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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