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Current as of January 02, 2025 | Updated by Findlaw Staff
(a) A participant or beneficiary can appoint an agent to conduct business with the TSP on his or her behalf by using a power of attorney (POA). The agent is called an attorney-in-fact. The TSP must approve a POA before the agent can conduct business with the TSP; however, the TSP will accept a document that was signed by the agent before the TSP approved the POA. The TSP will approve a POA if it meets the following conditions:
(1) The POA must give the agent either general or specific powers, as explained in paragraphs (b) and (c) of this section;
(2) A notary public or other official authorized by law to administer oaths or affirmations must authenticate, attest, acknowledge, or certify the participant's or beneficiary's signature on the POA; and
(3) The POA must be submitted to the TSP recordkeeper for approval.
(b) General power of attorney. A general POA gives an agent unlimited authority to conduct business with the TSP, including the authority to sign any TSP–related document. Additional information regarding general powers of attorney can be accessed at http://www.tsp.gov.
(c) Specific power of attorney. A specific power of attorney gives an agent the authority to conduct specific TSP transactions. A specific POA must expressly describe the authority it grants. Additional information regarding special powers of attorney, as well as a sample form, can be accessed at http://www.tsp.gov.
Cite this article: FindLaw.com - Code of Federal Regulations Title 5. Administrative Personnel § 5.1690.12 Power of attorney - last updated January 02, 2025 | https://codes.findlaw.com/cfr/title-5-administrative-personnel/cfr-sect-5-1690-12/
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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