Page:United States Statutes at Large Volume 110 Part 4.djvu/537

 PUBLIC LAW 104-208—SEPT. 30, 1996 110 STAT. 3009 -374 Investment Fund or the Fixed Income Investment Fund described in paragraphs (1) and (3)," and inserting in lieu thereof "Each employee, Member, former employee, or former Member who elects to invest in the Common Stock Index Investment Fund, the Fixed Income Investment Fund, the International Stock Index Investment Fund, or the Small Capitalization Stock Index Investment Fund, defined in paragraphs (1), (3), (5), and (10),". SEC. 104. EFFECTIVE DATE 5 USC 8438 note. This title shall take effect on the date of enactment of this Act, and the Funds established under this title shall be offered for investment at the earliest practicable election period (described in section 8432(b) of title 5, United States Code) as determined by the Executive Director in regulations. TITLE II—THRIFT SAVINGS ACCOUNTS LIQUIDITY Thrift Savings Plan Act of 1996. SEC. 201. SHORT TITLE 5 USC 8401 note. This title may be cited as the 'Thrift Savings Plan Act of 1996". SEC. 202. NOTICE TO SPOUSES FOR IN-SERVICE WITHDRAWALS; DE MINIMUS ACCOUNTS; CIVIL SERVICE RETIREMENT SYSTEM PARTICI- PANTS Section 8351(b) of title 5, United States Code, is amended— (1) in paragraph (5)— (A) in subparagraph (B)— (i) by striking out "An election, change of election, or modification (relating to the commencement date of a deferred annuity)" and inserting in lieu thereof "An election or change of election"; (ii) by inserting "or withdrawal" after "and a loan"; (iii) by inserting "and (h)" after "8433(g)"; (iv) by striking out "the election, change of election, or modification" and inserting in lieu thereof "the election or change of election"; and (v) by inserting "or withdrawal" after "for such loan"; and (B) in subparagraph (D)— (i) by inserting "or withdrawals" after "of loans"; and (ii) by inserting "or (h)" after "8433(g)"; and (2) in paragraph (6)— (A) by striking out "$3,500 or less" and inserting in lieu thereof "less than an amount that the Executive Director prescribes by regulation"; and (B) by striking out "unless the employee or Member elects, at such time and otherwise in such manner as the Executive Director prescribes, one of the options available under subsection (b)". SEC. 203. IN-SERVICE WITHDRAWALS; WITHDRAWAL ELECTIONS, FED- ERAL EMPLOYEES RETIREMENT SYSTEM PARTICIPANTS (a) IN GENERAL.—Section 8433 of title 5, United States Code, is amended— (1) by striking out subsections (b) and (c) and inserting in lieu thereof the following:

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