§ 211. Participation in Thrift Savings Plan

• (a) In this section, the term “member” means—
  • (1) a member of the uniformed services serving on active duty; and
  • (2) a member of the Ready Reserve in any pay status.
• (b) Any member may participate in the Thrift Savings Plan in accordance with section 8440e of title 5 .
• (c) For purposes of subchapters III and VII of chapter 84 of title 5, each of the following actions shall, in the case of a member participating in the Thrift Savings Plan in accordance with section 8440e of such title, be considered a separation from Government employment:
  • (1) Release of the member from active duty, not followed, before the end of the 31-day period beginning on the day following the effective date of the release, by—
    • (A) a resumption of active duty; or
    • (B) an appointment to a position covered by chapter 83 or 84 of title 5 or an equivalent retirement system, as identified by the Executive Director (appointed by the Federal Retirement Thrift Investment Board) in regulations.
  • (2) Transfer of the member to inactive status, or to a retired list pursuant to any provision of title 10.
• (d) If a loan is issued to a member under section 8433(g) of title 5 from funds in the member’s account in the Thrift Savings Plan, repayment of the loan may be required on the same semi-monthly basis as authorized for contributions to the Thrift Savings Fund on behalf of the member under section 1014(c) of this title .