1600.37—Employing agency notice.
Employing agencies shall furnish all new employees and all rehired employees covered by the automatic enrollment program a notice that accurately describes:
(a)
That default employee contributions equal to 3 percent of the employee's basic pay will be deducted from his or her pay and contributed to the TSP on the employee's behalf if the employee does not make an affirmative election;
(b)
The employee's right to elect to not have default employee contributions made to the TSP on his or her behalf or to elect to have a different percentage or amount of basic pay contributed to the TSP;
(c)
That the default employee contributions will be invested in the G Fund unless the employee makes a contribution allocation and/or an interfund transfer; and
(d)
The employee's ability to request a refund of any default employee contributions (adjusted for allocable gains and losses) and the procedures to request such a refund.