[Code of Federal Regulations]
[Title 5, Volume 1, Parts 1 to 699]
[Revised as of January 1, 2001]
From the U.S. Government Printing Office via GPO Access
[CITE: 5CFR550.205]

[Page 512]
 
                    TITLE 5--ADMINISTRATIVE PERSONNEL
 
                CHAPTER I--OFFICE OF PERSONNEL MANAGEMENT
 
PART 550--PAY ADMINISTRATION (GENERAL)--Table of Contents
 
                       Subpart B--Advances in Pay
 
Sec. 550.205  Recovery of advances in pay.

    (a) Unless repayment is waived in whole or in part under 
Sec. 550.206 of this part, an agency shall recover an advance in pay by 
installments under agency procedures for payroll deductions or by salary 
offset procedures established under subpart K of this part. An employee 
may prepay all or part of the remaining balance of an advance in pay at 
any time before payments are due.
    (b) An agency shall establish a recovery period for each employee to 
repay an advance in pay, but no agency may establish a recovery period 
of longer than 14 pay periods beginning on the date the advance in pay 
is made to the employee under Sec. 550.203 of this part. If a longer 
period for recovery is necessary to avoid exceeding the limitation on 
deductions described in Sec. 550.1104(i) of this part, recovery may be 
accomplished under salary offset procedures established under subpart K 
of this part. Upon written request, an employee may elect a recovery 
period of less than 14 pay periods.
    (c) If an employee transfers to another agency or employment with an 
agency is terminated for any reason, the remaining balance of an advance 
in pay not yet repaid is due and must be repaid to the Federal 
Government unless repayment is waived in whole or in part under 
Sec. 550.206 of this part.
    (d) Any remaining balance of an advance in pay that has not been 
waived under Sec. 550.206 of this part or repaid by an employee upon 
transfer or termination of employment must be recovered by an agency 
using procedures for salary offset under subpart K of this part and/or 
by such other method as is provided by law.

[56 FR 12837, Mar 28, 1991, as amended at 58 FR 41625, Aug. 5, 1993; 64 
FR 69176, Dec. 10, 1999]