R 061500Z JUL 21 MID600050763284U
FM DFAS CLEVELAND OH
TO AIG 4730//
AIG 4676//
AIG 4678//
BT
UNCLAS
SUBJ/INFORMATION REGARDING THE NEW TSP SPILLOVER PROCESS//
MILITARY PAY ADVISORY 10/21//
REF/A/WEBSITE/WWW.TSP.GOV//
POC/SEAN-THOMAS TEAHAN/CODE JFLQ/TEL: 216-204-6706//
RMKS/1. THIS MILITARY PAY ADVISORY IS BEING ISSUED TO PROVIDE
UPDATED INFORMATION FOR THE NEW TSP SPILLOVER PROCESS AND DJMS.
2. MEMBERS WHO CONTRIBUTE TO TSP THAT ARE UNDER THE AGE OF 50 HAVE A
LIMIT OF $19500.00 FOR DEFERRAL TSP. CURRENTLY DJMS IS PROGRAMMED TO
STOP TSP AT $26000.00 FOR ALL MEMBERS.
3. MEMBERS UNDER 50 THAT GO OVER THE LIMIT WILL HAVE THE DIFFERENCE
REJECTED AT TSP. TSP WILL ONLY ACCEPT CONTRIBUTIONS UP TO THE
$19500.00 LIMIT FOR THOSE UNDER 50.
4. THE DIFFERENCE FROM THE CONTRIBUTION AND THE ACCEPTED AMOUNT WILL
BE CREDITED BACK TO THE MEMBER IN THE NEXT AVAILABLE PAY PERIOD AFTER
THE REJECT IS WORKED.
5. SINCE TSP ONLY ACCEPTS UP TO THE LIMIT, NO MEMBER IS TRULY OVER THE
LIMIT AT TSP.
6. TSP IS MANUALLY SUSPENDED ONCE AN ACCOUNT GOES OVER THE $19500.00.
7. IF A MEMBER CONTRIBUTES TO TRADITIONAL TSP AND GOES INTO A TAX
EXCLUDED ZONE (CZTE), THE MEMBER MUST INFORM THE PAY OFFICE TO HAVE
THE TSP UNSUSPENDED.
8. REQUEST WIDEST DISSEMINATION POSSIBLE.//