R 052024Z JAN 22 MID600051389064U
FM DFAS CLEVELAND OH
TO AIG 4730//
AIG 4676//
AIG 4678//
BT
UNCLAS
SUBJ/INFORMATION REGARDING THE NEW TSP SPILLOVER PROCESS//
MILITARY PAY ADVISORY 01/22//
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 TSP SPILLOVER PROCESS AND DJMS FOR
ACCOUNTS OVER THE LIMIT IN DECEMBER 2021.
2. MEMBERS WHO CONTRIBUTE TO TSP THAT ARE UNDER THE AGE OF 50 HAVE A
LIMIT OF $19500.00 FOR DEFERRAL TSP.
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. MEMBERS THAT ARE UNDER 50 AND HAVE CONTRIBUTED OVER THE TSP
LIMIT IN DJMS, IN DECEMBER, WILL HAVE AN OVER THE LIMIT YEAR TO DATE
TOTAL ON DECEMBER'S LES.
7. TSP FEEDBACK AND REJECT FILES FOR DECEMBER HAVE POSTED.  NAVY
PROCESSING IS CORRECTING AFFECTED ACCOUNTS THAT WILL RESULT IN
ACCURATE 2021 W2.
8. MEMBERS AFFECTED BY THIS WILL RECEIVE A SMARDOC FROM MYPAY.
9. REQUEST WIDEST DISSEMINATION POSSIBLE.//