Thread: TSP form 19

Originally Posted by peroh

what is the TSP Vesting Code (FERS OnLY) and TSP Status Date? lines 10 and 12 of TSP-19. Trying to find these codes is killin me.......

I can't even find the form. What is TSP form 19?

Go to the TSP page at:
http://www.tsp.gov/bulletins/introduction.html

and look at Bullentins 97-30, 05-2, and 05-5.

For some strange reason, you can't just click on the link to get the the location. If you do, it will just take you to the TSP home page.

You will have to cut and past or type in the URL.

http://www.tsp.gov/bulletins/introduction.html

Originally Posted by Aggie76

For some strange reason, you can't just click on the link to get the the location. If you do, it will just take you to the TSP home page.

You will have to cut and past or type in the URL.

Yeah, that was me. I used to put links to the tsp.gov share price page on this site and they didn't like that at all. They told me people would think they were on my page. So - they figured out how to make all links go to their home page.

Originally Posted by peroh

what is the TSP Vesting Code (FERS OnLY) and TSP Status Date? lines 10 and 12 of TSP-19. Trying to find these codes is killin me.......

Thanks Aggie for getting me to the right source.

Peroh, have you checked these bulletins yet. When I went to item 05-5 titled "Revision to TSP Form 19", the directions refer you to 2 other bulletins. For line ten you are referd to Bulletin 97-30 dated August 1997 which states:


TSP-Vesting Code
The TSP-Vesting Code corresponds to the number of years employees must
serve to be vested in, or entitled to, the Agency Automatic (1%) Contributions
and associated earnings in their accounts.

1. The TSP-Vesting Code is “2” for FERS employees in any of the following
positions:
a. Noncareer Senior Executive Service positions (as defined in 5 U.S.C.
§ 3132(a)(7)).
b. Executive Level positions which are listed in 5 U.S.C. §§ 5312, 5313,
5314, 5315, 5316, or are placed in the Executive Schedule under 5
U.S.C. § 5317.
c. Schedule C positions, which are excepted from the competitive
service by the Office of Personnel Management because of the
confidential and policy-determining character of the positions.
d. FERS employees who are Members of Congress or Congressional
employees.
2. The TSP-Vesting Code is “3” for all other FERS employees.
3. The TSP-Vesting Code for CSRS employees should be left blank (because
they have no vesting requirement). The TSP-Vesting Code “0” is acceptable.

And then for line 12 you are refered to Bulletin 05-2 dated January 2005 which states:


VI. Determining TSP Status Codes and TSP Status Dates
A. TSP status code
The TSP status code as reported on the Employee Data Record reflects an
employee’s participation in the TSP. There are six TSP status codes, as described
below. Agencies assign these codes to FERS or CSRS employees and
report them on the Employee Data Records which they submit to establish an
account or to change employee data previously submitted. (Agencies may use
other codes in their internal records for TSP status as they see fit; the six codes
below are the only ones that should be submitted to the TSP, however.)
1. “W”, or waiting to receive agency contributions. Agencies assign this status
code to FERS employees who are contributing to the TSP but who are
not yet eligible to receive agency contributions.
As soon as these employees become eligible to receive agency contributions,
the agency must change this status code to “Y” (described in paragraph
3 below) and begin making agency matching and agency automatic
(1%) contributions.
2. “E”, or eligible for agency contributions. Agencies assign this status code
to FERS employees who must receive agency automatic (1%) contributions
but who have not made TSP contribution elections.
3. “Y”, or yes, contributing. Agencies assign this status code to:
a. FERS employees who are contributing to the TSP and who must
receive agency contributions.
b. CSRS employees when they elect to contribute to the TSP.
4. “T”, or terminated contributions. Agencies assign this status code to:
a. FERS employees, who must receive agency automatic (1%) contributions,
and who either elect to terminate their contributions, or are required
to terminate their contributions because they made a financial
hardship in-service withdrawal.
b. CSRS employees who elect to terminate their contributions, or who
are required to terminate their contributions because they made a
financial hardship in-service withdrawal.
5. “S”, or stopped employee contributions before becoming eligible for
agency contributions. Agencies assign this status code to FERS employees
who terminate their own contributions before they become eligible to
receive agency contributions.
As soon as these employees become eligible to receive agency contributions,
the agency must change this status code to “T” (described in paragraph
4 above) and begin making agency automatic (1%) contributions to
the employees’ accounts.
6. “I”, or ineligible. Agencies assign this status code to employees who were
allowed to participate in the TSP in error (e.g., an employee covered by
FICA only who was erroneously classified as a FERS employee).
B. TSP status date
The TSP status date is the date an employee attained his or her current TSP
status. Agencies assign these dates to FERS or CSRS employees, as described
below, and report the dates to the TSP on Employee Data Records.
1. The TSP status date of a FERS employee coded “W” (waiting to receive
agency contributions) is the date the employee’s election to begin contributing
to the TSP became effective.
2. The TSP status date of a FERS employee coded “E” (eligible for agency
contributions) is the first day of the first full pay period of the month during
which the employee became eligible to receive agency
contributions.
3. The TSP status date of an employee coded “Y” (yes, contributing) is the
effective date of the employee’s first contribution election or, in the case
of a FERS employee who is contributing, the first day of the first full pay
period of the month during which the employee became eligible to receive
agency contributions. The status date does not change if the employee
submits a subsequent election to change the amount of his or her
contributions.
4. The TSP status date of an employee coded “T” (terminated contributions)
is the effective date of the employee’s election to terminate contributions
or the employee’s required termination due to receipt of a financial
hardship in-service withdrawal. In the case of a FERS employee who
had stopped contributing before becoming eligible to receive agency
contributions, it is the first day of the first full pay period of the month
during which the employee became eligible to receive agency contributions.
- 8 -
5. The TSP status date of an employee coded “S” (stopped employee contributions
before becoming eligible for agency contributions) is the effective
date of the employee’s election to terminate contributions or, if applicable,
the employee’s required termination due to receipt of a financial
hardship in-service withdrawal.)
6. The TSP status date of an employee coded “I” is the date that the erroneous
status code is changed to “I.”

Hope this helps.