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Thread: Pay Date into TSP Changed???

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    Ed_the_Fed's Avatar
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    Default Pay Date into TSP Changed???

    Did anyone notice that our payment into TSP didn't happen until Tuesday 6/3? It has always occurred on the Saturday before payday or in this case 5/31. Does anyone know why this happened? Is this a permanent change to coincide with payday? For this month, it worked to my advantage since the C, S and I all were down from Friday's close.

    It also affected the day my TSP loan payment was made. So I incurred 4 more days of interest on my principal.

    I was just curious if anyone else noticed this. One of my coworkers came to me and asked me what I knew about it since I am the one in the office who follows this stuff pretty closely. I hadn't heard anything about changes.

    Ed


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    Default Re: Pay Date into TSP Changed???

    I hear it depends on your Agency, mine has been Tuesday the week of payday for a while, so unfortuantely I can't help you.
    "All the prophets of Doom, Can always find room, In a world full of worry and fear..." - Protest Song, Monty Python

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    Default Re: Pay Date into TSP Changed???

    Quote Originally Posted by Ed the Fed View Post
    Did anyone notice that our payment into TSP didn't happen until Tuesday 6/3? It has always occurred on the Saturday before payday or in this case 5/31. Does anyone know why this happened? Is this a permanent change to coincide with payday? For this month, it worked to my advantage since the C, S and I all were down from Friday's close.

    It also affected the day my TSP loan payment was made. So I incurred 4 more days of interest on my principal.

    I was just curious if anyone else noticed this. One of my coworkers came to me and asked me what I knew about it since I am the one in the office who follows this stuff pretty closely. I hadn't heard anything about changes.

    Ed
    I noticed it 4 years ago and did a FOIA on it. It's different for every agency and can vary from payday to payday. By law your agency has 30 days to make your contribution. Mine runs at least 10 days behind my payroll deposit, which doesn't make sense because everything is electronic, but they decline to explain when questioned about it. I want to know what they are doing with that 10 days of interest that belongs to ME!!!

    When there's a holiday there is more of a delay.

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    Frixxxx's Avatar
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    Default Re: Pay Date into TSP Changed???

    Quote Originally Posted by luv2read View Post
    I noticed it 4 years ago and did a FOIA on it. It's different for every agency and can vary from payday to payday. By law your agency has 30 days to make your contribution. Mine runs at least 10 days behind my payroll deposit, which doesn't make sense because everything is electronic, but they decline to explain when questioned about it. I want to know what they are doing with that 10 days of interest that belongs to ME!!!

    When there's a holiday there is more of a delay.
    I'm going to start calling you the FOIA queen!!!!!

    Thanks your majesty!!!!!
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    Default Re: Pay Date into TSP Changed???

    All except for one pay day (1/25/08) I got my contribution posted the day before I got paid.

    Pay date Contribution date
    3/21/2008 3/20/2008
    3/7/2008 3/6/2008
    2/22/2008 2/21/2008
    2/8/2008 2/7/2008
    1/25/2008 1/25/2008
    1/11/2008 1/10/2008
    12/28/2007 12/27/2007
    12/14/2007 12/13/2007
    11/30/2007 11/29/2007
    11/16/2007 11/15/2007
    11/2/2007 11/1/2007
    10/19/2007 10/18/2007
    10/5/2007 10/4/2007
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    Default Re: Pay Date into TSP Changed???

    Quote Originally Posted by Frixxxx View Post
    All except for one pay day (1/25/08) I got my contribution posted the day before I got paid.

    Pay date Contribution date
    3/21/2008 3/20/2008
    3/7/2008 3/6/2008
    2/22/2008 2/21/2008
    2/8/2008 2/7/2008
    1/25/2008 1/25/2008
    1/11/2008 1/10/2008
    12/28/2007 12/27/2007
    12/14/2007 12/13/2007
    11/30/2007 11/29/2007
    11/16/2007 11/15/2007
    11/2/2007 11/1/2007
    10/19/2007 10/18/2007
    10/5/2007 10/4/2007
    As it should be, since it's pre-tax money and paycheck is after-tax...any job openings there?

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    Frixxxx's Avatar
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    Default Re: Pay Date into TSP Changed???

    Quote Originally Posted by luv2read View Post
    As it should be, since it's pre-tax money and paycheck is after-tax...any job openings there?
    Well it's with the Air Force! So I figure it would be any available position you can find! I just switched to work for the Navy, and they do it the same way as well, your highness!
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    Default Re: Pay Date into TSP Changed???

    Quote Originally Posted by Ed the Fed View Post
    Did anyone notice that our payment into TSP didn't happen until Tuesday 6/3?
    Ed,

    My TSP payment, DOD Corps of Inganeers, has always been on the Tuesday before payday, when I would happen to check. Headed to Nags Head tomorrow, any TSP'ers be there?

    CB
    “Most men and women will grow up to love their servitude and will never dream of revolution.” - Huxley’s Brave New World

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    Default Re: Pay Date into TSP Changed???

    Quote Originally Posted by CountryBoy View Post
    Ed,

    My TSP payment, DOD Corps of Inganeers, has always been on the Tuesday before payday, when I would happen to check. Headed to Nags Head tomorrow, any TSP'ers be there?

    CB
    Is that a week before Payday? If so, then it's probably the contribution from the previous payday....a week lag time where the agency earns and keeps 1 week interest on your money.


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    Default Re: Pay Date into TSP Changed???

    It appears several agencies were late with TSP this past pay period, and it also appears that is had to do with the payroll cutoff date, and Memorial day being the Monday before. Because of the holiday, Dept of Interior (who handles several agency payrolls) moved the manager approval date of payroll to one day later to accomodate Memorial day, and therefore knocked the TSP deposite date off cycle.

    Should return to normal next pay period.

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