James48843
12-24-2011, 07:47 AM
from the TSP website:
Year-end transaction processing schedule — The TSP processing schedule for the end of 2011 is shown below. The schedule includes information about when transactions (including withdrawals and monthly payments) will be processed, as well as when the TSP will be closed during the holiday season.
December 15 – The deadline for the TSP to receive a request for an annual change in monthly payments is December 15. This deadline applies only to participants who are in monthly payment status.
December 23 – TSP monthly payments that are normally scheduled to be disbursed between December 23 and December 31, 2011, will be disbursed on December 23, along with supplemental required minimum distribution payments. The payments (checks and EFTs) will be issued by Treasury on December 28. For income tax purposes, these payments will be reported to the Internal Revenue Service as income for 2011.
December 26 – Because December 26 is a Federal holiday, the TSP will be closed. Transactions that would have been processed Monday night (December 26) will be processed Tuesday night (December 27) at Tuesday’s closing share prices.
December 27-28 – Withdrawals processed on December 27 and December 28 will be reported to the Internal Revenue Service as income for 2011. The payments (checks and EFTs) will be issued on December 29 and December 30, respectively.
December 29 – Withdrawals processed on December 29 will be reported to the IRS as income for 2012. The payments (checks and EFTs) will be issued on January 3, 2012.
December 30 – Withdrawals processed on December 30 will be reported to the IRS as income for 2012. The payments (checks and EFTs) will be issued on January 4, 2012.
January 2, 2012 – Because January 2 is a Federal holiday, the TSP will be closed. Transactions that would have been processed Monday night (January 2) will be processed Tuesday night (January 3) at Tuesday’s closing share prices.
Year-end transaction processing schedule — The TSP processing schedule for the end of 2011 is shown below. The schedule includes information about when transactions (including withdrawals and monthly payments) will be processed, as well as when the TSP will be closed during the holiday season.
December 15 – The deadline for the TSP to receive a request for an annual change in monthly payments is December 15. This deadline applies only to participants who are in monthly payment status.
December 23 – TSP monthly payments that are normally scheduled to be disbursed between December 23 and December 31, 2011, will be disbursed on December 23, along with supplemental required minimum distribution payments. The payments (checks and EFTs) will be issued by Treasury on December 28. For income tax purposes, these payments will be reported to the Internal Revenue Service as income for 2011.
December 26 – Because December 26 is a Federal holiday, the TSP will be closed. Transactions that would have been processed Monday night (December 26) will be processed Tuesday night (December 27) at Tuesday’s closing share prices.
December 27-28 – Withdrawals processed on December 27 and December 28 will be reported to the Internal Revenue Service as income for 2011. The payments (checks and EFTs) will be issued on December 29 and December 30, respectively.
December 29 – Withdrawals processed on December 29 will be reported to the IRS as income for 2012. The payments (checks and EFTs) will be issued on January 3, 2012.
December 30 – Withdrawals processed on December 30 will be reported to the IRS as income for 2012. The payments (checks and EFTs) will be issued on January 4, 2012.
January 2, 2012 – Because January 2 is a Federal holiday, the TSP will be closed. Transactions that would have been processed Monday night (January 2) will be processed Tuesday night (January 3) at Tuesday’s closing share prices.