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Transferring TSP Data

  1. To enter TSP data, select the Payroll Documents menu group.
  2. Select the TSP/TSP Roth component. The TSP/TSP Roth page - Find an Existing Value allows the user to locate an existing employee in order to enter or change a TSP account.

TSP TSP Roth Page - Find an Existing Value

Figure 48: TSP/TSP Roth Page - Find an Existing Value

  1. Enter the search criteria.
  2. Select the Search button. The Thrift Savings Plan/Thrift Savings Plan Roth page is displayed.

TSP/TSP Roth Page

Figure 49: TSP/TSP Roth Page

  1. Complete the fields as follows:

 

Field

Description/Instruction

Name

Populated from the search criteria. The name of the employee is displayed from the Empl ID entered.

Empl ID

Populated from the search criteria entered

Record

Displays the number of records for that employee

SSN

Populated from the search criteria. The SSN of the employee is displayed from the Empl ID entered.

 

  1. Complete the Thrift Savings Plan/Thrift Savings Plan Roth fields as follows:

 

Field

Description/Instruction

Effective Date

Required field. Populated with the beginning date of the current pay period. This is the date on which a table row becomes effective; the date that an action begins. This date also determines when to view or change information. Select a date from the calendar icon to change the default date.

Pay Period

Populated and cannot be changed

Date Entered

Populated with the beginning date of the current pay period or select a date from the calendar icon.

Transaction Status

Defaults to In Progress. Select the down arrow to select a different status.

 

  1. Complete the Contribution Information fields as follows:

 

Field

Instruction

TSP/TSP Roth

Select the radio button for the applicable type of transaction to be made. The valid values are TSP and TSP Roth.

TSP Transaction Code

Required field. Select the applicable code from the drop-down list. The valid values are Stop Contributions, New, New Enrollment/Change and Waive.

If New Enrollment/Change is selected, you will be prompted to enter a value in the Contribution Rate or Contribution Amount field.

If Stop contributions or Waive is selected, the Contribution Rate and Contribution Amount fields are not available.

Contribution Rate

Enter the percentage rate of the contribution.

The rate must be in full percentages (no half percentages will be accepted).

The percentage deduction should not exceed 70 percent to ensure that all mandatory deductions are deducted.

If an entry is made in this field, the Contribution Amount field must be left blank.

Contribution Amount

Enter the whole dollar amount.

Dollar amount must be in whole dollars (no cents will be accepted).

Dollar amount must not exceed 70 percent of biweekly salary to ensure that all mandatory deduction are deducted.

Note: FERS employees will only receive Government matching (for the year) if employee contributions are made throughout the calendar year.

If an entry is made in this field, the Contribution Rate field must be left blank.

 

 At this point, the following options are available:

 

Step

Description

Select the Save button

Saves the new data entered.

Select the Return to Search button

Returns the user to the applicable page to search for another record.

Select the Previous in List button

Returns to the previous person in the list.

Select the Next in List button

Advances to the next person in the list.

Select the Notify button

Notifies the next individual in the workflow.