Since the last pay period of the year begins on 23 Dec and we are effectively 1 pay period behind, i think as long as i make the change prior to the 23 Dec PP, I should be ok to make the change then to capture the 1st PP of the year.
On Monday, October 30, 2017, 8:01:04 PM CDT, B M mythigh@hotmail.com [TSP_Strategy] <TSP_Strategy@yahoogroups.com> wrote:
It's just easier to make the change now if you already max out. Your contribution for the last pp will just be smaller.
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On Oct 30, 2017, at 7:48 PM, "Chris Brunner onedietz@yahoo.com [TSP_Strategy]" <TSP_Strategy@yahoogroups.com> wrote:
First figure out what date is your first pay of the new tax/calendar year. For me that would be Thurs Jan 4, normally posted to my bank account on Monday Jan 1; but that is a holiday so it will be paid Tues Jan 2. (If for some reason they choose to pay me ahead of time on Fri Dec 29, my calculations are screwed!)
That payment occurs during PP 26 and is for work performed during PP25; so PP25 is called the 'effective' pay period.
Therefore to make sure my changed allocation begins on the first pay of 2018 I must make the change before PP25 (i.e. PP24 or earlier) to ensure the changes are effective in PP25.
If you're on a different pay schedule your results could be different.
As another example, for 2019 the first pay of the tax/calendar year 2019 for me will be on Jan 14 which is pp01 and my 'effective' period will be pp 26.
From: "Sno-Skiier sno_skiier@yahoo.com [TSP_Strategy]" <TSP_Strategy@yahoogroups.com>
To: "TSP_Strategy@yahoogroups.com" <TSP_Strategy@yahoogroups.com>
Sent: Monday, October 30, 2017 9:14 AM
Subject: [TSP_Strategy] 2018 TSP Allotment Change Effective Date
Just wondering for DoD Civilian Army TSP change in allotments through EBIS how/where to make the effective date so that it starts in first pay period of 2018 to max out of $712. I don't see an option to change allotment on a certain date. If i change it, it seems to only let me change for the next pay period? Thoughts? Help?
R,
Tim
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Posted by: Sno-Skiier <sno_skiier@yahoo.com>
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