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Federal Personnel and Payroll System (FPPS) |
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Federal Personnel and Payroll System (FPPS) User Group Representatives (Excluding Casual Hire Representatives) |
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Christine Zertuche-Rocha, Chief
Payroll Operations Division
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Memo: Purchase of Thrift Savings Plan (TSP) Shares for Pay Period (PP) 2022-11 |
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Please share this information with employees who participate in TSP. The Federal Retirement Thrift Investment Board (FRTIB) awarded a new recordkeeping contract to Accenture Federal Services in November 2020. The Interior Business Center has been working and testing with this Converge Program (or Converge) to ensure a smooth transition for all our clients.
The TSP recordkeeping transition begins May 16, 2022 and is anticipated to end the first week of June 2022. User Group Representatives can review the key dates of the transition at the following link: TSP Key transition dates. Employees can review the new account features at the following link: TSP New TSP features.
On April 15, 2022, the FRTIB communicated transition cutover dates and deadlines in TSP Bulletin – 22-3. This communication advised us that during the period of May 25th until sometime in the first week of June 2022, we are prevented from transmitting payroll files for contributions to the purchase TSP shares. As a result, it has been determined there could be an impact when TSP shares are purchased for PP 2022-11. It should be noted that contributions are normally posted to an employee’s TSP account by the official pay date, which is the second Tuesday following the end of the PP. The official pay date for PP 2022-11 is May 31, 2022. An update will be provided when payroll files can be transmitted for TSP shares to be purchased.
We thank you for your patience during this time.
If user group representatives have questions, please contact Duke Dupre at (303) 969-7487 or Duke_Dupre@ibc.doi.gov.
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