Urgent: Your Roth Contributions May Stop Unless You Act — If you are an active duty member of the Army, Air Force, or Navy (Includes Navy Reserve component who serve more than 30 days on active duty)making dollar-amount Roth contributions to your TSP account, these deductions will stop on January 31 unless you act.
How your election requirements will change:
A new change in myPay requires you to designate your Roth contributions as a percentage of your pay, not a dollar amount. If you don’t comply with this change, then the Defense Finance and Accounting Service (DFAS) will no longer be able to process your Roth contributions. This change affects your Roth contributions only; your traditional contributions are already designated as a percentage of pay.
When the change will take place:
You will need to change your Roth election from a dollar amount to a percentage of your pay. If your new Roth election is not received by January 31, then DFAS will not be able to process your Roth contributions until you update them.
How to make the change:
Log into myPay. Click the special TSP section called “Traditional TSP and Roth TSP.” Then, in the “Contribution from Roth TSP” section, you can enter the percentage of your pay that you’d like to contribute (10%, for example). Finally, click “Save” at the bottom of the screen. Or you can download Form TSP-U-1 and return it to your service. All changes must be received by January 31 to avoid interruption.
For more information, contact Andrew Lucht at Army Community Services, 678-1337.