Participants may make up contributions missed due to an agency administra . make up missed contributions due to military service under the Uniformed . | 98-21 Thrift Savings Plan BULLETIN for Agency TSP Representatives Subject: Changes to the Error Correction Procedures Date June 19, 1998 This bulletin provides agency representatives with information regarding changes to the procedures for correcting certain administrative errors. It supersedes TSP Bulletin 98-3 because it contains revised instructions for completing IRS Form W-2, Wage and Tax State- ment. It also transmits a copy of the amendment to the error correction regulations at 5 . Part 1605, as published in the Federal Register on May 1, 1998. I. Background A. Internal Revenue Service guidance. The Federal Retirement Thrift Invest- ment Board (Board) has received guidance from the Internal Revenue Service (IRS) which permits makeup Employee Contributions to the TSP to be attrib- uted to the year in which the contributions should have been made, as long as these contributions do not exceed the IRS deferral limits for the applicable year(s) as described in . § 402(g). Previous guidance from the IRS re- quired that makeup Employee Contributions be attributed to the year in which the contributions were actually made, rather than the year in which they should have been Participants may make up contributions missed due to an agency administra- tive error under the Board’s regulations at 5 . § 1605. They may also (continued on next page) 1 A list of the elective deferral limits from 1987 through 1998 is contained in Attachment 1. Inquiries: Questions concerning this bulletin should be directed to the Federal Retirement Thrift Investment Board at 202-942-1460. Chapter: This bulletin may be filed in Chapter 6, Establishing and Maintaining Accounts. Supersedes: This bulletin supersedes TSP Bulletin 98-3, Changes to the Error Correction Procedures, dated January 29, 1998. Federal Retirement Thrift Investment Board-1-● 1250 H Street, NW● Washington, DC 20005 make up missed contributions due to military service under the Uniformed Services .
