"...More than 1 million federal employees who have been delayed in their ability to make Roth-style investments in their retirement savings program will have that option available to them starting July 1, according to the government’s largest payroll service provider.
The Thrift Savings Plan began accepting Roth investments on May 7, but the Defense Finance and Accounting Service was not ready to process that form of investing at the time. DFAS had said that it could accommodate Roth investing for civilian Defense Department employees and employees of other agencies it services in July, although it did not specify a date.
“Our systems will be ready to begin processing requests we receive on July 1,” DFAS spokesman Thomas LaRock said in an e-mail. He said that after a request is processed, employees “can normally expect to see the change take effect in their next paycheck, unless they submitted within a couple days of payday, in which case it would be the following paycheck.”..."
The Thrift Savings Plan began accepting Roth investments on May 7, but the Defense Finance and Accounting Service was not ready to process that form of investing at the time. DFAS had said that it could accommodate Roth investing for civilian Defense Department employees and employees of other agencies it services in July, although it did not specify a date.
“Our systems will be ready to begin processing requests we receive on July 1,” DFAS spokesman Thomas LaRock said in an e-mail. He said that after a request is processed, employees “can normally expect to see the change take effect in their next paycheck, unless they submitted within a couple days of payday, in which case it would be the following paycheck.”..."
