Pay Period (PP) 06 Calendar Year (CY) 2019 PPS Release Notes
Project Number |
Agency-Specific or Community-Wide |
Project Title |
Description of the Change |
---|---|---|---|
31003 / 1566284 |
Agency-Specific Department of Treasury (Treasury) |
Add Further Credit Information for 401k Loan |
Modifications will be made to Mainframe systems to allow one wire disbursement for all employees under the Office of the Comptroller of the Currency (OCC) 401(k) plans and one wire disbursement for all employees under the Office of Thrift Supervision (OTS) 401(k) plans. This would include all contributions and all loan payments for OTS 401(k) loan repayments that are processed as monthly discretionary allotments, which will continue to be sent via Automated Clearing House (ACH). |