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 except for OTS 401(k) loan repayments that are processed as monthly discretionary allotments, which will continue to be sent via Automated Clearing House (ACH).