IFT's that didn't get processed

[weatherweenie]

Has any body had TSP not process an IFT that you submitted? If so, what recourse is there?

I submitted an IFT on 9/2 and that IFT has not been processed. According to TSP it 'could have' been due to the holiday, and 'should' be processed cob 9/5.

 

[fabijo]

The TSP website used to say that IFTs may take 2 business days to be in effect. But now this is what I read and understand your frustration:

An interfund transfer requested by 12:00 noon eastern time on a business day will generally be processed that night. The new investment percentages can be viewed online the next business day.

As far as recourse, I don't think you can do much. It says "generally," so there is no guarantee made.

 

[James48843]

I entered mine at 8:17 am on 9/4 and it executed just fine on 9/4 cob.

I don't think you have much recourse, but you can try.

 

[qibovin]

Has any body had TSP not process an IFT that you submitted? If so, what recourse is there?

I submitted an IFT on 9/2 and that IFT has not been processed. According to TSP it 'could have' been due to the holiday, and 'should' be processed cob 9/5.

A similar thing happened to me over the New-Year-last-minute-National-Day-of-mourning fiasco. I don't think there is any recourse. Apparently the things that the government does (or doesn't) do no longer requires the approval of the people. Is this "news" to anyone?

 

[weatherweenie]

The TSP website used to say that IFTs may take 2 business days to be in effect. But now this is what I read and understand your frustration: An interfund transfer requested by 12:00 noon eastern time on a business day will generally be processed that night. The new investment percentages can be viewed online the next business day.

As far as recourse, I don't think you can do much. It says "generally," so there is no guarantee made.

Guess it's a case of live and learn. There are no guarantees that our transactions will get processed on the same day.

 

[Birchtree]

You could tell them your name is Johnny Depp and they'll probably get right on it or they'll just laugh.

 

[awapna]

I put in for an ift the day before the rate drop. my account showed 25% in g,c,s,i. it said the same thing the next day. i went back and looked at my acount balance yesterday and it had not gone up the correct amount based on the +/- 3% gains in the csi funds. i called tsp and they said it did not go through. they asked if i had been emailed the notice, and of course had not because i dont fill in that email information when i do ift online. Not at all happy and there is no recourse or accountabilty by tsp for this, at least according to the tsp representative I spoke with. There must be a record of the request in the computer files though.
share your misery, hope they make the same mistake when i make a poor investment decision.