Section 1605.15 - Reporting and processing late contributions and late loan payments(a) The employing agency must promptly submit late contributions to the TSP record keeper on behalf of the affected participant on late payment records as soon as the error is discovered. For each pay date involved, the employing agency must submit a separate record showing the "as of" date for the contributions. Breakage for both employee and agency contributions will be calculated, posted, and charged to the agency or forfeited to the TSP in accordance with § 1605.2 .(b) If an employing agency deducts loan payments from a participant's pay, but fails to submit those payments to the TSP record keeper for the pay date for which they were deducted (or submits them in a manner that prevents them from being timely credited to the participant's account), the employing agency will be responsible for paying breakage using the procedure described in § 1605.2 . The loan payment record must contain the "as of" date for which the loan payment was deducted.(c) All contributions or loan payments on payment records contained in a payroll submission that was received from an employing agency more than 30 days after the pay date associated with the payroll submission (as reported on the appropriate journal voucher), will be subject to breakage calculated, posted, and charged to the employing agency (or forfeited to the TSP) in accordance with § 1605.2 . The employing agency will be apprised of the breakage due for each record reported on the late submission.(d) If the "as of" date of a late Roth contribution is earlier than the participant's existing Roth initiation date, the TSP record keeper will adjust the participant's Roth initiation date. 68 FR 35501 , June 13, 2003, as amended at 77 FR 26426 , May 4, 2012; 87 FR 31678 , May 24, 2022