Process Considerations:

• If an employee has been enrolled in a Savings Plan incorrectly, that money must be returned to them. The University must come up with the missing money, and it is charged back to the department where the mistake originated. 
• If the investment has made money, the money is not returned to the UW.  Arrangements have been made with the TSA companies to keep any extra funds and put it into a pool. If there are losses for another employee, the TSA vendor will pull funds from that pool to make the person whole. If there is not enough pool funds to make the person whole, then funds will be collected from the appropriate campus where the employee had been paid from, to make the person whole.
• Once the person has been made whole, then the check received from the vendor goes into the check correction process (see Additional Resources below). It should be noted that the employee will be taxed on any refunds.
• Although rare, requests for a return of excess contributions may occur if an employee has over-contributed to a Savings Plan. This may happen when an employee is coming from or going to another (Non-UW) institution and deferred too much between TSA plans.