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The Thrift Savings Plan ( TSP) is a defined contribution plan for United States civil service employees and retirees as well as for members of the uniformed services. As of December 31, 2021, TSP has approximately 6.5 million participants (of which approximately 3.9 million are actively participating through payroll deductions), and more than ...
Website. www .frtib .gov. The Federal Retirement Thrift Investment Board is an independent agency of the United States government by the Federal Employees Retirement System Act of 1986. It has roughly 270 employees. It was established to administer the Thrift Savings Plan, which is a retirement savings and investment plan for federal employees ...
There is a limit to the amount of money you can contribute to your TSP account each year. In 2023, you can defer up to $22,500 from your pay to be deposited into your TSP account. If you are 50 or ...
The Civil Service Retirement System ( CSRS) is a public pension fund organized in 1920 that has provided retirement, disability, and survivor benefits for most civilian employees in the United States federal government. Upon the creation of a new Federal Employees Retirement System (FERS) in 1987, those newly hired after that date cannot ...
For 2022, eligible employees can save up to $20,500 in a TSP account. If you’re 50 or older, you can make an additional catch-up contribution of $6,500. These contributions are made through ...
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