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Thrift Savings Plan. TSP logo. 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, 2023, TSP has approximately 7 million participants (of which approximately 4.1 million are actively participating through payroll ...
The Thrift Savings Plan is a tax-deferred defined contribution plan similar to a private sector 401(k) plan. The Thrift Savings Plan is one of the three parts of the Federal Employees Retirement System, and is the largest defined contribution plan in the world. As of August 2021, the board manages $794.7 billion in assets on behalf of 6.4 ...
The Thrift Savings Plan (TSP) is a defined contribution plan that is available only to military service members and federal employees. It is similar to the 401(k) plans offered by many private ...
The Thrift Savings Plan is a retirement plan offered to federal employees and members of the military. In terms of contribution limits and taxation, it’s the federal equivalent of a 401 (k) plan ...
Contribution Limits. You can contribute up to $20,500 to your TSP in 2022 and $22,500 in 2023. Whether you have a Roth, traditional or both, your contributions to all of your TSP accounts combined ...
Most new federal employees hired on or after January 1, 1987, are automatically covered under FERS. Those newly hired and certain employees rehired between January 1, 1984, and December 31, 1986, were automatically converted to coverage under FERS on January 1, 1987; the portion of time under the old system is referred to as "CSRS Offset" and only that portion falls under the CSRS rules.
These limits also apply to other retirement plans, such as 403(b) plans for employees of public schools and nonprofit organizations and the federal government’s Thrift Savings Plan, the AARP noted.
TSPTALK. TSP TALK is an online web communications website and forum established for federal employees and military personnel. It was originally created in 2004 by former federal employee and computer specialist Tom Crowley. Though the board includes topics on various areas, the principal topic of the board is discussion surrounding investment ...