The Thrift Savings Plan (TSP) is a retirement savings and investment plan for Federal employees and members of the uniformed services. If you are covered under the Federal Employees Retirement System (FERS, FERS-RAE, and FERS-FRAE), contributing to the TSP is extremely important, as the TSP will be a very large part of your retirement income. To learn about the importance of contributing to the TSP, take a few minutes to view the following short, informative videos:
- How the TSP Fits into the Federal Employees Retirement System
- How Can Compound Earnings Work For Me?
The 2025 IRS annual contribution limit for regular TSP contributions is $23,500. In addition to regular TSP contributions, you may also make TSP Catch-up contributions, if you are age 50 or older (or will be turning age 50 in 2025). The 2025 IRS annual limit for Catch-up contributions is $7,500. However, for employees ages 60-63, the Catch-up limit is $11,250. You may start, stop, or change your TSP contributions at any time by using myPay. For additional detailed information, go to TSP Announcement.
If you have questions, refer them to your Benefits Contact or AskBenefits@nih.gov.