Contributing To The Thrift Savings Plan (TSP) Is Important– Know The Facts

Tue, Dec 1st 2020, 4:51pm EST

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:

The 2021 IRS annual contribution limit for regular TSP contributions remains at $19,500.  In addition to regular TSP contributions, you may also make TSP Catch-up contributions, if you meet certain criteria.  The 2021 IRS annual limit for TSP Catch-up remains at $6,500.  You may start, stop, or change your TSP contributions at any time by using myPay.  For additional detailed information

If you have questions, refer them to your Benefits Contact or AskBenefits.

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