New federal employees are auto-enrolled in the TSP, and 5%of basic pay is deducted from their paycheck each pay period and deposited into a TSP account. In addition, they receive the full ...

You may know that the government will match your contributions (up to 5% of your basic pay) to the Thrift Savings Plan (TSP) if you are covered under the Blended Retirement System (BRS).

The service members asking that question understand the value of the TSP to the new BRS. By contributing as much of their basic pay as possible as early as possible (while getting a government ...

Contributing to a thrift savings plan is a straightforward process. Participants can contribute a percentage of their basic pay each pay period, automatically deducted and invested in their chosen ...

Workers who are covered by the Federal Employees’ Retirement System (FERS) have access to the TSP, the FERS basic annuity, and Social Security. Individuals who are covered by the Civil Service ...

Besides purchasing a life annuity or taking occasional partial withdrawals, the TSP offers two basic ways to take regular distributions from your account: fixed installments or life expectancy ...

TWO UPDATE NOTES: 1. The contribution allocations are different with the Roth TSP option. 2. This article is intended for military service members. Civilian government employees should ...

Post-tax varieties of both TSP and 401(k) plans let savers pay taxes on contributions now in exchange for the chance to withdraw them and any earnings later at lower tax rates. The post-tax ...

The short one-hour class covered TSP basic, Lifecycle Funds and the differences between a tradition TSP account and Roth IRA. Bottema has helped hundreds of Fort Jackson personnel understand their ...

Employees under FERS receive retirement benefits from three sources: the basic benefit plan, Social Security, and the Thrift Savings Plan (TSP). The Federal Employees Retirement System ...

The Thrift Savings Plan (TSP) is a long-term ... You can contribute any percentage from your basic, incentive, special or bonus pay. If you contribute while in a combat zone, you can avoid ...