Thrift Savings Plan (TSP) Overview

The Thrift Savings Plan (TSP) is a retirement savings and investment plan for federal employees.  The purpose of the TSP is to provide retirement income. 

The TSP offers federal  employees the same type of savings and tax benefits that many private corporations offer their employees under "401(k)" plans.  In the civilian component of the TSP, employees covered by the Federal Employees' Retirement System (FERS) and the Civil Service Retirement System (CSRS) can contribute to the TSP.  The participation rules are different for FERS and CSRS employees.

Q&A: How Safe Is Your Retirement Money in the TSP?
September 23, 2008
My Federal Retirement has been receiving many questions from readers regarding the safety of their retirement money in light of the recent troubles in the U.S. financial markets. Here are a few resources to answer your questions [ MORE ]

Thrift Savings Plan (TSP) for CSRS Employees
If you are a CSRS employee, the Thrift Savings Plan (TSP) can provide you with a source of retirement income in addition to your CSRS annuity.  As a CSRS empl [ MORE ]

Thrift Savings Plan (TSP) for FERS Employees
The Thrift Savings Plan (TSP) for FERS employees is one of the three parts of your retirement package, along with your FERS Basic Annuity and Social Security.  cf_mggoogle ad [ MORE ]

How Does the TSP Differ from the FERS Basic Annuity and the CSRS Annuity?
The Thrift Savings Plan (TSP) is a defined contribution plan.  The retirement income that you receive from your TSP account will depend on how much you (and your agency, if y [ MORE ]

What Does It Mean To Be "Vested" in the Thrift Savings Plan (TSP)?
Vesting means that you have met the service requirements that entitle you to keep the agency automatic (1%) contributions and their earnings when you leave federal service.  Vesting [ MORE ]

Designating Beneficiaries for Thrift Savings Plan Accounts
If you die before your TSP account is completely withdrawn, the balance in your account will be distributed according to your most recent designation of beneficiary, if you completed one  If you [ MORE ]

Summary: TSP Spousal Rights - Requirements and Exceptions
Chart summarizes the TSP spousal requirements and exceptions [ MORE ]

Spousal Rights for the Thrift Savings Plan
The law gives certain rights to your spouse (including your legally separated spouse) to your Thrift Savings Plan.  The TSP must take these rights into consideration w [ MORE ]