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.
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
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
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
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
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
If you die before your TSP account is completely withdrawn, the balance in your account will be distributed according to your most recent designation of beneficiary, if you completed one If more
Chart summarizes the TSP spousal requirements and exceptions more