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2012 4.9 Satisfied (502 Votes)
2011 4.2 Satisfied (64 Votes)
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Most employees of the United States government are eligible to participate in the TSP. You are eligible if you're any of the following: A FERS employee (generally if you were hired on or after January 1, 1984) A CSRS employee (generally if you were hired before January 1, 1984 and did not convert to FERS)
The Thrift Savings Plan is a qualified retirement plan for federal employees and members of the uniformed service. 1 A 401(k) plan is a qualified retirement plan for the private sector. 6 Both plans have the same contribution limits and are structured similarly but there are some differences.
Whether you're a civilian employee, a member of the uniformed services, or a separated participant, you can roll over money from other eligible plans to your existing TSP account. The money will be invested according to your investment election on file.
The TSP is funded only by payroll deduction and has no income limits.
The TSP is a retirement savings and investment plan for federal employees. The purpose of the TSP is to provide retirement income through savings and tax deferred benefits that many private corporations offer their employees. The TSP is similar to private sector 401(k) plans.
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People also ask

A thrift savings plan (TSP) is a type of retirement investment program open only to federal employees and members of the uniformed services, including the Ready Reserve. It is a defined-contribution (DC) plan that offers federal employees many of the same benefits that are available to workers in the private sector.
The TSP for civil service workers is virtually the same as the plan for military members, however, most civil servants are eligible for employer matching, which is where the government will make contributions to your account for you.
Thrift Savings Plan provides investment options for service members, civilians. A government-sponsored retirement plan that allows participants to contribute as much as $18,000 per year will be the subject of a class from 1-2:30 p.m. Nov.
How do I change my TSP contribution percentage or amount? The easiest way to change the amount of your TSP contributions is by using the Government Retirement & Benefits (GRB) Platform. GRB has replaced the Employee Benefits and Information System (EBIS) and is accessed at the https://www.ebis.army.mil .
The TSP is a retirement savings and investment plan for civilian employees of the United States Government and members of the uniformed services. TSP is similar to a 401K plan offered by many public and private corporations. Learn more about TSP.

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