The Thrift Savings Plan (TSP) is a retirement saving and investment plan for federal employees and members of uniformed services, including the Ready Reserve. Purpose and History of Thrift Savings Plan Congress established the TSP under the Federal Employees’...
If you have left, or are leaving federal service, before becoming eligible for retirement, you have a couple of options. First, you can ask to have your retirement contributions returned to you in a lump sum. Or, if you have at least 5 years of creditable service, you...
The Thrift Savings Plan (TSP) is available to federal employees and works very similar to a 401k. It is part of the three-tier FERS system, which also includes a pension and Social Security. So what happens if you leave federal service? Can your TSP move with you?...
If you are a federal employee who was hired after January 1, 1984, you fall under the FERS retirement system. This is different than the Civil Service Retirement System (CSRS) in that the FERS system is known as a three-tier system. The three parts are a Basic Benefit...
The Thrift Savings Plan (TSP) is a retirement benefit for federal workers, which is comparable to the private sector’s 401(k), except with significantly lower annual costs. Although the TSP is primarily meant for financial contributions to grow untouched until...
As with most lines of work, a career in public service has its pros and cons. Among the more enviable aspects is an attractive retirement package. For federal employees, the Thrift Savings Plan (TSP) is a significant component of retirement, which needs to be...
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