Whether you’re new to the TSP or looking for a refresher, we’re here to help. Contributing early gives the money in your account more time to increase in value through compound earnings. Regardless of your retirement system, participating in the TSP can significantly increase your retirement income, and starting early is important. See how the TSP fits into your retirement. The TSP is one part of your retirement benefit package, and benefits differ depending on your retirement system (FERS, CSRS, BRS, or non-BRS uniformed services). It was established by Congress in the Federal Employees’ Retirement System Act of 1986 and offers the same types of savings and tax benefits that many private corporations offer their employees under 401(k) plans. a variety of distribution options in retirement The Thrift Savings Plan (TSP) is a retirement savings and investment plan for Federal employees and members of the uniformed services, including the Ready Reserve.death benefits for your spouse in the event of your death.under certain circumstances, access to your money while you are still employed by the federal government.agency/service contributions if you’re an employee covered by FERS or a uniformed services member covered by BRS.
low administrative and investment expenses. – Roth (after-tax) contributions with tax-free earnings at retirement if you satisfy the IRS requirements – traditional (pre-tax) contributions with tax-deferred investment earnings a choice of tax treatments for your contributions. a diversified choice of investment options, including individual funds professionally designed lifecycle funds, which mix the individual funds with an eye toward specific target dates and a mutual fund window to give you greater investment flexibility. Saving for your retirement through the TSP provides many advantages, including the following: The purpose of the TSP is to give you a long-term retirement savings and investment plan. Today we have more options and features to enhance your TSP experience than ever before: enhanced account access and security account access and security, streamlined online transactions to save you time and reduce paperwork, expanded support options, and more. We’ve grown over the years, and we remain committed to providing you with the right investment choices, tools, and information to define and achieve your specific retirement goals. From day one, our mission has been to put the best interest of you and your beneficiaries at the core of everything we do. What we doĪt the TSP, we take pride in serving millions of federal employees who serve our country. The TSP is administered by federal employees, who are also TSP participants, at the Federal Retirement Thrift Investment Board (FRTIB). The TSP is a defined contribution plan, meaning that the retirement income you receive from your TSP account will depend on how much money you put into your account during your working years and the earnings accumulated over time (and, if you’re eligible, agency or service contributions and their earnings). Established by Congress in the Federal Employees’ Retirement System Act of 1986, the TSP offers the same types of savings and tax benefits that many private corporations offer their employees under 401(k) plans. 
The Thrift Savings Plan (TSP) is a retirement savings and investment plan for federal government employees and uniformed services members, including the Ready Reserve.
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