What is a TSP-1 form?
THRIFT SAVINGS PLAN TSP-1. ELECTION FORM. ORIGINAL TO PERSONNEL FOLDER Provide a copy to the employee and to the payroll office. Use this form to start, stop, or change the amount of your contributions to the Thrift Savings Plan (TSP).
When did TSP start for CSRS?
Beginning July 1, 2001, CSRS employees can contribute up to 6% of basic pay each pay period.
Are you automatically enrolled in TSP?
You will not be automatically enrolled in the TSP; however, you may change or stop your TSP election, and if you were not previously contributing, you may elect to contribute to the TSP at any time. You may elect to increase, decrease, or stop your contributions to your TSP account at any time.
How do I make a TSP election?
Download Form TSP-1, Election Form (TSP-U-1 for uniformed services members), or call the ThriftLine at 1-877-968-3778 and choose option 3 to have it mailed to you.
Where can I get TSP forms?
The new Thrift Savings Plan (TSP) website has an easier way to access the TSP form library. To access a specific TSP form click here. Use this form to request an immediate withdrawal of your entire vested account balance, to be paid after your agency confirms your separation from Federal service.
How do I restart my TSP contribution?
- Go to myPay and log in.
- Under the “PAY CHANGES” heading, select the “Thrift Savings Plan (TSP)” link.
- Select the yellow pencil icon to make a change to your TSP contribution.
- In the resulting pop up window, enter the changes you want to make.
- Select the “Continue” button to move to the “Review” stage.
Is CSRS better than FERS?
But having the TSP gives FERS employees more control over and flexibility with their retirement plans. FERS workers typically retire with double the savings that CSRS workers accumulate, although CSRS employees do have superior pension benefits.
How can I access my TSP account?
Password
- Go to secure.tsp.gov to access My Account.
- Select the link, Reset password.
- Enter your user ID. – OR –
- Select the Submit button.
- Select how you want to verify your identity.
- Select the Submit button.
- Follow the prompts to verify your identity and select the Submit button.
- Enter your new password.
How do I check my FERS balance?
How can I find out the balance of my retirement account? If you are a current employee, you should contact your human resources office. If you have separated from federal service or are currently a retiree, you should contact OPM’s Retirement Office at 1-888-767-6738 or [email protected].
What form do I use to rollover my TSP to an IRA?
A transfer or “direct rollover” occurs when the eligible plan sends all or part of your money to the TSP. Use Form TSP-60, Request for a Transfer Into the TSP, for tax-deferred amounts. To transfer Roth money, use Form TSP-60-R, Request for a Roth Transfer Into the TSP.