Changes

All employees and uniformed members may enroll and withdraw from the TSP at any time, as often as desired.  However, only civilian employees under FERS are eligible for matching contributions.

All employees and uniformed members may enroll and withdraw from the TSP at any time, as often as desired.  However, only civilian employees under FERS are eligible for matching contributions.

New FERS employees are automatically enrolled upon hire and have 3% of their pay automatically deducted, unless they choose to withdraw.  Employees are automatically established a TSP account with 1% of their pay deposited (even if not participating, this does not stop), and are additionally matched at dollar-for-dollar up to the first 3% of pay, then at $0.50/$1 for the next 2% (thus, at 5% of pay, with automatic and matching contributions an additional 5% is deposited).  Employees may contribute above that (in terms of whole percentages or whole dollar amounts only) up to IRS limitations, but those contributions are not matched.  Also, "catch-up" contributions are allowed for employees age 50 or older up to IRS limitations, but those contributions are also not matched.

New FERS employees are automatically enrolled upon hire and have 3% of their pay automatically deducted, unless they choose to withdraw.  Employees are automatically established a TSP account with 1% of their pay deposited (even if not participating, this does not stop), and are additionally matched at dollar-for-dollar up to the first 3% of pay, then at $0.50/$1 for the next 2% (thus, at 5% of pay, with automatic and matching contributions an additional 5% is deposited).  Employees may contribute above that (in terms of whole percentages or whole dollar amounts only) up to IRS limitations, but those contributions are not matched.  Also, "catch-up" contributions are allowed for employees age 50 or older up to IRS limitations (whole dollars only), but those contributions are also not matched.

Employees are automatically vested for their contributions and associated earnings on those from day one, but are not vested in automatic/matching contributions and associated earnings on those until three years after employment (two years in some cases); if the employee leaves those contributions are forfeited (and used to pay administrative fees, which makes the TSP among the lowest-cost plans available).

Employees are automatically vested for their contributions and associated earnings on those from day one, but are not vested in automatic/matching contributions and associated earnings on those until three years after employment (two years in some cases); if the employee leaves those contributions are forfeited (and used to pay administrative fees, which makes the TSP among the lowest-cost plans available).