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The '''Thrift Savings Plan (TSP)''' is a defined contribution [[pension]] plan for United States government civilian employees and members of the uniformed services.  It was started in 1987 as a major component of the [[Federal Employees Retirement System]] (FERS), the overhauled retirement system for new civilian employees.  As of December 31, 2017, the TSP has approximately 5.2 million participants (of which approximately 3.1 million are active participants via payroll deductions) and over $550 billion in assets under management.<ref>https://www.frtib.gov/ReadingRoom/FinStmts/TSP-FS-Dec2017.pdf</ref>

The '''Thrift Savings Plan (TSP)''' is a defined contribution [[pension]] plan for United States government civilian employees and members of the uniformed services.  It was started in 1987 as a major component of the [[Federal Employees Retirement System]] (FERS), the overhauled retirement system for new civilian employees.  It is managed by an independent agency, the '''Federal Retirement Thrift Investment Board'''.

 

As of December 31, 2017, the TSP has approximately 5.2 million participants (of which approximately 3.1 million are active participants via payroll deductions) and over $550 billion in assets under management.<ref>https://www.frtib.gov/ReadingRoom/FinStmts/TSP-FS-Dec2017.pdf</ref>

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.<ref>The law allows the Department of Defense to designate any military position as eligible for matching contributions; none has been so designated.  A small pilot program, operated by the Army during the later 1980's, allowed for matching contributions for enlistees.  The program has since ended and as of December 31, 2017 only six Soldiers are still serving and receiving matching contributions.</ref>

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.<ref>The law allows the Department of Defense to designate any military position as eligible for matching contributions; none has been so designated.  A small pilot program, operated by the Army during the later 1980's, allowed for matching contributions for enlistees.  The program has since ended and as of December 31, 2017 only six Soldiers are still serving and receiving matching contributions.</ref>

==External Links==

==External Links==

[https://www.tsp.gov/index.html Thrift Savings Plan]

[https://www.tsp.gov/index.html Thrift Savings Plan]

[[Category:Retirement]]

[[Category:Retirement]]

[[Category:United States Government]]

[[Category:United States Government]]