EmpowHR: Section 8 - ESS

Thrift Savings Plan

The TSP transaction allows you to specify a percentage of pay (up to 99 percent) or whole dollar amount to contribute to your TSP each pay period. Your total contributions for the year may not exceed the IRS limit. When changing your TSP contribution amounts, please enter either a percentage or whole dollar amount. Do no enter both.

Federal Employees Retirement System (FERS) employees should refer to the TSP Fact Sheet, Annual Limit on Elective Deferrals, dated November 2, 2005, available on www.tsp.gov to ensure your contribution will receive the maximum Agency matching.

Before beginning, the following information is needed: (Refer to Form TSP-1, Election Form - Thrift Savings Plan.)

• The type of action (enrolling, changing, stopping contributions).
• The percent of contribution or the amount of contribution.
• The time of the action (whether action is being processed during an open season).