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Thrift Savings Plan TSP

TSP Forms. TSP

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Thrift Savings Plan TSP

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    1. Thrift Savings Plan (TSP) TSgt Howard Bentley Human Resources Specialist CAJS J1-HR-CS

    2. TSP Forms TSP – 1 TSP – 1 – C TSP – 3 TSP Make Up Requests Request form LES’s (If applicable) Retroactive TSP – 1 (If applicable) Other Forms

    3. TSP – What’s New for 2009 Elective Deferral Limit is $16,500 I.R.C. Section 415(c) Limit is $49,000 Catch-Up Contributions limit is $5,500   Must be age 50 or older or become age 50 in the calender year Must be contributing the maximum amount ($16,500) to regular TSP Employee Contributions — There are no longer any percentage limits on employee contributions to the TSP.  TSP contributions are limited only by the restrictions imposed by the Internal Revenue Code. Elective Deferral Limit (I.R.C. Section 402(g)) — The elective deferral limit for 2009 is $16,500. The limit for 2008 is $15,500.  See the Fact Sheet "Annual Limit on Elective Deferrals." I.R.C. Section 415(c) Limit — The limit for 2009 is $49,000.  The limit for 2008 is $46,000. Catch-Up Contributions — The limit on catch-up contributions for 2009 is $5,500.  The limit for 2008 is $5,000.  If you are at least age 50 (or will become age 50 during the calendar year) and if you have made or will make the maximum amount of employee contributions for the calendar year (e.g., $16,500 in 2009), you may also make catch-up contributions to your TSP account.  See the Fact Sheet "Catch-Up Contributions." Participant statements are on line in Account Access on this web site.  Click on Your TSP Participant Statement for more information. Loan interest rate for new loans is 2.750%. Employee Contributions — There are no longer any percentage limits on employee contributions to the TSP.  TSP contributions are limited only by the restrictions imposed by the Internal Revenue Code. Elective Deferral Limit (I.R.C. Section 402(g)) — The elective deferral limit for 2009 is $16,500. The limit for 2008 is $15,500.  See the Fact Sheet "Annual Limit on Elective Deferrals." I.R.C. Section 415(c) Limit — The limit for 2009 is $49,000.  The limit for 2008 is $46,000. Catch-Up Contributions — The limit on catch-up contributions for 2009 is $5,500.  The limit for 2008 is $5,000.  If you are at least age 50 (or will become age 50 during the calendar year) and if you have made or will make the maximum amount of employee contributions for the calendar year (e.g., $16,500 in 2009), you may also make catch-up contributions to your TSP account.  See the Fact Sheet "Catch-Up Contributions." Participant statements are on line in Account Access on this web site.  Click on Your TSP Participant Statement for more information. Loan interest rate for new loans is 2.750%.

    4. TSP - Website

    5. TSP – Account Capabilities Account Balance Participant Statements Contribution Allocations Interfund Transfers Loans Withdrawals Create Your Own PIN Most Recent Transactions IRS Form 1099-R

    6. TSP – Contact Information Can be done via phone or web: 1-TSP-YOU-FRST (1-877-968-3778) www.tsp.gov

    7. TSP – Common Problems Wrong form (military vs civilian) Not contributing for 10, 20, or 30 years Putting a $ amount for % Missing signatures – member/witnesses Submitting Make-Up Form No organization shown on TSP-1 Address changes

    8. Thrift Savings Plan (TSP) Questions?

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