![]() ![]() ![]() Manage communications regarding your TSP account activity.Expanded support options to include ThriftLine representatives, 24/7 virtual assistance and secure mailboxes.From expanded support options to a new mobile app, TSP's newest features focus on making retirement planning and account management easier. TSP participants are encouraged to review the Summary or Changes and updated Plan Summary to learn about how the new TSP features can impact their account or enhance their experience. TSP is continually expanding the features and tools available to help federal employees better manage their retirement savings. Participants can unlock their account should they forget their username or password. Once My Account is set up, you can use your new username and password to access your TSP account. Secure your account with one of the multi-factor authentication options (text, voice call or authenticator app).Enter the verification number to access the username and password feature.TSP will either text, call or mail you verification information, based upon the contact preferences you select.Enter your name, date of birth and social security information to locate your account.The process is simple, secure and can be completed from any government or personal device: Effective June 8, 2022, all TSP participants must complete a one-time process to set up a new login for their new My Account. TSP participants can access their account information online. Visit TSP.gov for additional information on managing your plan, fund options and performance, investment planning and using you savings before and during your retirement. TSP's website also offers easy-to-follow guides such as: Summary of the Thrift Savings Planprovides federal employees information on establishing and managing their TSP accounts, as well as accessing account funds. Employees who opt out of TSP have 90 days from the date of their first contribution to request a refund of automatic enrollment contributions and earnings. The automatic enrollment amount increased from 3% to 5% of an employee's basic salary on October 1, 2020.ĬBP employees must use the electronic payroll system, NFC EPP, to start, change or stop any payroll deductions contributing to their TSP account. TSP's How TSP Fits Into Your Retirementexplains how your hire date and retirement system impact automatic enrollment contributions. Federal employees hired or rehired after August 1, 2010, are automatically enrolled in TSP. Important Update: TSP beneficiaries must be reestablished Understanding TSPĮmployees contribute into their TSP account via payroll deductions and are eligible for matching contributions from the government. As a defined contribution plan, the retirement income you receive from TSP depends on the contributions made during your working years. TSP is administered by the Federal Retirement Thrift Investment Board and is the largest defined contribution plan in the world. ![]() Thrift Savings Plan (TSP) is the federal government's retirement savings and investment plan and offers many of the same types of savings and tax benefits as 401(k) plans used by private employers. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |