VA and Federal employees please step inside

SIGforum

This topic can be found at:
https://sigforum.com/eve/forums/a/tpc/f/320601935/m/6460049054

December 20, 2018, 10:10 AM

dlayne

VA and Federal employees please step inside

TSP is 4% matching to your 5% contribution.

December 20, 2018, 10:11 PM

DMF

"As a FERS or BRS participant, you receive matching contributions on the first 5% of pay that you contribute each pay period. As the table below shows, the first 3% of pay that you contribute will be matched dollar-for-dollar; the next 2% will be matched at 50 cents on the dollar. Contributions above 5% of your pay will not be matched. If you stop making regular employee contributions, your matching contributions will also stop. "

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December 20, 2018, 10:16 PM

DMF

quote:
Originally posted by dlayne:
TSP is 4% matching to your 5% contribution.

Plus the automatic 1% agency contribution. You must contribute a minimum of 5% to get the entire 5% amount from the agency. 1% agency automatic contribution, plus 4% matching funds, for a total of 5% from the agency. Despite the semantics of the 1% versus the 4%, most people just refer to the entire 5% contribution by the agency as "matching" funds.

December 21, 2018, 08:16 AM

AirmanJeff

quote:
Originally posted by DMF:
quote:
Originally posted by dlayne:
TSP is 4% matching to your 5% contribution.
Plus the automatic 1% agency contribution. You must contribute a minimum of 5% to get the entire 5% amount from the agency. 1% agency automatic contribution, plus 4% matching funds, for a total of 5% from the agency. Despite the semantics of the 1% versus the 4%, most people just refer to the entire 5% contribution by the agency as "matching" funds.

A lot of people don't know about the automatic 1% contribution, or the TSP in general. It's surprising considering how important the TSP is to a fed retirement.

December 21, 2018, 10:17 AM

onpointgun

I never liked the GEHA plan. I was always a fan of the Mail Handlers insurance. But I currently have the Blue Cross Blue Shield.

I will be swift in my attack. My venom is packed with enough pride and gun powder to take down
any adversary that attempts to tread on my freedom. You've been warned, but if you
still want to test me, take a step forward.