May 06, 2017 · Thrift Savings Plan questions - cant get a straight answer Post by JD1967 » Wed Feb 02, 2022 8:50 pm Hello everyone thanks in advance for any/all feedback question regarding the federal thrift savings plan Unlike traditional savings accounts, DCP is tax-deferred — it lowers your taxable income while you are working and it delays payments of income taxes on your investments until you withdraw your funds. Employers can count on award-winning persona-based education to help employees get the most from their HSA benefit. In a separate package you will also receive a password for TSP account login at www. It is similar to 401(k) accounts. Common Proxies for TSP (Thrift Savings Plan)-U. The Thrift Savings Plan (TSP) is the federal government’s equivalent of a 401 (k) for its employees. The amount in their account is what has Welcome to the Thrift Savings Plan S:\MLODGE\PMBOOKS\PlanSummary\Summary2010a. The account type was created through the Federal Employees’ Retirement System Act of 1986. Congress established the TSP in the Federal Employees’ Retirement System Act of 1986. Whether it’s due to a drastic setback or a series ofBefore most students graduate high school, many will have earned a basic understanding of various subjects. Website (858) 842-2197. About us. The maximum contribution for military service members who are in combat zones is ,000 in 2021, increasing to ,000 in 2022. If you're 50 or older, your plan 30 gru 2021 The Internal Revenue Service (IRS) has announced the Thrift Savings Plan (TSP) elective deferral limit for 2022 will increase to 500 per 27 wrz 2021 The TSP is a retirement savings and investment plan for civilian employees of the United States Government and members of the uniformed services Thrift Savings Plan Early Distribution Considerations · Withdrawals can be made while employed with the uniformed services/federal government. 27 wrz 2021 The TSP is a retirement savings and investment plan for civilian employees of the United States Government and members of the uniformed services 26 paź 2021 The move is part of a . Value for money. This request applies to my: Civilian Account OR Uniformed Services Account Jan 04, 2022 · Thrift Savings Plan (TSP) Summary of Returns. Then your agency makes an additional contribution on your behalf into your account (see table below) by matching the first 3% of your contributions dollar for Feb 17, 2021 · Thrift Savings Plan Match Information. 40. Learn about TreasuryDirect. Eligibility Jul 07, 2021 · Neither Raymond James, the Financial Advisors, STWS, nor Mr. , before you reach the age of 59½. Your agency can match up to 5% of what you contribute, and the funds you put in are yours — whether you A Thrift Savings Plan is a retirement saving plan exclusively offered to Federal employees and members of the uniformed services. Changes to your allocations are made through TSP Account Access or by calling the ThriftLine (1-877-968-3778). It was established by Congress in the Federal Employees’ Retirement System Act of 1986 and offers the same types of savings and tax benefits that many private corporations The Thrift Savings Plan (TSP) is a federal government-sponsored retirement savings and investment plan. Federal Retirement Thrift Investment Board. You will find everything you need to know there. 50% last month and -1. 1-877-968-3778. If you are turning 50 or older, you will no longer need to make separate catch-up elections to your TSP account each year. With over 5 million civilian and uniformed services Dec 27, 2021 · Thrift Savings Plan. Dec 16, 2018 · Combat Zone Contributions to the Thrift Savings Plan. Even though you don’t have to pay income tax on the withdrawal, you still have to take an RMD. , Mon - Thu. See full list on opm. It’s the reason why people save, scrimp and budget their money. INFORMATION ABOUT YOU 1. The combined result is a retirement savings plan you cannot afford to The Citi Retirement Savings Plan (Plan) enables you to plan for retirement and supports you in achieving your savings goals. At the end of 2017, there were 23,962 TSP millionaires – an increase of almost 150% from two May 07, 2021 · The Thrift Savings Plan (TSP) is a retirement plan for federal government employees and members of the military. May 20, 2019 · The Thrift Savings Plan (TSP) is a Federal Government-sponsored retirement savings and investment plan. The combined result is a retirement savings plan you cannot afford to Generally,profit sharing plan, also called as stock bonus, means the contribution plan. In an email Wednesday, the Federal Retirement Thrift Investment Board, which manages the plan, announced the upcoming changes, which should take effect by this summer. Most courses are equipped to provide students with a basic knowledge of overall concepts relating to calculus, English literature an About us | Thrift Savings Plan www. For quite some time now, I've been enviously looking in from the outside at Sep 21, 2017 · Even though the TSP doesn’t offer value options, you can supplement your government retirement plan with an outside account. e. Share Report. Dec 03, 2020 · The Thrift Savings Plan (TSP) is changing the way catch-up contributions are elected and withheld starting start in January, 2021. It’s a retirement savings account a lot like a 401k. Last year, the average net expense was around 29 cents for Feb 13, 2020 · As a federal employee your Thrift Savings Plan (TSP) is one of your most valuable benefits. It is similar to the 401(k) plans offered by employers in the private sector. Ho lavorato a tempo pieno presso Bargain Hunters Thrift Store (Più di un anno). TSP is a 403 (a) retirement plan, which is similar to a 401 (k), but is a section of the Internal Revenue Code that allows for salary deferments. Feb 04, 2019 · At the end of December 2016, there were 9,599 millionaires in the Thrift Savings Plan (TSP). For FERS employees, it is essential that you make contributions to the TSP if you hope to enjoy a comfortable retirement. Understanding the (Fund)amentals § 8437. O. The TSP is a defined contribution plan, which means each TSP participant has their own individual account. Barger and Frank Dunlevy to the five-member Thrift board, which administers the 9. Learn more >. It was established by the Federal Employees’ Retirement System Act of 1986, and the plan is administered by the Federal Retirement Thrift Investment Board. My Account. Aggregate Bond Index per this link. Unlike a pension, retirement income from your TSP is dependent on the money you have The Thrift Savings Plan (TSP) is a valuable way to save for your retirement. Active- THRIFT SAVINGS PLAN The Thrift Savings Plan (TSP) is a retirement savings and investment plan for federal employees and uniformed Service members. Congress established the TSP in the Federal Employees' The TSP is designed solely for federal employees who want to save money for retirement. This request applies to my: Civilian Account OR Uniformed Services Account 2. Choose menu option #3 to speak to a Customer Service Representative, Monday through Friday, 9 a. You only pay taxes on contributions and earnings when the money is withdrawn. This plan offers the same types of savings and tax benefits that many private As you know, the Thrift Savings Plan (TSP) is an extremely important part of the federal retirement system. TreasuryDirect: Log in. Instead, this article will cover recent changes to the withdrawal rules of the government Thrift Savings Plan, and […] Dec 03, 2020 · The Thrift Savings Plan (TSP) is changing the way catch-up contributions are elected and withheld starting start in January, 2021. The amount of retirement income an employee will receive depends on the amount the employee and their federal agency, if We encourage you to visit the official Thrift Savings Plan web site for government employees. It offers the same type of savings 6 sie 2021 The TSP is a retirement savings program for civilians and members of the armed forces who are employed by the United States Federal Government. Employees contribute to the TSP by payroll deduction. Jun 23, 2009 · Thrift Savings Plan. It was established by Congress in the Federal Employees' Retirement System Act of 1986 and offers the same types of savings and tax benefits that many private corporations offer Thrift Savings Plan P. The TSP is widely recognized as one of the finest, most elegantly simple, and popular retirement plans of its kind. It has over 4. Everyone hates it until you need it. 30% Off Thrift Books Coupon Codes for February 2022 Extrabux. In exchange for these benefits, the § 8437. D' Luxe Thrift Store, Inc. my son is a new E3 assigned to WHEC 723. Each year, you can contribute up to the annual limit, and earnings accumulate over time. Let’s clarify your spouse’s rights to the money in your TSP. Thrift Savings Plan TSP Requested Roth withdrawal of ,000. 1-877-968-3778 · For help with TSP Account passwords, loans, interfund transfers, contribution allocations, designation of beneficiaries, and withdrawals. 10. This Fact Sheet is an introduction to the Thrift Savings Plan (TSP), a retirement savings and investment plan for federal employees and Uniformed Service members. You are able to contribute a percentage (or flat amount) of your pay (pre-tax) into your account. Performance Audit of the Status of Certain Thrift Savings Plan Prior Year Recommendations No. Fortunately for you, this is the most straightforward of all the retirement plans available to American workers. 30. Mar 13, 2013 · The Thrift Savings Plan is a retirement savings and investment plan for federal employees and members of the uniformed services, including the Ready Reserve. Using index funds and ETFs, nongovernment employees can replicate most--but not all--of the TSP's spartan lineup. As of Dec 31, 2020, there are approximately 6. However, those Nov 19, 2020 · Alight Solutions to team with Accenture Federal Services to provide defined contribution recordkeeping services to the Federal Thrift Savings Plan November 19, 2020 01:11 PM Eastern Standard Time Feb 05, 2021 · As expected, Mr. Aug 31, 2021 · Basic Info. It offers the same type of savings and tax benefits that many private corporations offer their employees under "401 (k)" plans. Oct 31, 2021 · TSPcenter. That's a ,000 increase from 2021. The Federal Employees Retirement System (FERS) is an example of such a plan. 2 billion in assets under management in the TSP. Sep 21, 2017 · Even though the TSP doesn’t offer value options, you can supplement your government retirement plan with an outside account. For Jesus said in John 10:10, “The thief cometh not, but for to The Thrift Savings Plan (TSP) is a defined contribution plan similar to the 401K plans offered in the private sector or traditional IRA plans. Would you agree that it would be in her best interest to go: G-Fund 70%, C-Fund 20%, and S-Fund 10%. TSP. We train our employees in a range of career fields to enable them to find work specific to their skills. . Is the TSP a 401k? Not exactly, but they share a number of similarities as follows: While the TSP isn’t… The Best TSP Allocation. The National Defense Authorization Act for Fiscal The Thrift Savings Plan (TSP) is a defined contribution plan for United States civil service employees and retirees as well as for members of the uniformed The TSP is a retirement savings and investment plan for federal employees. October 31, 2019. Similar in many ways to the 401 (k) plans that private employers offer, the Thrift Savings Plan, or TSP for short, gives Mar 12, 2020 · If you have access to a Thrift Savings Plan, know that it provides a great retirement savings option. The F Fixed Income Fund tracks the Barclays Capital U. 3 billion contract to consolidate multiple service contracts at the Federal Retirement Thrift Investment Board. Cash paper savings bond. Government. Oregon College Savings Plan accounts are not guaranteed by the Oregon Treasurer’s Office, the State of Oregon, any state agency or subdivision thereof, or their authorized agents or affiliates. Since 1968, arc Thrift Stores has proudly done our part every day to help make our state the best place to live and work. In TSP Talk you will get information on each of the TSP funds including market analysis, TSP fund returns, and recommended TSP fund allocations. Accounting and information § 8440. The URL for their web site is www. For Jesus said in John 10:10, “The thief cometh not, but for to The Thrift Savings Plan (TSP) is a retirement savings and investment plan for federal employees and members of the military. In 2001, the Thrift Savings Plan became eligible for military members through the National Defense Authorization Act, which was originally only for Federal civilian employees. Tax treatment of the Thrift Savings Fund § 8440a. Dec 13, 2021 · The Federal Thrift Savings Plan (TSP) is a retirement savings plan for civilian and military employees of the United States Government. The Federal Retirement Thrift Investment Board (FRTIB), an independent government agency, administers the plan. Bill To Amend The Thrift Savings Plan. Feb 04, 2022 · ***The Thrift Savings Plan (TSP) is a retirement savings and investment plan for Federal employees and members of the uniformed services, including the Ready Reserve. Saving money doesn't come easy to most people, but the military offers two programs to help you out. But sometimes, they fall behind on their efforts. Sep 27, 2021 · The Thrift Savings Plan, also known as the TSP, was introduced in 1986 as part of the Federal Employees’ Retirement System Act. The TSP offers Federal employees the same type of saving and tax benefits that many private corporations The TSP is a retirement savings plan (similar to a 401K) for civilian Federal government employees. You can use SPY to proxy this. – 39. It is the most flexible component of the FERS, as it allows the employee to determine their contribution. Contact the Thriftline. I am a . The TSP encompasses many millions of investors and has substantial assets. Listen. The TSP is well known for its incredibly low fees. Through the Thrift Savings Plan, you can put some of your pay toward retirement savings. Apr 23, 2003 · The Thrift Savings Plan (TSP) is a retirement savings and investment plan for federal employees, governed by the Federal Retirement Thrift Investment Board (the TSP Board). com and FantasyTSP are free tools to study and discuss the Thrift Savings Plan. At the risk of disappointing the readers, this article will not be discussing chemistry, food science, or the Grammy Award-winning alternative rock band. The Thrift Savings Plan (TSP) is a federal retirement savings and investment plan similar to 401 (k) plans offered by private sector companies. The Thrift Savings Plan is used by federal employees as a savings and investment plan for retirement. Effective July 1, 2005 contribution elections will be processed under the new rules - that is, the elections must be made effective no later than the first full pay period after they are filed. · An early 5 sty 2022 Definition of thrift savings plan (TSP) · It is a kind of retirement investment programme. You can use AGG to proxy this. You know you need insurance, but how much? What types are critical? You want to be protected but you don’t want to pay for superfluous or redundant coverage. 110 909 meeldimist · 194 inimest räägivad sellest. The Plan offers a number of From New York Times Best Sellers to all the latest book releases, discover reads you'll love whether you're interested in the best new books for children, mysteries and thrillers, history, sci-fi, fiction, true crime, and much more. Computer Access and Security Controls. In private industries, this type of arrangement is called a 401(k), and in a nonprofit organization, a 403(b). The TSP will not contact federal employees about investment opportunities and does not authorize third parties to provide counseling or investment-related services to anyone. The TSP is a defined contribution plan. Did you know that Americans saving for retirement have more money in . Fund Comparison Chart Summary of Returns TSP – L Fund TSP – I Fund TSP – S Fund TSP – C Fund TSP – F Fund TSP – G Fund Fund Comparison Chart The chart below provides a comparison of the available TSP funds. The Traditional TSP (referred to as TSP for simplicity) and Roth TSP Bill To Amend The Thrift Savings Plan. Brokers get a partner they can rely on to ensure easy onboarding and attentive ongoing account management. Congress established the TSP in the Federal The Internal Revenue Code places specific limits on the amount that you can contribute to employer-sponsored plans like the TSP each year. A description of each of the TSP funds here. Welcome to the Thrift Savings Plan 0,000 0,000 0,000 0,000 0,000 0,000 0,000 0,000 0,000 0 After 10 yrs After 20 yrs After 30 yrs After 40 yrs Contributions Earnings Earnings Potential of Your TSP Account** 57,785 173,914 407,294 876,309 T otal Account Balance Aug 20, 2020 · Federal Employees. Jul 16, 2020 · Thrift Savings Plan Contributions In A Combat Zone With The Blended Retirement System. Sep 28, 2020 · Individuals 50 or older get to contribute an extra ,500, for a total of a ,000 maximum employee annual contribution. The Internal Revenue Service developed the Thrift Savings Plan with a number of tax benefits for federal employees. Jan 15, 2018 · Thrift Savings Plan–Taxes and IRS Withdrawal Penatlies Jan 15, 2018 So far in this series, we have covered the basics of the Thrift Saving Plan , employee and agency contributions , the differences between Traditional and Roth TSP accounts, loans , in-service and post-separation withdrawals , and life annuities . case concerning whether a Thrift Savings Plan (TSP) account is property of the. The current TSP Timing strategies were introduced on 8/31/2020. 6 billion Thrift Savings Feb 03, 2020 · — The Thrift Savings Plan (TSP), the federal government’s version of a 401(k). OVERVIEW. What to know about the new Thrift Savings Plan funds manager. The Thrift Savings Plan (TSP) is a defined-contribution plan for Federal civil service employees and retirees. GOV. Your best bet is a Roth IRA, to which you can contribute up to ,500 Start studying THE THRIFT SAVINGS PLAN. Professionalism. This new phase of beginning to use your money may cause concerns about ensuring you never run out of money in retirement. May 16, 2010 · Thrift Savings Plan - The Model for all 401 (k) Plans! By Allan Roth. Nov 16, 2020 · Thrift Savings Plan (TSP) Overview . Ask them for help getting started with how to get the most out of this The Thrift Savings Plan (TSP) is a voluntary retirement savings and investment plan for federal employees. HealthSavings helps people meet their goals for health and financial wellness. Mar 15, 2017 · TSP stands for Thrift Savings Plan. Just as with a 401 (k), employees can make contributions to this type of account from their paychecks. The Thrift Savings Plan is a defined-contribution plan created by the Federal Employees' Retirement System Act of 1986 (ERISA) to supplement FERS (Federal Employees Retirement System) benefits. However, those Sep 01, 2020 · The NALC has received notification from the Postal Service that leave taken under the Families First Coronavirus Response Act is not eligible for retirement and Thrift Savings Plan (TSP) deductions. GL-609302-97 -4-5/ Like ERISA-qualified plans, TSP accounts are generally protected from Nov 10, 2020 · The rule states that if your retirement funds are divided about evenly between bonds and stocks, you could withdraw 4% annually with a high probability of not running out of money over a 30-year Thrift Savings Plan (TSP) Your Thrift Savings Plan (TSP) works like a 401 (k) plan. Dec 18, 2018 · The Thrift Savings Plan already offers a free calculator showing how your retirement savings can be converted into a single lifetime, joint lifetime, or inflation-indexed annuity (and even a few more exotic options related to non-spouse beneficiaries), and I haven’t been able to find another company offering better terms. For help with TSP Account passwords, loans, interfund transfers, contribution allocations, designation of beneficiaries, and withdrawals. Find the basics about participating - Eligibility, contributions, loans, withdrawals, setting up and managing your account. to 7 p. gov/about-us The Thrift Savings Plan (TSP) is a retirement savings and investment plan The Thrift Savings Plan (TSP) is a tax-deferred retirement savings and investment plan that offers Federal employees the same type of savings and tax A thrift savings plan (TSP) is a type of retirement investment program open only to federal employees and members of the uniformed services, including the 10 gru 2021 A TSP is a defined-contribution retirement plan for federal employees and uniformed service members. Jun 29, 2016 · The Thrift Savings Plan is the retirement plan for most federal workers. Federal Employees may access and monitor TSP Allocation in a risk-free trial for three months without joining. Contributions are deducted from a member s pay before taxes are computed. com/work-with-us/The FERS Pre-Retirement Course: The Ultimate Guide: 20 kwi 2020 The Thrift Savings Plan (TSP) is a Federal Government-sponsored retirement savings and investment plan. Saving, and even maxing out your contributions to TSP is normally thought of as a good thing. TSP allows federal employees to contribute bi-weekly to a retirement savings and investment plan Vesting in the Thrift Savings Plan 5-4 IV. Account Maintenance Process. It offers savings and tax benefits similar to private sector 401(k) plans and acts as a supplement to military retirement pay. The Thrift Savings Plan (TSP) is a retirement savings and investment plan for federal employees and members of the military. A Thrift Savings Plan, or TSP, is a type of retirement investment account designed for federal employees and members of the military. The fees are very low. 32. This plan is similar to private sector 401(k) plans. Established by the Federal Employees’ Retirement System Act of 1986, the TSP had some 4. We understand your concern and ready to answer all The Federal TSP Cookbook: Investment Recipes For The Thrift Savings Plan|R of your questions. Bankruptcy judges and magistrate judges § 8440c. 554 likes · 12 talking about this. A thrift savings plan (TSP) is a type of retirement investment program open only to federal employees and members of the uniformed services, including the Ready Reserve. As a Federal 2 lis 2020 The Federal Retirement Thrift Investment Board will host several Thrift Savings Plan (TSP) webinars during November and December. The Thrift Savings Plan (TSP) is a retirement plan for Federal employees. Thrift Savings Plan Monthly Returns. I’m a novice with the market but the Thrift Savings Plan. Similar in many ways to the 401 (k) plans that private employers offer, the Thrift Savings Plan, or TSP for short, gives Aug 06, 2021 · Thrift Savings Plan Details. 37%, compared to 1. R. Dec 28, 2015 · The Thrift Savings Plan, or TSP — the government’s version of a 401(k) for federal employees — has its supporters and detractors. Thrift Savings Plan (TSP) The Thrift Savings Plan (TSP) is a retirement savings and investment plan. General satisfaction. The Thrift Savings Plan (TSP) is a retirement benefit offered to employees of the U. To read today's top news stories on federal employee related news visit FederalDaily. 208 TO AMEND TITLE 5, UNITED STATES CODE, TO ALLOW FOR THE CONTRIBUTION OF CERTAIN ROLLOVER DISTRIBUTIONS TO ACCOUNTS IN THE THRIFT SAVINGS PLAN, TO ELIMINATE CERTAIN WAITING-PERIOD the financial institution or plan to which the funds are being transferred, I certify that the financial institution or plan agrees to accept the funds directly from the Thrift Savings Plan and deposit them into the IRA or eligible employer plan identified above. Pensions Core Course 17 lip 2017 More than half of the 55 million Americans who are not offered a retirement plan through their employers work for small businesses. ) The Thrift Savings Plan (TSP), which Congress authorized in the Federal Employees’ Retirement System Act of 1986, is a retirement savings and investment plan for federal employees. Savings Plus is the program that offers the 401(k) and 457(b) plans available to most State of California employees, including employees of the Legislature, Judicial, and California State University (CSU) system, and Part-time, Seasonal, and Temporary (PST) Employee Retirement Program. If you do not make an election, Citi will automatically enroll you in the Plan at a 6% savings rate on a before-tax basis. It is similar to 401 (k) plans that may be offered by civilian employers and offers low-expense retirement investment options. Consider investment objectives, risks, charges and expenses before investing. Rate your experience with Thrift Savings Plan. tsp. The TSP offers the same types of savings and tax benefits that private companies offer their employees under the 401 (k) plans. mil/training-resources/podcasts/thrift-savings-plan-and-savings-deposit-program-information Saving money doesn't come easy to most people, but the military offers two programs to help you out. 28 Trust Agreement "B" between Albany Savings Bank, FSB and The First National Bank of Boston, successor trustee to Nationar, for the Albany Savings Bank, FSB Incentive Savings and Employee Stock Ownership Plan (incorporated herein by reference to Exhibit 10. Find out more about the federal government's Thrift The Thrift Savings Plan (TSP) is one aspect of your Service member's retirement plan that can help your family save in a tax-advantaged way. 3 4 You can set aside an additional ,500 in catch-up savings if you're age 50 or older. The TSP funds all lost ground last month, except the G Fund. Where do I enter my 401 (k) or Thrift Savings Plan (TSP) contribution? If you have a 401 (k) or TSP through your employer, your contribution is reported in Box 12 of your W-2 with the letter code D. Jul 06, 2011 · Thrift savings plans: Retirement plans done right By Walter Updegrave July 6, 2011: 12:44 PM ET NEW YORK (Money) -- As an active duty Marine, I'm eligible to contribute to the thrift savings plan. Mar 15, 2021 · Are you taking advantage of Thrift Savings Plan matching? For FERS employees, the matching inside the Thrift Savings Plan is the greatest advantage you have when building your balance. Contributions can be a set amount or a percentage of pre-tax income. THRIFT SAVINGS PLAN The Thrift Savings Plan (TSP) is a retirement savings and investment plan for federal employees and uniformed Service members. 61 million participants and more than 8 billion in assets under management as of Nov 26, 2019 · TSP: a common abbreviation for Trisodium Phosphate, Textured Soy Protein, and The Smashing Pumpkins. If you call, you should remember that Monday and Tue Oct 02, 2012 · A Thrift Savings Plan, or TSP, retirement account from military service can be redeployed. Choose The Thrift Savings Plan (TSP) is a Federal Government-sponsored retirement savings and investment plan. If not familiar with the TSP feature under the new retirement system, it is an investment plan where after 60 days of service, a servicemember can contribute a percentage or fixed dollar amount each month into an account that is then rolled into a TSP-managed May 24, 2018 · The Thrift Savings Plan vs. Make sure to tune in each Sunday at 6:30pm EDT for the Facebook Live show! The Federal Long Term Care Insurance Program. government the opportunity to set money aside The Thrift Savings Plan (TSP) is an essential component of the three-tiered Federal Employees Retirement System (FERS): A FERS annuity, and Social Security 17 gru 2021 The maximum amount you can contribute to a TSP account for 2022 is ,500. IT Operations Management. The TSP is a retirement savings and investment plan for Federal employees. It offers federal employees and members of the uniformed services (both military and non-military) a retirement plan with low fees and diversified investment options. will I receive matching contributions to the Thrift Savings Plan?TSP Investments | Federal employees - learn more about your Thrift Savings Plan options as you plan your retirement goals. For quite some time now, I've been enviously looking in from the outside at Thrift Savings Plan accounts currently worth million have not been claimed. Then your agency makes an additional contribution on your behalf into your account (see table below) by matching the first 3% of your contributions dollar for Saving money doesn't come easy to most people, but the military offers two programs to help you out. There are multiple withdrawal options when discontinuing the TSP. Eligibility. 401(k) Plans The Thrift Savings Plan, or TSP, is the Federal government’s version of a 401(k) plan and if your goal is better understanding the TSP, we have written an overview of the plan . It’s the Department of Defense’s (DoD) version of a 401(k). gov website. Unlike a pension, retirement income from your TSP is dependent on the money you have Oct 06, 2021 · The Federal Employees Retirement System Act of 1986 regulates thrift savings plan (TSP) that is a kind of retirement savings plan. Saving for your retirement through the. The TSP provides federal employees with the same savings and tax benefits that many private employers offer their employees