Currently there is no waiting period for CSRS and FERS employees. The amount an employee is allowed to contribute per year is currently $18,000 for those under age 50. For those participants older than age 501, they may contribute an extra $6,000 a year. CSRS employees are allowed to participate in the TSP program, but they are not matched on their contributions.

FERS participants are matched 100 percent on the first 3 percent of their pay that is contributed and 50 percent on the next 2 percent of their pay. FERS also contributes 1 percent automatically for their participants. Currently, an employee is immediately vested in their contributions and the agency matching, but may have to wait up to three years to be vested in the agency automatic contributions (1 percent).

There are multiple options regarding TSP fund choices and loans, which have differing eligibility requirements. Within that, there are also varying options for your TSP when you reach retirement:

  • Take it out.
  • Defer with TSP.
  • Payments.
  • Self-directed IRA.

1https://www.tsp.gov/PlanParticipation/EligibilityAndContributions/typesOfContributions.html

Receive Your Federal Benefit Workbook

Please fill out the form to the right with your information to receive your personalized federal benefit workbook.  This workbook will help you understand when you are eligible to retire, compute your monthly pension, show you how Social Security works and explain the options available to you with FEGLI and TSP.

By providing your information, a licensed insurance representative may contact you.