TSP contributions


Q. I am a FERS employee retiring on Jan. 12, 2013. Since 2012 has 27 pay periods, does a contribution to my TSP for the pay period ending Jan. 12, 2013 count as a contribution to the 2012 calendar year or the 2013 calendar year?

A. Since at least part of the contribution was based on earnings for 2013 and the pay and payment will be processed in 2013, it should count toward the 2013 limit, but you’ll need to check with your payroll office to be sure.


About Author

Mike Miles is a Certified Financial Planner licensee and principal adviser for Variplan LLC, an independent fiduciary in Vienna, Virginia. Email your financial questions to fedexperts@federaltimes.com and view his blog at money.federaltimes.com.

Leave A Reply