Browsing: TSP contributions

Q: Does a federal employee who is fired get to retain Federal Employees Retirement System defined benefit plan annuity and government contributions to his Thrift Savings Plan? A: You are always fully vested in your contributions and the government’s matching contributions. The automatic 1 percent agency contribution under FERS vests after you have completed three years of federal civilian service (two years for congressional and certain other noncareer positions).

Q: I have 18 years of federal service and will be working for another 12 years before retiring. I contribute 15 percent per pay period to the Thrift Savings Plan, all going to the F Fund as of September. Can I reduce the contribution from 15 percent to 10 percent for the next couple of years and then move it back to 15 percent?   A: Yes.