TSP max contribution plus match


Q. Can a federal employee put the maximum contribution into TSP and still receive the complete 5 percent government match on top of that? What if the federal employee is 50 years old?

Also, if the employee puts the maximum catch-up amount along with the maximum TSP amount, will the employee still receive the complete 5 percent government match?

A. TSP agency contributions, including matching, are in addition to your contributions. They do not count against the annual employee deferral limit.


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.

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