The 2012 Limit Increases For The Thrift Savings Plan (TSP)!

The 2012 IRS annual limit for regular TSP contributions will increase to $17,000. If you are covered by the Federal Employees Retirement System (FERS), you could lose valuable matching Agency TSP contributions by reaching the limit before the end of the calendar year. If you want equal payments deducted over the calendar year for 26 pay periods, you should contribute $654 each pay period. If you are currently contributing a lesser or higher amount, but want equal payments withheld over the course of the year that will equate to $17,000, you must enter your election of $654 in myPay (DFAS). If you expect to enter your myPay (DFAS) election for 2012 between December 4 - 17*, 2011, your election will be effective on December 18, the first pay period for 2012. If your election is entered after December 17, you will need to adjust your election amount. To determine the adjusted amount, use the Elective Deferral Calculator on the TSP website. If you have additional questions, refer them to your Benefits Contact. (*It is recommended that you enter your election by December 16, if you want to ensure an effective date of December 18.).

Source: http://hr.od.nih.gov/benefits/news/default.htm#2012

Alexis Bledel Ali Campoverdi Ali Larter Alice Dodd Alicia Keys