As a defined contribution plan, the retirement income a participant receives from the TSP depends on how much they (and the employee’s agency, if eligible to receive agency contributions) put into their account during the years of federal service — plus the accumulated earnings over that time...
2010, will be automatically enrolled in the TSP with an automatic contribution of 3% of their basic pay, which will be automatically deducted from the employee’s pay each period and deposited into the Thrift Savings Plan. This is in addition to the Agency Automatic ...
401K/403b.These are buckets provided by your employer. They select an investment company which then offers a selection of investments from which to choose. Many employers will match your contribution up to a certain amount. Both your and your employer’s contributions are tax deferred, reducing ...