USPS: The IRS has announced new limits for 2025 TSP contributions
The Internal Revenue Service recently announced the new contribution limits for the retirement savings plan, also known as the TSP.
Tag: Thrift Savings Plan
USPS employees can participate in a new series of online TSP sessions
The topics will include TSP contributions, death benefits, distributions, investment funds, in-service withdrawals and loans.
USPS: Employees can participate in a new series of TSP online sessions
July 17, 2024 The Thrift Savings Plan (TSP) has announced a new slate of informational webinars and online training courses, which Postal Service employees can participate in. The topics will include TSP contributions, death benefits, distributions, investment funds, in-service withdrawals and loans. The webinars will last one hour, while the courses are two-and-a-half-hours. Participation is…
USPS: TSP contribution cap to rise next year
December 14, 2023 The Internal Revenue Service recently announced the 2024 contribution limits for the Thrift Savings Plan, or TSP. Postal Service employees can contribute up to $23,000 in 2024, an increase of $500 from this year. Employees over the age of 50 can take advantage of the TSP catch-up option if they wish and…
USPS: TSP participants will receive two statements for second quarter
September 7, 2022 Postal Service employees and other federal workers will receive two statements from the Thrift Savings Plan (TSP) for second-quarter transactions. TSP is sending two statements due to recent administrative changes. The first statement, which was mailed in July and can be viewed in the TSP website’s My Account section, covers account activities…
USPS: Several TSP webinar sessions offered in July
July 8, 2022 Thrift Savings Plan specialists will offer several webinars in July on the ins and outs of the program, also known as TSP. Here’s an overview of the webinars and when they’ll be offered (all times are Eastern); select each date to register online. • TSP Contributions: Taking Control of Your Future: Shows…
USPS: TSP to introduce improvements, mobile app
May 12, 2022 The Thrift Savings Plan will introduce several features this year to improve participants’ experiences. The changes will allow participants in the plan, also known as the TSP, to: • Get services on their terms. A virtual assistant will be available 24/7 to help participants find answers to their questions. Access to a…
TSP will briefly suspend transactions during transition to new service provider
April 20, 2022 The Thrift Savings Plan (TSP) will transition administrative services to a new service provider this year, aiming to improve users’ experiences. The transition could affect participants who planned to request a transaction soon, because periodic downtime will be required to accommodate the transition process. During the transition period, participants’ savings will remain…