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…

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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…

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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…

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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…

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USPS: Beneficiary information updates can be made on LiteBlue

March 29, 2022 The Postal Service wants to remind all workers that it is important to complete or update beneficiary information as soon as possible. This simple task takes just a minute or two and can save a lot of heartache down the line. The Life Changes LiteBlue page, a one-stop shop for updating employee…

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USPS: OPM clarifies pandemic leave effect on retirement deductions

The Postal Service wants employees who took leave under the Families First Coronavirus Response Act to know how it will affect their retirement deductions. The law, also known as the FFCRA, requires some employers to provide employees with emergency paid sick leave and expanded family and medical leave for child care. The leave benefit went…

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USPS Mandatory Stand-Up Talk: Impacts of New Leave on Retirement and TSP

“Since the introduction of the new leave types, the Office of Personnel Management has provided official guidance that leave payments under the FFCRA are not eligible for retirement and Thrift Savings Plan (TSP) deductions.” Related: USPS: OPM clarifies pandemic leave effect on retirement deductions

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