 | Thrift Savings Plan open season
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The Thrift Savings Plan (TSP) open season will be from May 15, 2002, through July 31, 2002. The contribution limit for Federal Employees Retirement System (FERS) participants is 12 percent of basic pay, and the limit for Civil Service Retirement System (CSRS) participants is 7 percent. To increase your contribution, you will need to use Employee Express. There are no changes to the agency's automatic one percent contribution or to agency matching contributions for FERS employees.What is Employee Express?
Employee Express is an automated system that puts you in control of processing your TSP elections, along with other discretionary personnel and payroll actions. Use of Employee Express is mandatory to enroll, increase, or decrease TSP contributions. Each new employee receives an Employee Express PIN by mail from the Office of Personnel Management (OPM). You use your PIN, along with your SSN, to access Employee Express by calling 800-827-6290, 478-757-3085, or TDD 478-757-3117; or by visiting OPM's Employee Express Web. If you need a replacement PIN, call the OPM Help Desk at 478-757-3030. You'll receive it in about 1 week.Is a separate TSP PIN needed to conduct other important TSP business?
Yes! TSP provides a separate TSP PIN that allows you to access TSP's Thriftline and Web site. With your TSP PIN and SSN, you can do some things that can't be done through Employee Express. For instance, at any time, you can change the allocation among the five funds; make interfund transfers; check withdrawal status, loan and account balances, and return rates; and change your TSP PIN. To obtain a TSP PIN, access TSP's Web site, or call the TSP ThriftLine at 504-255-8777. You will receive a PIN in about 1 week.Where can I get additional information about the TSP?
For more information, visit the Customs Intranet site, TSP's Web site, or TSP's ThriftLine at 504-255-8777. You may also contact HRM, Employee Services Division, at 202-927-3900. |
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