Thrift Savings Plan (TSP)

The Thrift Savings Plan (TSP) is a Federal Government-sponsored retirement savings and investment plan. It offers the same type of savings and tax benefits that many private corporations offer their employees under "401(k)" plans.

Blended Retirement System (BRS) Members of the Uniformed Services
If you are a member of the uniformed services who began serving on or after January 1, 2018, your service automatically enrolled you in the TSP (or will) once you had served 60 days and 3% of your basic pay is deducted from your paycheck each pay period and deposited in the traditional balance of your TSP account, unless you have made an election to change or stop your contributions. You can make an election by following the instructions in Starting, Changing, and Stopping Your Contributions .

Non-BRS Members of the Uniformed Services
If you are a member of the uniformed services who is not covered by the Blended Retirement System (BRS), your account is established by your service after you make a contribution election using your service's automated system, if it has one. For example, most members of the uniformed services use myPay. If your service does not use an electronic system, you can complete Form TSP-U-1, Election Form and return it to your service.

Reentering Members of the Uniformed Services

If you were already in the BRS plan before you left the service—whether as a new member of the uniformed services or an opt-in—you will be automatically reenrolled when you reenter. If you were not in BRS but had fewer than 12 years of service when you left, your service may give you the opportunity to opt in when you reenter. In either case, assuming you had served 60 days before leaving, your enrollment will begin with the first pay period after reentering. If neither situation applies to you, you can still start a TSP account or resume contributing to your existing account as a non-BRS member. Follow the instructions in Starting, Changing, and Stopping Your Contributions.

Thrift Savings Plan logo Change in Required Minimum Distribution Age:

The SECURE Act, which passed on December 20, 2019, changes the age at which you have to start taking required minimum distributions from 70 ½ to 72. The law excludes people who turned 70 ½ on or before December 31, 2019. Click here for more information.

Implementation of 5% Automatic Enrollment Percentage for Thrift Savings Plan Participants

On October 1, 2020, the Federal Retirement Thrift Investment Board (FRTIB) will increase the automatic enrollment percentage from 3% to 5% of pay for all Federal Employees Retirement System (FERS), Civil Service Retirement System (CSRS), and Blended Retirement System (BRS) participants who are automatically enrolled in the TSP on or after October 1, 2020, and for BRS participants automatically re-enrolled in the TSP on or after January 1, 2021, per 5 CFR § 1600.34 and 1600.37. The Thrift Savings Plan Enhancement Act of 2009 grants the FRTIB the authority for this change. This change will not affect the contribution rates in place for FERS and CSRS participants who were automatically enrolled in the TSP prior to October 1, 2020, or BRS participants who were automatically enrolled prior to October 1, 2020, and did not terminate their contributions. Click here for more information.