TSP Open Season Begins May 15
As usual, the month of May gives
all mail handlers another opportunity to take advantage of
an open season for the Thrift Savings Plan. This open season
starts on May 15 and continues through July 31. Mail handlers
who are not currently participating in TSP have an opportunity
to sign up, and current participants have the option to change
the amount of their ongoing investments. Employees under the
FERS retirement program this year may invest up to 12 percent
of biweekly salary, and those under the CSRS system may invest
up to 7 percent.
Once again, all eligible employees should strongly
consider participation. TSP represents an important part of
your retirement benefits, especially if you are part of the
Federal Employees Retirement System (FERS), and a decision not
to participate could have long-term and negative consequences
on your financial well-being. All employee contributions to
the TSP are taken from your pay on a pre-tax basis, and therefore
the cost of full participation may be less than you expect.
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