|The Thrift Savings Plan (TSP) is a retirement savings and investment plan for Federal employees, similar to “401(k)” plans available to many private sector employees. The TSP exists to provide you an opportunity to participate in a long-term retirement savings and investment plan.
New employees are automatically enrolled in the TSP. The amount of your automatic contribution to the TSP each pay period is 5% of your basic pay. These contributions are deducted from your pay and are tax-deferred for Federal and, in most cases, state income tax purposes. In addition, the Judiciary will deposit Agency Matching Contributions equal to your 4% contribution. You will also receive an Agency Automatic Contribution equal to 1% of your basic pay. Between your contributions and the Judiciary’s contributions, the equivalent of 10% of your basic pay will be deposited into your TSP account each pay period.
Please visit the Judiciary Benefits Center to make your TSP elections and catch-up contributions (for all active participants turning age 50 or over). Please visit the TSP website for more information.
You may elect to increase, decrease, or stop your contributions to your TSP account at any time. Please visit the TSP website for more information. Feel free to contact HR with any questions.