|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
New employees are automatically enrolled in the TSP. The amount of your automatic
contribution to the TSP each pay period is 3% 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
3% 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 7% of
your basic pay will be deposited into your TSP account each pay period.
You may elect to stop the initial automatic enrollment process, if you do not wish to contribute to
your TSP account, by completing form TSP-1 and submitting it to Human Resources before the
end of your first pay period of employment.
You may elect to increase, decrease, or stop your contributions to your TSP account at any time.
Please visit the TSP website for an informative booklet and more detailed information.