Establishing Your TSP Account
Check if you've already been automatically enrolled.
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If you are a FERS employee and you were hired after July 31, 2010, your agency has automatically enrolled you in the TSP, 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.
If you are a FERS employee and you were hired before August 1, 2010, you already have a TSP account with accruing Agency Automatic (1%) Contributions. In addition, you can make contributions to your account from your pay and receive Agency Matching Contributions.
You can make a contribution election using your agency's electronic system, if it has one. For example, many FERS employees are able to use Employee Express. If your agency does not use an automated system, you can complete Form TSP-1, Election Form, and return it to your agency.
Minimum Contribution
Consider contributing at least 5% of your basic pay to your TSP account so that you can receive the full amount of agency matching contributions.
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