Tuesday, January 3, 2017

Retirement Reminder: TSP Catch-Up

The U.S. Postal Service is reminding employees that the deadline to make Thrift Savings Plan (TSP) catch-up contributions effective for the first pay period of 2017 is January 4 at 4 p.m. EST.

There is no open season for TSP. Employees can make or change TSP elections at any time during the year.

In 2017, employees can make up to $18,000 in regular TSP contributions. Employees age 50 or older can contribute an additional $6,000 in catch-up contributions.

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