Get the free TSP-1 Election Form - Office of Inspector General United States ... - uspsoig
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On this form under 5 U.S.C. chapter 84, Federal Employees×39; Retirement System. ... Important note for new TSP participants: All contributions to your account will ...
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How to fill out tsp-1 election form
How to fill out tsp-1 election form:
01
Obtain the tsp-1 election form: The tsp-1 election form is available on the official website of the Thrift Savings Plan (TSP), or you can request a copy from your employer.
02
Provide your personal information: Enter your full name, social security number, and contact details in the designated fields on the form.
03
Choose your type of election: Indicate whether you are making a traditional (pre-tax) or Roth (after-tax) contribution election.
04
Determine your contribution amount: Decide how much you want to contribute to your TSP account. You can contribute a specific dollar amount or a percentage of your salary.
05
Select your fund allocation: Decide how you want your contributions to be invested among the various TSP funds. You can choose to invest in one or multiple funds based on your risk tolerance and investment goals.
06
Sign and date the form: Read the instructions carefully, then sign and date the tsp-1 election form to certify that the information provided is accurate.
07
Submit the form: Once you have completed the form, submit it to your employer's human resources department or follow the instructions provided by your employer regarding the submission process.
Who needs tsp-1 election form:
01
Federal employees: The tsp-1 election form is primarily used by federal employees who are eligible to participate in the Thrift Savings Plan.
02
New employees: If you are a new federal employee and want to start contributing to the TSP, you will need to fill out the tsp-1 election form to establish your contribution preferences.
03
Existing employees: Existing federal employees can also use the tsp-1 election form to make changes to their TSP contribution amount, type of election, or fund allocation. It is important to regularly review and adjust your TSP contributions to align with your financial goals.
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What is tsp-1 election form?
The tsp-1 election form is a form used to designate beneficiary(ies) to receive your Thrift Savings Plan (TSP) account balance in the event of your death.
Who is required to file tsp-1 election form?
Federal employees and members of the uniformed services who are participants in the Thrift Savings Plan are required to file a tsp-1 election form.
How to fill out tsp-1 election form?
The tsp-1 election form can be filled out online on the TSP website or by using a paper form which can be obtained from the TSP website or from your agency's human resources office.
What is the purpose of tsp-1 election form?
The purpose of the tsp-1 election form is to specify who will receive your TSP account balance after your death.
What information must be reported on tsp-1 election form?
The tsp-1 election form requires information about the beneficiary(ies) you wish to designate, their relationship to you, and the percentage of the account balance each beneficiary should receive.
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