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THRIFT SAVINGS PLAN CATCH UP CONTRIBUTION ELECTION TSPU1C Before completing this form, read the information on the back. Use this form to start, stop, or change your catch-up contribution election
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How to fill out tsp-u-1-c catch-up contribution election
How to fill out tsp-u-1-c catch-up contribution election:
01
Obtain the tsp-u-1-c catch-up contribution election form from your employer or the Thrift Savings Plan (TSP) website.
02
Fill in your personal information, including your name, Social Security number, and contact details.
03
Indicate the type of election you are making by checking the appropriate box. In this case, it would be the catch-up contribution election.
04
Specify the amount you wish to contribute as a catch-up contribution in the designated section. This amount is subject to various limits set by the Internal Revenue Service (IRS).
05
Review the form to ensure all information is accurately provided.
06
Sign and date the tsp-u-1-c catch-up contribution election form.
07
Submit the completed form to your employer or the appropriate department within your organization.
Who needs tsp-u-1-c catch-up contribution election:
01
Individuals who participate in the Thrift Savings Plan (TSP) and are eligible to make catch-up contributions may need to fill out the tsp-u-1-c catch-up contribution election.
02
Catch-up contributions are additional contributions allowed for participants who are age 50 or older, or who meet other specific criteria defined by the TSP and IRS.
03
If you are eligible and wish to make catch-up contributions to boost your retirement savings, you will need to complete the tsp-u-1-c catch-up contribution election form to inform the TSP administrators of your intent.
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What is tsp-u-1-c catch-up contribution election?
The tsp-u-1-c catch-up contribution election is a form that allows eligible participants in the Thrift Savings Plan (TSP) to make additional contributions to their accounts.
Who is required to file tsp-u-1-c catch-up contribution election?
Participants who are at least 50 years old and have reached the IRS elective deferral limit for the year are required to file a tsp-u-1-c catch-up contribution election.
How to fill out tsp-u-1-c catch-up contribution election?
Participants can fill out the tsp-u-1-c catch-up contribution election form electronically through the TSP website or by submitting a paper form to the TSP Service Office.
What is the purpose of tsp-u-1-c catch-up contribution election?
The purpose of the tsp-u-1-c catch-up contribution election is to allow eligible participants to contribute additional funds to their TSP accounts beyond the regular contribution limits set by the IRS.
What information must be reported on tsp-u-1-c catch-up contribution election?
The tsp-u-1-c catch-up contribution election form requires participants to indicate the amount of catch-up contributions they wish to make and certify that they meet the eligibility criteria.
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