TSP-1 2012 free printable template
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ORIGINAL TO PERSONNEL FOLDER Provide a copy to the employee and to the payroll office. Form TSP-1 10/2012 PREVIOUS EDITIONS OBSOLETE TSP-1 INFORMATION AND INSTRUCTIONS GENERAL You may start stop or change your contributions at any time. THRIFT SAVINGS PLAN TSP-1 ELECTION FORM Use this form to start stop or change the amount of your contributions to the Thrift Savings Plan TSP. Tsp.gov. To choose your investment fund s use the TSP website www. tsp.gov or the ThriftLine at 1-TSP-YOU-FRST...
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How to fill out TSP-1
How to fill out TSP-1
01
Obtain a copy of the TSP-1 form.
02
Fill in your personal information, including your name, address, and Social Security number.
03
Provide your employment information, including agency name and position.
04
Indicate your eligibility for the Thrift Savings Plan.
05
Choose your contribution type (traditional, Roth, or both).
06
Specify your contribution amount or percentage.
07
Review your entries for accuracy.
08
Sign and date the form.
09
Submit the completed TSP-1 to your agency's human resources office.
Who needs TSP-1?
01
Employees of the federal government who are eligible to participate in the Thrift Savings Plan.
02
Members of the uniformed services.
03
Individuals looking to establish or modify their TSP contributions.
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People Also Ask about
How do I download TSP forms?
When you log in to My Account, you'll find tools and instructions to request withdrawals and distributions, designate beneficiaries, change your TSP investments, and more. On this page, you can view and download publications and fact sheets with detailed information about your Thrift Savings Plan options and benefits.
What is a TSP 1 form?
TSP-1. ELECTION FORM. ORIGINAL TO PERSONNEL FOLDER Provide a copy to the employee and to the payroll office. Use this form to start, stop, or change the amount of your contributions to the Thrift Savings Plan (TSP).
What form do I need to rollover my TSP to an IRA?
Filling Out Form TSP-70 Request for Full Withdrawal. If you are doing a full withdrawal (transfer or rollover of the entire contents of your TSP), then you will need to fill out pages 1, 2, and 4 (Traditional Balance) and/or Page 5 (Roth Balance).
What is TSP 1 form used for?
Election Form for federal civilian employees (TSP-1) (66kb) Use this form (TSP-1) to start, stop, or change your contribution amount (including any contribution toward the catch-up limit if you're age 50 or older). Return the completed form to your agency's benefits/payroll office.
How do I change my TSP election?
You may also make the change through the ABC-C automated telephone system by calling 1- 877-276-9287 and following the telephonic prompts. If I change my TSP contribution. when will it be effective? Changes to your TSP amount or percentage will be effective the 1 st day of the next pay period.
How should I allocate my TSP contribution?
Here's the ratio we recommend for your portfolio: 80% in the C Fund, which is tied to the performance of the S&P 500. 10% in the S Fund, which includes stocks from small- to mid-sized companies that offer high risk and high return. 10% in the I Fund, an international fund that invests in stocks from overseas companies.
How do I make a TSP election?
To make this request, log in to My Account or use the ThriftLine Service Center. We must receive your request within 90 days of your first contribution. Complete this section to start your TSP contributions or to change the amount and type of contributions.
What is a TSP 1 form?
Election Form for federal civilian employees (TSP-1) (66kb) Use this form (TSP-1) to start, stop, or change your contribution amount (including any contribution toward the catch-up limit if you're age 50 or older). Return the completed form to your agency's benefits/payroll office. Posted: May 2022 • 2 Pages.
What is the TSP election for 2023?
You may enroll in the TSP program or make contribution changes at any time; however, if you wish your contribution deductions to begin the first pay date in 2023, you must make your TSP election effective for pay period 26 (December 18, 2022, through December 31, 2022), which has a pay date of January 12, 2023.
Is TSP enrollment automatic?
Because you are automatically enrolled in the TSP, effective your first pay period, SSA will make Agency Matching Contributions to your TSP account. Even if you stop contributing your own money, SSA will make Agency Automatic Contributions that will equal 1% of the basic pay you earn for the pay period.
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What is TSP-1?
TSP-1, or Thrift Savings Plan Form 1, is a form used by federal employees to establish their participation in the Thrift Savings Plan, a retirement savings and investment plan.
Who is required to file TSP-1?
Federal employees, including members of the uniformed services, are required to file TSP-1 to enroll in the Thrift Savings Plan.
How to fill out TSP-1?
To fill out TSP-1, individuals should provide their personal information such as name, Social Security number, and select their contributions and investment allocation preferences.
What is the purpose of TSP-1?
The purpose of TSP-1 is to allow federal employees to enroll in the Thrift Savings Plan and choose how much they wish to contribute towards their retirement savings.
What information must be reported on TSP-1?
TSP-1 requires participants to report their personal information including name, address, Social Security number, contribution rates, and investment choices.
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