TSP-1 2015 free printable template
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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).
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How to fill out tsp 2015 form
How to fill out TSP-1
01
Obtain a copy of the TSP-1 form from the TSP website or your personnel office.
02
Fill in your personal information at the top of the form, including your name, Social Security number, and agency.
03
Indicate your contribution percentage or dollar amount in the designated section.
04
Select your investment allocation preferences by checking the appropriate boxes.
05
Date and sign the form at the bottom to authenticate your submission.
06
Submit the completed form to your agency's payroll office or directly to the TSP.
Who needs TSP-1?
01
Federal employees and members of the uniformed services who wish to enroll or make changes to their Thrift Savings Plan (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 refers to the Tax-Sheltered Annuity (TSA) contribution form used primarily for reporting contributions to various retirement plans under section 403(b) of the Internal Revenue Code.
Who is required to file TSP-1?
Individuals who wish to make contributions to a Tax-Sheltered Annuity plan, typically employees of nonprofit organizations or public schools, are required to file TSP-1.
How to fill out TSP-1?
To fill out TSP-1, individuals need to provide their personal information such as name and Social Security number, specify the amount they wish to contribute, and sign the form to authorize the contributions.
What is the purpose of TSP-1?
The purpose of TSP-1 is to enable employees to make pre-tax contributions to their retirement savings, thereby reducing their taxable income while saving for retirement.
What information must be reported on TSP-1?
The information that must be reported on TSP-1 includes the individual's name, Social Security number, the amount of contribution, and the signature of the employee authorizing the deduction.
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