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TSP-1 Election Form Thrift Savings Plan To obtain this form go to http://www.tsp.gov/forms/tsp-1.pdf
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How to fill out tsp-1 election form
How to Fill Out TSP-1 Election Form:
01
Obtain a copy of the TSP-1 Election Form from the Thrift Savings Plan (TSP) website or your employer's human resources department.
02
Fill in your personal information, including your full name, social security number, and contact information, such as your address and phone number.
03
Select the type of contribution you want to make by checking the appropriate box. You can choose between traditional (pre-tax) contributions or Roth (after-tax) contributions.
04
Indicate the percentage or dollar amount you wish to contribute from your salary to the TSP. This decision will determine how much money is deducted from your paycheck and invested in the TSP.
05
If you want to allocate your contributions to specific TSP funds, indicate your fund selection by checking the corresponding box(es). Otherwise, your contributions will be invested in the TSP's default Lifecycle (L) Fund based on your target retirement date.
06
If you want to start, stop, or change any existing TSP loan payment, check the appropriate box and provide the required details.
07
Review your choices and verify that all the information provided is accurate and complete.
08
Sign and date the form in the designated sections.
09
Submit the completed TSP-1 Election Form to your employer's human resources department or follow the instructions provided by your employer for submission.
Who Needs TSP-1 Election Form:
01
Federal employees who are eligible for the Thrift Savings Plan (TSP) and wish to make contributions to their TSP accounts need the TSP-1 Election Form.
02
Active duty military members participating in the Blended Retirement System (BRS) may also need to complete the TSP-1 Election Form to start contributing to their TSP accounts.
03
Individuals who want to change their existing TSP contribution allocation or adjust their TSP loan payments will need to fill out the TSP-1 Election Form to update their preferences.
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What is tsp-1 election form?
The TSP-1 election form is a form used to designate beneficiaries for a Thrift Savings Plan account.
Who is required to file tsp-1 election form?
Federal employees who participate in the Thrift Savings Plan are required to file the TSP-1 election form to designate beneficiaries.
How to fill out tsp-1 election form?
To fill out the TSP-1 election form, you must provide your personal information, choose your beneficiaries, and sign and date the form.
What is the purpose of tsp-1 election form?
The purpose of the TSP-1 election form is to ensure that your Thrift Savings Plan account is disbursed according to your wishes in the event of your death.
What information must be reported on tsp-1 election form?
The TSP-1 election form requires you to report your personal information, including your name, address, social security number, and the names and relationships of your beneficiaries.
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