Shows & Panels
- The 2014 Big Picture on Cyber Security
- AFCEA Answers
- Ask the CIO
- Connected Government
- Consolidating Mission-critical Systems
- Constituent Servicing
- The Data Privacy Imperative: Safeguarding Sensitive Data
- Eliminating the Pitfalls: Steps to Virtualization in Government
- Federal Executive Forum
- Federal Tech Talk
- Government Cloud Brokerage: Who, What, When, Where, Why?
- Government Mobility
- The Intersection: Where Technology Meets Transformation
- Maximizing ROI Through Data Center Consolidation
- Mobile Device Management
- The Modern Federal Threat Landscape
- Moving to the Cloud. What's the best approach for me
- Navigating Tough Choices in Government Cloud Computing
- Satellite Communications: Acquiring SATCOM in Tight Times
- Transformative Technology: Desktop Virtualization in Government
- Understanding the Intersection of Customer Service and Security in the Cloud
Shows & Panels
TSP contribution cap to increase to $17K
Monday - 10/24/2011, 4:04pm EDT
The cap is the tax deferred amount you can put into your TSP each year, said Tom Trabucco, director of external affairs at the Federal Retirement Thrift Investment Board, in an interview with In Depth with Francis Rose.
The Internal Revenue Code puts limits on contributions based on calculations that can change each year, according to the website. However, the current limit of $16,000 has not changed since 2009.
As of 2008, nearly 7 percent of FERS employees and 11 percent of CSRS employees contributed the maximum amount, Trabucco said.
Trabucco reminded federal employees to not "run out of room" in contributions at the end of the year. Agencies give a 5 percent match each pay period, so federal employees should take care not to "overcontribute at the beginning of the year," he said.
Federal News Radio's Jared Serbu is fill-in anchor for Francis Rose today.