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Pay & Personnel News Updates from our Branches

Results:
Tag: Thrift Savings Plan

April 29, 2021

Here is a new means of accessing your TSP

Accessing your Thrift Savings Plan (TSP) just got easier, especially for those whilst underway. Members can now authenticate their account using their .mil or personal email, rather than their phone number.

April 29, 2021

Reenlistment Eligibility for Selective Reenlistment Bonus

Reenlistment Eligibility for Selective Reenlistment Bonus ALCOAST 142/21 provides information regarding selective reenlistment bonus (SRB)

Nov. 2, 2020

2021 Thrift Savings Plan Contribution Limits Announced

2021 Contribution limits — The Internal Revenue Code places specific limits on the amount that you can contribute to employer-sponsored plans like the TSP each year. The limits for 2021 have been announced. To learn more, visit “Contribution limits.”

Oct. 21, 2020

Thrift Savings Plan Catch-up contributions will soon get easier

Starting in January 2021, we will make the catch-up process easier: if you’re turning 50 or older, you’ll no longer need to make two separate elections each year in order to take advantage of catch-up contributions.

Nov. 30, 2018

Thrift Savings Plan (TSP) Making Changes to the Lifecycle (L) Funds

TSP is planning adjustments to the L Funds in an effort to improve investment outcomes. Effective in January 2019, they will increase exposure to international stocks (the I Fund) from 30% to 35% of the overall stock allocation in all L Funds. The L Income Fund stock allocation (C, S, and I Funds combined) will increase from 20% to 30% over a period of up to 10 years. The L 2030, L 2040, and L 2050 overall stock allocations will hold steady for a period of years before resuming their transitions from stocks to bonds. In addition to improving investment outcomes, this pause will align the L 2030, L 2040, and L 2050 Funds with the L 2060 Fund, which will be introduced in 2020 with an initial stock allocation of 99%.

Aug. 31, 2018

Thrift Savings Plan (TSP) Webinar Recordings 2018

The Coast Guard Headquarters Blended Retirement System (BRS) Team in conjunction with the Office of Work-Life (CG-111) and the Thrift Savings Plan Training team is conducting a series of live webinars. The link below is a recording of the June sessions and the first session held in August.

June 9, 2017

Thrift Savings Plan (TSP Blended Retirement System (BRS) Resources Available

Two new sources of information—a fact sheet and a video—about the new Blended Retirement System (BRS) are now available.

June 6, 2017

DoD Launches Blended Retirement System Comparison Calculator

The Defense Department has launched a comparison calculator for eligible service members to analyze their estimated retirement benefits under the legacy system and the new Blended Retirement System.