By Mike Miles

TSP contribution limits

April 28th, 2010 | Uncategorized

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Q: I like to make plans for my savings and would like to know whether the contribution limits will be increasing for the Thrift Savings Plan and the TSP Catch-up contribution plan for 2011 and 2012.

A: The limits are indexed to inflation, and we won’t know whether they’ll be increasing until the inflation figures are in.

Tags: catch-up contributions, contribution limits, inflation, thrift savings plan, TSP, TSP Catch-up

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Comments

1. Terri Says:
   August 18th, 2010 at 11:09 am

   When are inflation figures released? October?

2. maurice olfus Says:
   October 11th, 2010 at 5:07 pm

   I retired from the Department of State on 5/31/2010 and have not yet received :
   1) SF-50 that reflects the retirement
   2) Nor have I received a monthly annuity.

   Prior to my retirement, I was awarded a retro-active promotion as part of an EEO settlement agreement. The effective date of the retro promotion is 1/1/2009 – 5/31/10. However, to date I have not received a SF-50 to reflect the promotion and pay period adjustments. What I did receive from the Departement was a letter that stated that I was paid a lump sum gross payment for the retro-active promotion in the amount of $12,697.68. My questions are as follows:

   1) What is the federal standard time frame for receiving the first annuity payment?
   2) What is the federal standard time frame for receiving SF-50s personnel actions?
   3) What legal authority does the agency have that justified paying a lump sum payment instead of a pay period adjustment that would have allowed me to contribute up to 90% of basic pay to TSP provided that that the annual deferred TSP contributrion did not exceed $16,500?

   Thank you,

   Maurice

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