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Employees at TTS are eligible to participate in the | ||
[Thrift Savings Plan](https://www.tsp.gov/index.html) (TSP). For more | ||
information on TSP, please refer to the | ||
[TSP Insite page](https://insite.gsa.gov/topics/hr-pay-and-leave/benefits/thrift-savings-plan?term=tsp). | ||
[TSP Insite page](https://insite.gsa.gov/employee-resources/hr-eeo-pay-and-leave/benefits/thrift-savings-plan?term=tsp). | ||
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To start, change, or stop your contributions, you'll need to fill out | ||
[Form TSP-1](https://www.tsp.gov/PDF/formspubs/tsp-1.pdf). | ||
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You can also update TSP directly in [HR | ||
You will update TSP directly in [HR | ||
Links]({% page "/travel-and-leave/leave/#logging-into-hr-links" %}) by following | ||
this | ||
[visual guide](https://corporateapps.gsa.gov/corporateapps/files/Updating-TSP-Traditional-or-Roth.pdf) | ||
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2. Click on the **TSP** tile/row to view and edit your contribution amounts | ||
3. Click **Save** | ||
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If you ever move, you can update your address for TSP by emailing it to both the | ||
[Consolidated Processing Center](mailto:[email protected]) and the | ||
[GSA Payroll Office](mailto:[email protected]). Payroll will notify the | ||
TSP office of your new address. | ||
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To transfer your previous retirement account into your TSP, you'll need to fill | ||
out a [Form TSP-60](https://www.tsp.gov/PDF/formspubs/tsp-60.pdf) for every | ||
account you want to roll over. If you need help, you can call them by dialing | ||
**1-877-968-3778**. Be sure to have your TSP account number and your SSN and | ||
mailing address handy. | ||
If you had been contributing to a 401k, 403b, or a similar plan at a previous employer this year, your total contribution for all similar plans cannot be higher than the [annual limit](https://www.tsp.gov/making-contributions/contribution-limits/). | ||
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If you have been contributing to a 401k, 403b, or a similar plan at your | ||
previous employer, your total contribution for all similar plans cannot be | ||
higher than [the annual limit](https://www.tsp.gov/bulletins/20-8/). | ||
You can roll over money from eligible retirement plans to your TSP account. TSP offers a rollover concierge service and a self-service option. Visit the [TSP Move Money page](https://www.tsp.gov/tsp-basics/move-money-into-tsp/) for details. | ||
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You may need to include a special additional statement with your tax return | ||
explaining you rolled over your IRA to the TSP. For guidance on this, see the | ||
[IRS interactive guide to "Do I Need to Report the Transfer or Rollover of an IRA or Retirement Plan on My Tax Return?"](https://www.irs.gov/help/ita/do-i-need-to-report-the-transfer-or-rollover-of-an-ira-or-retirement-plan-on-my-tax-return). | ||
There are numerous free TSP webinars available: visit the [TSP Online Learning page](https://www.tsp.gov/online-learning/) to view descriptions and dates. | ||
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## Training | ||
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