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Thrift Savings Plan Open Season and PostalEASE
| When and Who |
April 15 through June 30, 2005 - all
career employees |
| Contribution Limits for Calendar Year
2005 |
IRS Annual Deferral limit for 2005 is
$14,000.
FERS contribution limit is 15% of basic pay for 2005.
CSRS and CSRS Offset limit is 10% of basic pay for 2005.
Reminder: If you are age 50 or older during calendar year 2005, to
participate in the TSP Catch-Up Contribution election you must have
either a regular election on file to contribute the maximum percentage
of basic pay, or an election on file where the maximum IRS elective
deferral limit will be reached during the calendar year. |
TSP Contribution Elections and Cancellations
(USPS PIN) |
Use the PostalEASE telephone system
or the PostalEASE employee Web site during TSP open season
to begin contributing, to change contribution amount or percentage,
or to cancel TSP contributions.
To use PostalEASE, you will need your Employee ID (this number
is found on your earnings statement) and USPS personal identification
number (PIN), available only from PostalEASE.
Call toll free: 877-4PS-EASE (877-477-3273).
Don't know your USPS PIN? Call PostalEASE; press 1; enter Employee
ID (this number is found on your earnings statement); when prompted
to enter PIN, pause, then press 2. Your USPS PIN will be mailed to
your address of record, usually by the next business day.
Career employees who have trouble using PostalEASE, or who
are unable to use a telephone, may contact local personnel office
for help. |
TSP Fund Investment Elections
(TSP PIN) |
Contact TSP directly, during or outside
TSP open season, to change investment of future TSP contributions
or money already in account.
Go to the TSP Web site at www.tsp.gov, or call the TSP ThriftLine
toll-free at 877-968-3778 (TDD toll-free at 877-847-4385). Or mail
TSP-50, Investment Allocation, to TSP, available from your
local personnel office (election not effective as quickly).
To use the TSP Web site or TSP ThriftLine, you must know your TSP
PIN, available only from TSP.
Don't know your TSP PIN? Request it from www.tsp.gov - choose Account Access. Or via TSP ThriftLine or TSP service office
toll-free at 877-968-3778 (TDD toll-free at 877-847-4385), and then
follow the instructions. Your new TSP PIN will be mailed to your address
of record. |
| PostalEASE and TSP Information
Mailed to Career Employees |
A TSP leaflet with PostalEASE instructions and TSP elimination of TSP open season letter was mailed
to all career employees. If you do not receive the mailing by mid-April,
contact your local personnel office. In addition, a TSP summary, cover
letter, and PostalEASE instructions are mailed to all newly
hired career employees soon after their accession PS Form 50 action
is processed. |
| Closing Date and Time |
PostalEASE closes at 5:00 P.M.
Central Time on June 30, 2005, for TSP open season elections. |
| TSP Policy Changes |
Beginning July 1, 2005, all career employees
may make TSP contribution elections (start, stop, or change) at any
time. |
Please post on all bulletin boards through June
30, 2005.
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