Does the FTC offer a retirement account?
Comparable to a private-sector tax-deferred 401(k) plan, the Thrift Savings Plan (TSP) is an important benefit designed to help you save for your future. FTC employees can contribute as much as 15% of basic pay each pay period, up to the IRS annual limit. 1. Agency Automatic (1%) Contributions: When you become eligible, your agency automatically deposits into your TSP account an amount equal to 1% of your basic pay each pay period, even if you do not contribute your own money. After 3 years of Federal civilian service (or 2 years in some cases), you are vested in these contributions and their earnings. 2. Agency Matching Contributions: When you become eligible, your agency will match the first 3% of basic pay you contribute each pay period dollar for dollar. Each dollar of the next 2% of basic pay will be matched 50 cents on the dollar. You are immediately vested in the matching contributions. For more information on the TSP and your investment options, click here. Back to top • I have
