How can I make the maximum employee contribution and still receive the maximum agency matching contribution each year?
To receive the maximum agency matching contribution, you must contribute at least five percent of the basic pay you earn each pay period during the year. (The first five percent of your basic pay each pay period is matched — dollar-for-dollar on the first three percent and 50 cents on the dollar for the next two percent.) To determine a dollar amount you can contribute each pay period so that your contributions are spaced out over all the (remaining) pay dates in the year, use the Elective Deferral Calculator on the TSP Web site at http://www.tsp.gov/calc/contributions/index.html .
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