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What is the federal Thrift Savings Plan (TSP)?

April 26, 2017Federal Plan savings Thrift TSP

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What is the federal Thrift Savings Plan (TSP)?

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The federal Thrift Savings Plan (TSP) is a type of defined contribution plan maintained by the federal government for employees of the federal government. Qualifying employees of the federal government are generally allowed to make pretax salary deferral contributions to the TSP program. Some federal employees also qualify for matching employer contributions under the TSP program.