Summary: Leaders on the Federal Retirement Thrift Investment Board saw 2023 as a relatively successful year of progressing toward long-term strategic goals for the Thrift Savings Plan (TSP). Perhaps most notably, more TSP participants than ever are now contributing enough to their retirement accounts to receive a full match from the government. Currently, 86.8% of feds in the Federal Employees Retirement System (FERS), as well as 84.9% of active-duty military members in the Blended Retirement System (BRS) are putting at least 5% of their biweekly paychecks into the TSP. Contributing at least 5% to the TSP is the amount required to receive the maximum 5% matching contribution from an employee’s agency or a military member’s branch of service. Learn more about your ad choices. Visit megaphone.fm/adchoices
