Updates to Thrift Savings Plan Coming in 2021
December 17, 2020
December 17, 2020
JOINT BASE SAN ANTONIO-LACKLAND, Texas, Dec. 17 -- The U.S. Air Force Joint Base San Antonio-Lackland (16th Air Force) issued the following news:
Each year, the Internal Revenue Service places limits on the dollar amount of contributions that can be contributed to the Thrift Savings Plan, or TSP. For 2021, the annual elective deferral and catch-up limits remain from 2020.
Additionally, on Jan. 1, 2021, TSP will implement a new method for catch-up contributions called t . . .
Each year, the Internal Revenue Service places limits on the dollar amount of contributions that can be contributed to the Thrift Savings Plan, or TSP. For 2021, the annual elective deferral and catch-up limits remain from 2020.
Additionally, on Jan. 1, 2021, TSP will implement a new method for catch-up contributions called t . . .