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  • Starting in January 2021, we’re making the process easier for participants. If you’re turning 50 or older and are eligible for catch-up, you’ll no longer need to make separate catch-up elections to your TSP account. To learn how to make these contributions next year, visit Catch-up contributions.

TSP bulletin
for Agency and Service TSP Representatives

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Announcement of Upcoming Change to the Automatic Enrollment Percentage for Thrift Savings Plan Participants

The Federal Retirement Thrift Investment Board (FRTIB), the agency that administers the Thrift Savings Plan (TSP), will increase the automatic enrollment percentage from 3% to 5% of pay for all participants who are automatically enrolled in the TSP on or after October 1, 2020. The Thrift Savings Plan Enhancement Act of 2009 grants us the authority for this change. This change will not affect the contribution rates in place for those participants who were enrolled in the TSP prior to October 1, 2020.

This bulletin is to notify agency payroll offices and HR personnel of this upcoming change so that agencies can take appropriate actions to ensure an efficient transition to the 5% automatic enrollment rate. We will issue a new bulletin formalizing the change after we publish the TSP regulations regarding the automatic enrollment percentage increase.