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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.

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More Lifecycle Funds now available — As of July 1, 2020, you have ten Lifecycle (L) Funds to choose from instead of the five previously available. We added the additional L Funds so that the target dates will be separated by only five years instead of ten, allowing you to more precisely target the time when you think you’ll need your money. Six more L Funds have been added, and the L 2020 Fund, having reached its target date, has been rolled into the L Income Fund.

Learn more about our Lifecycle Funds and additional fund options.

For more information about this change, see the fact sheet Additional Lifecycle (L) Funds.