Employees will also have two new funds to invest their TSP contributions or current TSP accounts beginning May 1. When open season begins, employees will also see additional benefits in regards to TSP eligibility and the amount of money they can contribute. Newly hired and rehired civilian employees will be eligible to participate during this open season. There will no longer be a waiting period to start contributions. Although FERS employees won t be eligible to receive the agency s one percent or matching contributions until they have satisfied the normal waiting period, typically six to 12 months, their own contributions start working for them immediately.
Employees can also invest an additional one percent.
Open season elections completed in the BEST automated system will be effective on or after July 1, depending upon the date the transaction is completed. Employees who have forgotten their TSP PIN can obtain a new one within 10 business days by accessing the TSP homepage or Thriftline. Employees with questions regarding the TSP open season can contact a BEST benefits counselor by calling the telephone automated system. TSP is not available to uniformed services members at this time and a specific Air Force office has not been identified to manage the military TSP program.