The retirement income you receive from your TSP account will depend on how much you have contributed to your account during your working life and the earnings on these contributions. The Government automatically contributes 1 percent to your TSP account and will further match participant contributions up to 4 percent of basic salary, bringing the maximum government contribution to 5 percent. There is no matching government contributions to TSP for CSRS employees. This means the contributions you make come out of your pay before taxes, and the earnings made on your TSP account are not taxed until you receive the money. Further features include a choice of investment options, interfund transfers, loans from your own contributions and earnings, in-service withdrawals and portable benefits if you leave Federal service.
Program offers term life insurance at reasonable rates via payroll deductions.
The Navy pays a percentage of the employee's premiums under both the Federal Health Benefits and Life Insurance programs. Click here for more information on Federal Health and Life Insurance Programs. Retirement and Health Benefits list Recreation Activities and Programs Generally, civilian employees may also use Department of the Navy recreational facilities that are open to active duty military personnel on a space available basis. This includes libraries, restaurants, movie theaters, gyms and other facilities.