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TSP

Administered by the Federal Retirement Thrift Investment Board, this defined contribution plan for federal employees has roughly 4,614,874 participants, and over $358 billion in assets under management. Ask your TSP questions and post related topics here.

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G0271  
#1 Posted : Tuesday, April 20, 2021 7:19:02 AM(UTC)
G0271

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HI,
I am new to government and trying to understand the different retirement plans. One of the perks of government is the pension, but Im trying to figure out does that still exist? Is the TSP a pension? is TSP the same as FERS? Do all employees get FERS? Do all employees get TSP? what is the difference?

Thank you!
frankgonzalez  
#2 Posted : Tuesday, April 20, 2021 8:03:49 AM(UTC)
frankgonzalez

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Originally Posted by: G0271 Go to Quoted Post
HI,
I am new to government and trying to understand the different retirement plans. One of the perks of government is the pension, but Im trying to figure out does that still exist? Is the TSP a pension? is TSP the same as FERS? Do all employees get FERS? Do all employees get TSP? what is the difference?

Thank you!

FERS: Annuity type pension
TSP: Savings plan similar to a 401K

You should have voted Cthulu...the greatest of all Evils
roger.d  
#3 Posted : Tuesday, April 20, 2021 9:49:00 AM(UTC)
roger.d

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Socialist governments traditionally do make a financial mess. They always run out of other people’s money. --Margaret Thatcher
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