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Text of Federal Thrift Investment Board Final Regs: New Automatic Enrollment Percentage Is 5%
Federal Retirement Thrift Investment Board [FRTIB] 
[Official Guidance] Sept. 15, 2020 "[FRTIB] is amending its regulations to increase the automatic enrollment percentage from 3 percent to 5 percent of basic pay for all participants who are automatically enrolled in the Thrift Savings Plan (TSP) on or after October 1, 2020 and for Blended Retirement Service (BRS) participants who are automatically re-enrolled in the TSP on or after January 1, 2021. In addition, the FRTIB is making a non-substantive clarification regarding installment payments calculated based on life expectancy." MORE >> |
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