Tsp 1 C Catch Up Contribution Election
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11/26/08 (mds)
THRIFT SAVINGS PLAN
TSP-1-C
CATCH-UP CONTRIBUTION ELECTION
Use this form to start, stop, or change your election to make ‘‘catch-up’’ contributions to your TSP account. You are eligible to make catch-
up contributions if you are age 50 or older (or if you will become age 50 during the calendar year for which you are making this election),
and you are already contributing a percentage or a dollar amount which will result in reaching the IRS elective deferral limit by the end of the
year. (See back of form.) Catch-up contributions will be taken from your basic pay each pay period; they are in addition to your regular TSP
contributions.
Before completing this form, read the information on the back. Type or print all information. Return the completed form to your agency.
Note: Your catch-up contributions will be invested according to your most recent contribution allocation. (See instructions on the back.)
I.
INFORMATION
1. Name (Last)
(First)
(Middle)
ABOUT YOU
2. Street Address
City
State
Zip Code
3.
–
–
4. ( )
–
Social Security Number
Daytime Phone (Area Code and Number)
5. Office Identification (Agency and Organization)
II.
To start or change your catch-up contributions, complete Items 6, 7, and 8. Use a whole dollar amount. (See ad-
START OR
ditional instructions on the back of the form.)
CHANGE YOUR
CATCH-UP
6.
I elect to contribute $
.00 per pay period. This election will continue until:
CONTRIBUTIONS
• the end of the calendar year; or
(You must be in pay
• I reach the annual limit for catch-up contributions; or
status. See back of
form.)
• I submit a new election to stop or change these contributions.
I certify that I will make regular contributions to the TSP or an equivalent employer plan up to the maximum
amount allowed by the IRS and TSP plan rules. I understand that my catch-up contributions are in addition to
my regular TSP contributions.
7.
8.
/
/
Participant’s Signature
Date Signed (mm/dd/yyyy)
III.
To stop your contributions, complete Items 9, 10, and 11.
STOP YOUR
CATCH-UP
9.
I want to stop making catch-up contributions to my TSP account. I understand that I must make a
new election to resume these contributions.
CONTRIBUTIONS
10.
11.
/
/
Participant’s Signature
Date Signed (mm/dd/yyyy)
IV.
FOR
12.
13.
/
/
14.
/
/
EMPLOYING
Payroll Office Number
Receipt Date (mm/dd/yyyy)
Effective Date (mm/dd/yyyy)
OFFICE USE
15.
ONLY
Signature of Agency Official
PRIVACY ACT NOTICE. We are authorized to request the information you pro-
statute, rule, or order. It may be shared with congressional offices, private sector audit
vide on this form under 5 U.S.C. chapter 84, Federal Employees’ Retirement System.
firms, spouses, former spouses, and beneficiaries, and their attorneys. We may dis-
We wil use this information to identify your TSP account and to process this form. In
close relevant portions of the information to appropriate parties engaged in litigation
addition, this information may be shared with other Federal agencies for statistical,
and for other routine uses as specified in the Federal Register. You are not required
auditing, or archiving purposes. We may share the information with law enforcement
by law to provide this information, but if you do not provide it, we wil not be able to
agencies investigating a violation of civil or criminal law, or agencies implementing a
process your request.
ORIGINAL TO PERSONNEL FOLDER
Provide a copy to the employee and to the payroll office.
Form TSP-1-C (1/2009)
PREVIOUS EDITIONS OBSOLETE
INFORMATION AND INSTRUCTIONS
GENERAL
Catch-up contributions are in addition to your regular TSP contributions. Therefore, if you are not already contribut-
INFORMATION
ing the maximum amount al owed (according to TSP and/or IRS elective deferral limits) through your regular TSP
contributions or by contributing to an equivalent employer plan (e.g., a 401(k) plan), you must elect to contribute the
maximum amount before you are eligible to make catch-up contributions. This catch-up election will not affect your
regular TSP contributions.
You may start, stop, or change your catch-up contributions at any time. Your election will stay in effect subject to the
conditions in Section II below. You must make a new election for each calendar year.
You do not receive matching contributions from your agency for any catch-up contributions.
Your catch-up contribution election will be effective no later than the first full pay period after your agency receives
it. Contributions will be invested according to your most recent contribution allocation. If you wish to change your
contribution allocation, you may do so on the TSP Web site at www.tsp.gov, the ThriftLine at 1-TSP-YOU-FRST
(1-877-968-3778; outside the U.S. and Canada, call 404-233-4400), or Form TSP-50, Investment Allocation.
SECTION I
Complete all items in this section.
SECTION II
The IRS limit for catch-up contributions is $5,500 in 2009. Thereafter, the amount may be adjusted for inflation.
Check the TSP Web site, www.tsp.gov, for updated information.
Deductions will be made from your basic pay in the dollar amount you indicate. However:
(1) Catch-up contributions wil stop when you have reached the maximum al owable dol ar amount for the
calendar year.
(2) The catch-up contribution amount you specified cannot exceed the amount of your pay after all other
required deductions have been made. (Required deductions include regular TSP contributions and TSP
loan payments.)
(3) Your catch-up contributions will not continue into the next calendar year.
You are not eligible to make catch-up contributions if you are in nonpay status or if you are ineligible to make TSP
contributions because you have made a financial hardship in-service withdrawal within the last 6 months. If you have
elected to make catch-up contributions and you subsequently enter a noncontribution period, deductions will stop.
Contributions will not restart automatically. You must make a new election when your noncontribution period ends.
You may stop your catch-up contributions at any time by submitting a new Form TSP-1-C to your agency indicating
that you want your election to stop. (See Section III.)
You must sign this section or your request to start or change your catch-up contributions will be rejected.
SECTION III
If you choose to stop your catch-up contributions, you must complete and sign this section. Your election should be
effective the first pay period after your agency receives it. You can restart your catch-up contributions at any time,
subject to the conditions above.
SECTION IV
In Item 13, enter the receipt date. This is the date that a properly completed form is received by the agency per-
sonnel office. If the form has not been properly completed, it should be returned to the employee.
In Item 14, enter the effective date of the election. Elections should be made effective no later than the first ful pay
period after receipt of a properly completed form.
You should provide the participant with a copy of this completed election for his or her records.
Form TSP-1-C (1/2009)
PREVIOUS EDITIONS OBSOLETE
