NASAPeople

What Changes Can I Make?	When Can I Make a Change…	When Will My Change Become Effective?	How Do I Make a Change…	Where Do I Go For Help…	How Does This Affect Me…
Increase Contributions If you are a FERS* employee, you can increase your contributions up to 14% of your basic pay. *Note: Generally employees hired on or after 01/01/84. Refer to Section A of your Benefits Statement. Refer to block 30 of your latest personnel action.	During Open Season: Apr 15 - June 30	If your change is received by: June 12 th - effective date is June 13th June 26 th - effective date is June 27th June 30 th - effective date is July 11th	Employee Express	TSP website Your Benefits Counselor	Less taxable income, more money saved for retirement. Government matching amount does not change. Still subject to the $13,000 IRS limit for 2004
Increase Contributions If you are a CSRS or CSRS Offset employee, you can increase your contributions up to 9% of your basic pay. *Note: Generally employees hired before 01/01/84. Refer to Section A of your Benefits Statement. Refer to block 30 of your latest personnel action.	During Open Season: Apr 15 - June 30	If your change is received by: June 12 th - effective date is June 13th June 26 th - effective date is June 27th June 30 th - effective date is July 11th	Employee Express	TSP website Your Benefits Counselor	Less taxable income, more money saved for retirement. Government matching amount does not change. Still subject to the $13,000 IRS limit for 2004
Adjust Your TSP Contributions -- If you will exceed the 2004 $13,000 IRS limit before the end of the calendar year. Note: Currently this only affects FERS employees. You may wish to adjust your contribution to a smaller percentage or dollar amount in order to take full advantage of the government matching contribution for the entire year.	During Open Season: Apr 15 - June 30	If your change is received by: June 12 th - effective date is June 13th June 26 th - effective date is June 27th June 30 th - effective date is July 11th	Employee Express	TSP website Your Benefits Counselor	Less taxable income, more money saved for retirement. Government matching amount does not change. Still subject to the $13,000 IRS limit for 2004. Refer to your Benefits Statement Section N - Recommended Biweekly Deduction
Decrease Contributions If you are a FERS, CSRS, or CSRS Offset employee you can decrease your biweekly contribution (percentage or dollar amount).	During Open Season: Apr 15 - June 30	If your change is received by: June 12 th - effective date is June 13th June 26 th - effective date is June 27th June 30 th - effective date is July 11th	Employee Express	TSP website Your Benefits Counselor	Higher taxable income, less money saved for retirement; if FERS - possible loss of government matching.
Catch-up If you are age 50 or older and you are already contributing the maximum amount of regular TSP contributions.	Any time	Pay period after receipt of your change	Employee Express Or TSP-1-C Election Form	TSP website Your Benefits Counselor	Less taxable income, more money saved for retirement
Interfund Transfer- (change current fund allocations between G Fund-government Securities, C Fund-common stock, F Fund-fixed income, I Fund-international stock, or S Fund-small capitalization stock funds)	Any time	If your change is received by the TSP Service Office by the 15th of the month, it is effective the last day of that month. Requests received after the deadline are made effective the last day of the following month.	- TSP website or - Thriftline (205) 544-8777 or -TSP-50 Investment Allocation form (must be mailed by employee to the TSP)	TSP website Your Benefits Counselor	You are responsible for confirming that your requested changes were properly executed. Refer to your confirmation report or your statement from the TSP Service Office.
Investment Allocation - (change future fund allocations between G Fund-government Securities, C Fund-common stock, F Fund-fixed income, I Fund-international stock, or S Fund-small capitalization stock funds)	Any time	Changes made on the website or Thriftline will become effective within 2 business days.	- TSP website or - Thriftline (205) 544-8777 or -TSP-50 Investment Allocation form (must be mailed by employee to the TSP)	TSP website Your Benefits Counselor	You are responsible for confirming that your requested changes were properly executed. Refer to your confirmation report or your statement from the TSP Service Office.
Stop Contributions If you are a FERS, CSRS, or CSRS Offset employee you can stop biweekly contributions	Any time	Pay period after receipt of your change	Employee Express or TSP-1 Election Form	TSP website Your Benefits Counselor	Higher taxable income, less money saved for retirement, FERS - loss of government matching
Begin Contributions Start your biweekly contributions (percentage or dollar amount)	During Open Season: Apr 15 - June 30	If your change is received by: June 12 th - effective date is June 13th June 26 th - effective date is June 27th June 30 th - effective date is July 11th	Employee Express or TSP-1 Election Form	TSP website Your Benefits Counselor	New employees no longer have to wait through an open season to start contributing. Less taxable income, more money saved for retirement, FERS - gaining government matching after waiting period.
Retirement Plan Rollover Transfer money from an existing retirement plan or conduit IRA	Any time	When rollover application process is completed by the TSP Service Office	TSP website, TSP-60 Request for Rollover	TSP website Your Benefits Counselor	You are responsible for confirming that your requested changes were properly executed. Refer to your confirmation report or your statement from the TSP Service Office.
Adjust your W-4 Withholdings?	Any time	Pay period after receipt of your change	Employee Express or W-4 Withholding form	Your Benefits Counselor	Decreases tax withholding to match reduced taxable income resulting from increased TSP contributions.