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Thrift Savings Plan. TSP logo. The Thrift Savings Plan ( TSP) is a defined contribution plan for United States civil service employees and retirees as well as for members of the uniformed services. As of December 31, 2021, TSP has approximately 7 million participants (of which approximately 4.1 million are actively participating through payroll ...
ASW – Anti-Submarine Warfare. ASWO – Anti-Submarine Warfare Officer. AT – Annual Training (U.S. Navy Reserve, type of active duty orders, typically less than 30 days) AT – Aviation Electronics Technician [1] ATS – Auxiliary, Towing and Salvage, class/type of ship. AUTEC – Atlantic Undersea Test and Evaluation Center.
The Thrift Savings Plan (TSP) is a defined contribution plan that is available only to military service members and federal employees. It is similar to the 401(k) plans offered by many private ...
Federal Employees Retirement System. The Federal Employees' Retirement System ( FERS) is the retirement system for employees within the United States civil service. FERS [1] became effective January 1, 1987, to replace the Civil Service Retirement System (CSRS) and to conform federal retirement plans in line with those in the private sector. [2]
The Federal Thrift Savings Plan. The Thrift Savings Plan, or TSP, is similar to a 401(k), but only offered to federal employees, making members of the uniformed services eligible. Federal ...
The United States Navy Reserve (USNR), known as the United States Naval Reserve from 1915 to 2005, [1] is the Reserve Component (RC) of the United States Navy.Members of the Navy Reserve, called Reservists, are categorized as being in either the Selected Reserve (SELRES), the Training and Administration of the Reserve (TAR), the Individual Ready Reserve (IRR), or the Retired Reserve.
The Thrift Savings Plan is a tax-deferred defined contribution plan similar to a private sector 401(k) plan. The Thrift Savings Plan is one of the three parts of the Federal Employees Retirement System, and is the largest defined contribution plan in the world. As of August 2021, the board manages $794.7 billion in assets on behalf of 6.4 ...
Military personnel can choose between a pension and a Thrift Savings Plan, or TSP, which functions similarly to a 401(k). The pension plan is a defined benefit plan, which means retirees receive a ...