U.S.

September 27, 2012

TSP Roth option now available

Senior Airman Racheal Watson
633rd Air Base Wing Public Affairs

LANGLEY AIR FORCE BASE, Va. — Federal civilian employees and members of the uniform services now have the option of being taxed up front rather than during their retirement years-at a possible higher rate, with a Roth Thrift Savings Plan program, starting Oct. 1, 2012.

TSP is a retirement savings plan, based on member contribution-meaning the retirement income an individual receives depends on how much the individual puts into the account during their working years, and the earnings accumulated over that time.

Members can initiate paperwork, TSP-U-1 dated May 2012, to open a Roth TSP account effective Oct. 1. Initial contributions will be collected November 2012, in accordance with current TSP rules and policies.

The first part of the member’s TSP deduction will be withheld from the member’s November midmonth pay, and the first full Roth TSP deduction amount transmitted to the TSP Agency Technical Services, Nov. 30, 2012.

For more information or questions concerning TSP, members can visit www.tsp.gov, which gives a comprehensive overview of the program, and both the Traditional and Roth options.




All of this week's top headlines to your email every Friday.


 
 

 

Local Briefs July 2, 2015

Sunset Horseback Ride August 8, 4 – 8 p.m. – Outdoor Rec Saddle up and enjoy a 2-hour sunset horseback ride through the Saguaro National Park. Single Airmen can sign-up beginning July 6. All others may sign-up beginning July 13. Final deadline is July 31. Minimum age: 18. Cost of $25/person. Call 228-3736 for more...
 
 
(U.S. Air Force photos by Airman 1st Class Chris Massey)

F-15E Strike Eagle students complete training at D-M

Student pilots from Seymour Johnson Air Force Base, N.C., have been training here since June 17. Fourteen F-15E Strike Eagles from the 334th Fighter Squadron, as well as pilots and Weapons Systems Officers came to D-M to com...
 
 

D-M’s Fourth of July Celebration

For July 4, D-M is scheduled to hold a few evening events to celebrate the holiday. Shuttles for the fireworks are scheduled to start running at 5:30 p.m. from Heritage Park, the Sonoran Science Academy and Borman Elementary School. Pre-firework events are slated to begin at 6 p.m. at Bama Park featuring live music by...
 

 

Giving life through the Living Donor Program

  As Airmen, it is our responsibility to help each other, as well as our civilian counterparts from day to day. But what if the need was greater than something as simple as a ride to work? What if it was as great as a kidney donation? Located in Sacramento, Calif., The University of California...
 
 

Balancing career, family through career intermission program

  KADENA AIR BASE, Japan (AFNS) — Being in the U.S. military can be a tough balance between career and family. For some, it comes down to a choice between the two; however, for Katie Evans, a temporarily separated captain and the former 18th Force Support Squadron manpower and personnel flight commander here, it’s about...
 
 

One AWACS lands at D-M for Boneyard Storage

One NATO E-3A AWACS (Airborne Warning and Control System) departed NATO Air Base Geilenkirchen, Germany and landed around 1 p.m. June 23, for storage in the ‘Boneyard’. This is the first ever NATO AWACS to be retired. The decision to retire one E-3A was made by the North Atlantic Council in an effort to modernize the...
 




0 Comments


Be the first to comment!


Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>