TSP Limit Remains Flat

The amount of money military members and civilian federal government employees can contribute to their Thrift Savings Plan accounts during 2011 will remain at the same rates as 2010 — $16,500. Catch-up contributions will also stay at the 2010 rate — $5,500. Thrift Savings Plan participants can lower their annual tax burden by contributing a portion of their annual income to their accounts, and deferring income tax payment on that amount until they draw money from the account upon retirement. Information is available online at www.tsp.gov.