Catch-up Contributions Reminder

Meanwhile, employees who are age 50 or above, or will be before the end of the year, and who have already hit the dollar limit or are on an investing pace to do so by the end of the year, may wish to investigate making “catch-up” investments. Those investments are above the normal dollar limit but must be elected separately and carry no matching government contributions for FERS employees. Unlike regular TSP investing, catch-up contribution elections do not carry over from one year to another, so eligible persons who made such investments last year have to submit a new election for this year. The maximum this year is $5,500.