End of TSP Open Season Coming Up

December 31 marks the end of the current open season in the Thrift Savings Plan for those not yet participating to join or for current participants to change the amount of their biweekly investments. Employees under the FERS retirement system may raise their investments to up to 14 percent of salary and those under CSRS can raise them to up to 9 percent, with all investors subject to a calendar year 2004 dollar cap of $13,000-which in the case of higher-paid employees effectively sets a lower limit than do the percentage limits. The next open season starts April 15.