The Thrift Savings Plan on Friday (October 15) will begin one of its twice-yearly open seasons, an
opportunity for eligible employees not currently investing in the program to begin investments and
one for those currently participating to change their levels of investment. During the open season,
which runs through the end of the calendar year, FERS system investors may raise their biweekly
contributions to as much as 15 percent of salary and those under CSRS may raise theirs to up to 10
percent, with both subject to an annual dollar cap, which itself is rising in 2005, to $14,000. The
percentage of salary limits are set to end a year from now, although the annual dollar caps will
remain.