TSP Open Season Drawing to Close

TSP investors wishing to take advantage of the current open season must do so by the end of this month-not the end of July as in previous years. This was the first year of the new cycle in which the spring open season runs April 15-June 30, starting and ending a month earlier than TSP open seasons traditionally had. The open season allows investors to adjust the amount of their investments, up to 8 percent of biweekly salary for CSRS employees and up to 13 percent for those under FERS, subject to an annual dollar cap of $12,000 this year. Investors may change the allocation among the TSP funds of their prior investments and their ongoing investments at any time, although as a practical matter many such changes are clustered in the open seasons. The next open season will run October 15-December 31.