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Thread: Employer Contribution to TSP

  1. #1
    MJSRN is offline Newbie
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    Default Employer Contribution to TSP

    I understand that Employer is now supposed to match contributions to the TSP up to 5 percent, even if employed less than one year. My question is; will there be retroactive contributions for monies contributed before this one year rule was changed?


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  3. #2
    squalebear's Avatar
    squalebear is offline TSP Universe
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    Wink Re: Employer Contribution to TSP

    Quote Originally Posted by MJSRN View Post
    I understand that Employer is now supposed to match contributions to the TSP up to 5 percent, even if employed less than one year. My question is; will there be retroactive contributions for monies contributed before this one year rule was changed?
    When it comes to the Government, you'll find that they seldom do anything
    that will cost them more money. The mere word "Retroactive" makes both Republicans
    and Democrats turn pale and run for the hills. I haven't found anything that would lead
    one to believe that Federal Employees will benefit from a Retroactive matching of contributions.

    The government tends to go by dates that the new policy began. Anyone
    hired after such and such a date will be treated differently then those hired
    prior to that date.

    I hope I got your question right and it helped in some small way.
    My thoughts of future market events are strictly my gut feelings and have nothing
    to do with actual knowledge or experience concerning the Stock Market or Investing.

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  5. #3
    Show-me's Avatar
    Show-me is online now TSP Guru
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    Default Re: Employer Contribution to TSP

    Welcome, I believe you only get the contributions from the date of enactment of the rule change. Any time before that would not be covered because it was not the rule.

    Short answer, no.
    "The tree of liberty must be refreshed from time to time with the blood of patriots and tyrants." -- Thomas Jefferson

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