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Thread: Re-upping your TSP Catch Up Contributions?

  1. #1

    Join Date
    Oct 2010
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    Rocket City
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    Default Re-upping your TSP Catch Up Contributions?

    Hey All,
    So...as the end of the year looms, I was looking at my contributions.
    The limits for 2017 are the same as 2016 @ $18,000

    I have maxxed out my TSP contributions at $18K and also a Fidelity Roth IRA at $6K..(no paperwork needed...should keep humming along)

    I maxxed out my Pre-Tax TSP IRA at 6K as well, but by the rules, it looks like I need to resubmit the forms for 2017 for the TSP Catch Up.

    That is where the question comes in....
    Do I need to resubmit the paper form or can I use EMployee Express???
    EE has a field that says future effective date and it is currently filled in with 12/25/2016...

    Any ideas on the easiest way to resubmit for the coming year??

    thanks
    Bama


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  3. #2

    Default Re: Re-upping your TSP Catch Up Contributions?

    I find Employee Express the easiest way to continue the TSP catch-up or to make any changes to TSP contributions. I haven't used paper forms in eons. For me pay period 25 (which is paid on 1/3/17) is the first 2017 pay period to reflect TSP contribution changes. One year I forgot to renew the catch-up and noticed it in my pay stub. I was able to go to Employee Express and submit it with a 24 pay period spread.

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  5. #3

    Join Date
    Dec 2007
    Location
    inland Northwest
    Posts
    4,124

    Default Re: Re-upping your TSP Catch Up Contributions?

    I used my online HR system to restart TSP Catchup for the new tax year, did that on Monday, starting pp25.
    "life can only be understood backwards, but it must be lived forwards" - soren kierkegaard

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  7. #4

    Join Date
    Oct 2010
    Location
    Rocket City
    Posts
    246

    Default Re: Re-upping your TSP Catch Up Contributions?

    Quote Originally Posted by alevin View Post
    I used my online HR system to restart TSP Catchup for the new tax year, did that on Monday, starting pp25.
    Quote Originally Posted by Skorcher View Post
    I find Employee Express the easiest way to continue the TSP catch-up or to make any changes to TSP contributions. I haven't used paper forms in eons. For me pay period 25 (which is paid on 1/3/17) is the first 2017 pay period to reflect TSP contribution changes. One year I forgot to renew the catch-up and noticed it in my pay stub. I was able to go to Employee Express and submit it with a 24 pay period spread.
    Thanks for the comments guys.... When I went in last week and look at my Employee Express, it said under Traditional Pre-Tax and Traditional Pre Tax Catch Up that the effective date was 12/25.
    Now here I am on 12/25 and I went and looked again and both dates have changed to 1/8/2017
    I am trying to make sure that I dont skip a pay period, so when I click on "Change" it already has my Catch Up contribution filled in and the effective date of 1/8/2017.

    I am trying to figure out if I can just do something on EE to continue a years worth of Catch Ups...or if it is already done...
    I dont think I have really changed anything to this point.....

    I guess I am looking for the exact process usingg EE (if possible) to continue the contributions..
    thx
    Bama

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