R 072108Z DEC 12

ALCGCIV 017/12
COMDTNOTE 12800
SUBJ: 2013 TSP ELECTIVE DEFERRAL LIMIT
1.  For 2013, the IRS elective deferral limit is 17,500 dollars.
Employee contributions to the Thrift Savings Plan are considered to
be elective deferrals.  Employees who will be age 50 or older during
2013 may also contribute up to 5,500 dollars in additional (catch-up)
contributions if their regular contributions for the year will reach
the 17,500 dollar limit.  Employees may start, stop, or change
catch-up contributions at any time.  Catch-up elections do not
automatically continue, therefore new elections must be made for each
calendar year.
2.  When the elective deferral limit is reached, employee
contributions are suspended for the remainder of the year.  Agency
matching contributions for FERS employees are also suspended when the
elective deferral limit is reached.  FERS employees interested in
contributing the maximum should keep that in mind when making a
contribution election.
3.  As a reminder, TSP contributions for pay period 25 will count
towards the 2012 IRS elective deferral limit.  TSP contributions for
pay periods 26 and 27 of 2012 and pay periods 1-24 of 2013 will be
reported on the 2013 W-2.
4.  Employees wishing to contribute the maximum in 2013, in equal
installments, should elect to contribute 674.00 dollars per pay
period for regular contributions, and 212.00 dollars for catch-up
contributions, starting in pay period 26.
5.  For more information on TSP contribution limits for 2013, refer
to the TSP website at http://tinyurl.com/bm2c62p.
6.  Contribution elections should be made on My Employee Personal
Page at https://www.nfc.usda.gov/personal/index.aspx.
7.  If you have any questions, please call your benefits specialist
or email them at benefits(at)uscg.mil.
8.  Michelle Godfrey, Acting Chief, Office of Civilian Human
Resources, sends.
9.  Internet release authorized.