The Family Smoking Prevention and Tobacco Control Act (P.L. 111-31) requires that newly hired federal employees will be automatically enrolled in the Thrift Savings Plan (TSP) and will be eligible to receive an immediate matching contribution from their employing agencies. In addition a “Roth”-type option can be added to the plan, which would allow participants to make after-tax contributions to TSP accounts and withdraw their earnings tax-free upon retirement. Furthermore, the law allows the new federal employees to invest their accounts in mutual funds outside the investment funds currently offered by the TSP.
Pass this information on to relatives who may be seeking federal employment either now or in the future. These workers are our future NARFE members.
.JPG)
No comments:
Post a Comment
** To post a comment select "Name/URL" from the "Comment as" drop down menu below and provide your name. **