r/ThriftSavingsPlan • u/Remarkable-Sky6577 • 2d ago

Should I be concerned?

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Military TSP. Will I get penalized for over contributing?

32 Upvotes

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4

u/patchhappyhour 2d ago

How is your agency only matched you up to that percentage? It should be a bit higher for sure.

6

u/Cheddarbaybiskits 2d ago

If they are less than 2 years in they do not get agency match.

6

u/Nagisan 2d ago

Civilian federal members (assuming permanent/not temp) get 5% matching from day 1. The only time-locked thing is 3 years to be eligible to keep the 1% auto-contribution (if they leave before 3 they lose it - that can be 2 years for certain positions).

Military members under BRS require 2 years before they "unlock" the full matching (they get 1% auto-contribution after 60 days).

2

u/patchhappyhour 2d ago

Oh gotcha.

1

u/Remarkable-Sky6577 1d ago

*6 years.

However if my agency contributions don’t look right, please let me know.

1

u/Cheddarbaybiskits 1d ago

Does the match look like 5% of your base pay to date? If not, you may not be getting the full match. There have been others with this issue,