Allowing TSP Contributions Outside 401k Threshold

Cash Money
Cash Money
Priority
Joint-Personnel

The Issue

The law currently caps the amount of money individuals can annually contribute to one or multiple retirement accounts to $18,500. Servicemembers are therefore restricted from contributing $18,500 to each of their military and civilian retirement accounts.

Recommendation

Amend the law to allow reserve component servicemembers to contribute the full $18,500 annual contribution to each of their military TSP and civilian retirement accounts.

Air National Guard
Army National Guard
Pay and Benefits