Form Tsp U 1 – Fill Out and Use This PDF

THRIFT SAVINGS PLAN

TSP-U-1

ELECTION FORM

Use this form to start your contributions to the Thrift Savings Plan (TSP), to change the amount of your contributions, or to stop your contributions.

Before completing this form, please read the Summary of the Thrift Savings Plan for the Uniformed Services and the instructions on the back of this form. Type or print all information. Return the completed form to the office of your service that is responsible for en- rolling members in the TSP (see instructions). Your service will return a copy to you after completing Section V.

Note: To allocate your contributions among the five investment funds, see the instructions in the General Information section on the back of this form. This form cannot be used for that purpose.

I.

INFORMATION

1.

ABOUT YOU

Name (Last)

(First)

(Middle)

2.

Mailing Address (may be APO or FPO)

City

State

Zip Code

3.

–

–

4. (

)

Social Security Number

Telephone (Area Code and Number)

5.

/

/

6.

Date of Birth (mm/dd/yyyy)

Office Identification (Service and Organization)

IV.								/		/
SIGNATURE	15.						16.
		Service Member’s Signature						Date Signed (mm/dd/yyyy)
V.	17.			18.	/	/	19.	/		/
FOR
SERVICE		Payroll Office Number			Effective Date (mm/dd/yyyy)			Date member will become eligible to
								resume contributions (mm/dd/yyyy)
USE ONLY
								(if member completed Section III).
	20.						21.	/		/
			Signature of Service Official						Receipt Date (mm/dd/yyyy)

ORIGINAL TO PERSONNEL FOLDER	Form TSP-U-1 (9/2002)
Provide a copy to the member and to the Payroll/Finance Office.	PREVIOUS EDITION OBSOLETE

INFORMATION AND INSTRUCTIONS

GENERAL To start or change your contributions, submit this form within 60 days of the date you join the uniformed ser-

INFORMATION vices or during a TSP open season (April 15 – June 30 or October 15 – December 31). If you are a member of the Ready Reserve and are called to active duty, or if you are a member leaving active duty and entering the Ready Reserve, you may also make a contribution election within 60 days of your change in status. (Special rule for bonus pay only: If you are already contributing from basic pay, you may elect to contribute from bonus pay at any time.)

To stop your contributions, submit this form at any time. (See Section III.)

Your TSP election will stay in effect until you submit another election or until you separate from service. Conse- quently, if you elect to contribute from bonus pay, your election will cover future installments or any other bonus pay to which you become entitled until you specify otherwise.

Basic pay for active duty is defined in 37 U.S.C. section 204; pay for Ready Reserves (e.g., inactive duty for training (IDT) pay) is defined in 37 U.S.C. section 206. Incentive pay (e.g., flight pay, submarine pay, hazardous duty pay), special pay (e.g., medical and dental officer pay, hardship duty pay, career sea pay), and bonus pay (e.g., enlistment and reenlistment bonuses), are defined in 37 U.S.C. chapter 5. (Although bonus pay is a form of special pay, it is treated separately from special pay for TSP purposes.)

To allocate your contributions among the five investment funds, use the TSP Web site (www.tsp.gov), the ThriftLine ((504) 255-8777), or Form TSP-U-50, Investment Allocation. If you use the Web site or ThriftLine, you will need your Social Security number and your TSP Personal Identification Number (PIN). If you are a new participant, you will receive your PIN by mail after your account has been established. If you choose to submit Form TSP-U-50, do not do so until you receive a letter from the TSP record keeper confirming that your new account has been established. Your contributions will be invested in the Government Securities Investment

(G) Fund until you specify otherwise. Read the Plan Summary to learn about the other TSP funds.

If you change your address, notify your service’s office that is responsible for your TSP enrollment so that your service can correct your records for your TSP account.

SECTION I		Complete all items in this section. In Item 4, provide your daytime telephone number.
SECTION II		Complete this section to start or change the amount of your contributions.
		Item 7. Percentage of Basic Pay per Pay Period. You may contribute up to the limits specified below (but you
		may not exceed the Internal Revenue Code (IRC) annual limits).
		For pay periods	The maximum contribution
		beginning:	allowed from basic pay is:		IRC Limit
		Before December 2002	. . . . . . . . . . . . 7%	2002	. . . . . . $11,000
		December 2002	. . . . . . . . . . . . 8%	2003	. . . . . . $12,000
		December 2003	. . . . . . . . . . . . 9%	2004	. . . . . . $13,000
		December 2004	. . . . . . . . . . . 10%	2005	. . . . . . $14,000
		December 2005 and thereafter . . . .	TSP contribution limits eliminated	2006	. . . . . . $15,000
		Items 8, 9, 10. Percentage of Incentive Pay, Special Pay, or Bonus Pay per Pay Period. If you elect to
		contribute from basic pay, you may also elect to contribute from 1% to 100% of any incentive pay and special
		pay, including bonus pay, that you receive (but your total contributions for the year cannot exceed the IRC
		limits). If you are not now receiving incentive pay or special pay, including bonus pay, your election will take
		effect whenever you become entitled to this pay.
		Internal Revenue Code section 402(g) and section 415(c) may limit your annual contributions. See the Plan
		Summary for more information about these statutory limitations.
	SECTION III	Complete this section to stop your contributions. If you stop your contributions from basic pay (Item 11), your
		service will automatically stop your contributions from incentive pay and special pay, including bonus pay.
		However, you may stop contributing from incentive pay, special pay (except bonus pay), or bonus pay and still
		continue your contributions from basic pay.
		If you stop contributions during a TSP open season, you may resume them in the next open season. If you stop
		your contributions outside an open season, you must wait until the second open season following the termination
		to resume your contributions. If you stop contributions from bonus pay, you may elect to reinstate the bonus pay
		election at any time.
SECTION IV		You must complete this section.

Form TSP-U-1 (9/2002)

PREVIOUS EDITION OBSOLETE