Thrift Savings Plan (TSP) is a defined-benefit plan for members of the armed forces as well as retirees from the United States civil service. TSP will have more than $827.2 billion in assets under management as of December 31, 2021, and approximately 6.5 million participants, of which approximately 3.9 million will be actively participating through payroll deductions.
Thrift Savings Plan for Federal Employees
TSP has pride in providing services to millions of federal employees who serve our nation at the Thrift savings plan mission has always been to center everything we do on your and your beneficiaries best interests. Thrift Savings Plan grown over the years, and we still want to help you choose the right investments, tools, and information to help you define and achieve your specific retirement goals.
TSP now offers more options and features than ever before to enhance your TSP experience enhanced account security and access, simplified online transactions to cut down on paperwork and save you time, expanded support options, and more.

Benefits of your TSP account
The TSP was created to provide you with a long-term savings and investment strategy for retirement. The Thrift Savings Plan offers a number of benefits for retirement savings, including the following:
- Automatic payroll deductions.
- A diverse selection of investment options, including individual funds, and automatic payroll deductions professionally designed lifecycle funds that mix individual funds with a focus on particular target dates; a mutual fund window to give you more control over your investments.
- A choice of tax treatments for your contributions; traditional (pre-tax) contributions with tax-deferred investment earnings; Roth (after-tax) contributions with tax-free retirement earnings if you meet IRS requirements.
- Low administrative and investment expenses.
- Access to your money while you are employed by the federal government.
- Death benefits for your spouse in the event of your death.
- A variety of distribution options in retirement; and a mutual fund window.
How to invest in TSP.Gov
For your retirement, Thrift Savings Plan offer a variety of investment choices. From a short-term U.S. Treasury security to domestic and international stock index funds, you can select your own investment mix. Or, if you’d rather, go with one of Thrift Savings Plan Lifecycle (L) Funds, which use a professionally chosen investment mix to provide a well-balanced investment strategy based on when you’ll need money and for login information view TSP Login.
How to change your TSP investments
There are three ways to modify the investments of your TSP funds: election of investments, reallocation, and transfer of funds Either by logging into My Account or by selecting one of the Thrift Line options, you can carry out these transactions. When you change your TSP investments, we will send you an email confirmation if we have a valid email address for you on file. For official Thrift Savings Account Plan Click here.
Change the mix of investments in your TSP with an investment election. With an investment election, you can invest new money that goes into your TSP account. All subsequent deposits to your account are subject to your investment choice. These include contributions from employees; contributions from agencies and services (if you are FERS or BRS); any incentive, bonus, or special pay you earn as a member of the uniformed services; any transfers from other retirement plans to the TSP and any payments on TSP loans. Your current account balance will not be affected by your investment choice. Until you submit a new investment election, your current one will remain in effect.
Most of the time, any changes you make to your investment choice will take effect the next business day. You can move money that is already in your account among the TSP funds with a reallocation. When you reallocate funds, you decide how much of each you want to invest. You can’t move money from one fund to another. For instance, if you have Roth and traditional (including tax-exempt) money in your account, your reallocation will transfer a proportionate amount from each type of money into the funds you specify.