Returning to the Federal Government: If you have been rehired by the federal government, there are a few things you need to know. If you are a rehired FERS or CSRS employee who has been out of service for more than 60 calendar days, whether or not you applied before leaving, your agency will automatically enroll you in the TSP. If you enter federal service on or after October 1, 2020, 5% of your base salary will be deducted from your paycheck each pay period and deposited into your TSP account, unless you choose to contribute immediately upon re-hiring. If you entered federal service between August 1, 2010 and September 30, 2020, you will automatically be enrolled at 3%.
You can change or stop your contributions at any time after being rehired. If you are a FERS employee, your auto agency/department (1%) and agency/department matching contributions (if you contribute your own money) will also begin immediately.
If you are a re-employed FERS or CSRS employee who has been out of service for 60 calendar days or less and you previously contributed to TSP, employee contributions and agency contributions ( for FERS) will continue upon re-employment. . If you have not contributed before, you can start at any time.
Returning to the Federal Government Uniform service:
If you return to uniformed services after taking a break of more than 60 days and you were a BRS member prior to your leave, your service will automatically enroll you in the TSP. If you join Uniform Service on or after October 1, 2020, 5% of your base salary will be deducted from your paycheck each pay period and deposited into your TSP account, unless you choose contribute immediately after being re-hired. If you join the Uniform Service from August 1, 2010 to September 30, 2020, you will automatically be enrolled at 3%. Your Services are Automatic (1%) and, if eligible, Service Match Contributions will also begin immediately.
If you Returning to the Federal Government to uniformed services after a break of more than 60 days and you were not a member of the BRS prior to your leave, you will not be automatically enrolled. You can open a TSP account or continue to contribute to your existing TSP account at any time after being rehired. To learn how, see Start, edit, or stop contributing.
If you return to your uniform obligation after a 60-day or less break and you are paying TSP fees when your time off from duty, those charges will continue even if you must be a member of the BRS or not. Automated service (1%) and matching contributions will also continue for BRS members.
Request an automatic subscription refund:
Employee contributions you make under the automatic enrollment program may be refunded to you during the first 90 days of the subscription period under certain circumstances.
If you are a FERS, CSRS or BRS participant who has been rehired after a service break of more than 60 calendar days, your ability to have your contributions refunded is subject to your prior repayment period. whether you have expired and how much time has elapsed since your last. Automatic subscription contributions. If the refund period for your previous Auto Subscription period has expired, you will not be able to claim your Auto Subscription fee for a refund until the end of one calendar year (January to October). 12) since your last auto-enrolment. If a full calendar year has passed, you will receive a new repayment term.
If the refund period for your previous automatic subscription has not expired, you will have until that date to request a refund. BRS members, note that the above rules only apply to members re-engaging the service. Those who automatically re-register because they stopped contributing to their TSP account will not be eligible for a refund. Reimbursement of your automatic employee contributions will not prevent your employer from deducting future contributions from your paycheck each pay period. If you also want to stop your automatic contributions, you must make an investment choice.
Loans:
If you are out of service for less than 31 calendar days, be sure to notify your new branch if you have any outstanding TSP Loans so your payments can continue. If you’ve missed any loan payments, you’ll have to make up any missed with your own money.
Distribution:
If your downtime is less than 31 calendar days, you are not eligible to receive distributions from your TSP account. If your service outage is 31 calendar days or longer, you are eligible, but not required, to receive distributions from your TSP account. Any distribution must be paid for and received while you are still unserviced. If you start receiving TSP payments after a breakup, these payments will stop when you are rehired. If you receive an annuity payment, they will continue.
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