TSP Issues Guidance on Upcoming Rise in Catch-Up Limits for Some
TSP Issues Guidance on Upcoming Rise in Catch-Up Limits for Some
As before, investments will automatically “spill over” into catch-up status once the standard limit is reached.
The TSP has said it will issue notices later this year to account holders who will be eligible to make additional investments beyond the normal limits starting in 2025 under the Secure 2.0 Act.
If the adjustment is more than 3%, FERS pensions are adjusted by the CSRS COLA minus 1. So in 2024, when the Social Security COLA was 3.2%, the COLA for FERS was 2.2%. Follow link to read more. https://bit.ly/3VRhTEZ