Who should use this calculator?

Use this calculator only if you are a highly paid FERS employee who wants to maximize Agency Matching Contributions to your TSP account.  (Click here for more information.) 

Note:  This calculator may be used by a FERS employee who is also contributing to a uniformed services TSP account as a member of the Ready Reserve to determine if a contribution election to the employee's uniformed services account will jeopardize his or her receipt of the maximum Agency Matching Contributions to the civilian account.

Why should you use this calculator?

Highly paid FERS employees who elect the statutory percentage limit during the open season may reach the contribution limits and IRS limits before the end of the year.  Consequently, their contributions and their attributable Agency Matching Contributions must also stop for the remainder of the year.  As a result, those FERS employees will lose some of their Agency Matching Contributions.  For more detailed information, read the Fact Sheet Annual Limit on Elective Deferrals.

The dollar amount determined by using this calculator distributes employee contributions over the entire year (or remainder of the year), and thus allows those employees to receive the maximum attributable Agency Matching Contributions.

Warning:  This calculator can provide you with a reasonable estimate.  However, calculations may vary from actual contribution amounts because of a variety of factors influencing your pay (including pay increases) and the accuracy of the input.

What information do you need to use this calculator?

• Your most recent earnings statement.

• The pay date your new TSP election will become effective.

• The number of salary payments you will receive in 2005 from which your new contribution election will be deducted.

Note:  You may need to get this information from your personnel or payroll office.  They can also help you coordinate the timing of your election so that only your 2005 contributions are affected.