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Thrift Savings Plan Adds Roth Option

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All University federal employees will soon have the opportunity to elect Roth (after-tax) contributions, in addition to, or in lieu of, traditional (pre-tax or tax deferred) Thrift Savings Plan (TSP) contributions.

The pay period of May 7, 2012, is the first cycle in which employees will have the ability to elect Roth TSP contributions from their paychecks. Extension Human Resources will send an email to federal employees on May 7 with detailed information about how to elect Roth TSP contributions, rules on contributions and deferral limits.

Visit the TSP website to watch a video about Roth contributions and to view a comparison of Roth vs. Tradition Contributions.  For questions, contact Deb Page at brick007@umn.edu.

Deb Page
Assistant Director, Human Resources

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