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Show Open season brings savings plan changes "We remind employees that these changes are effected either through the Federal Employees' Retirement System ill find some changes in the Thrift Savings Plan designation process and a number of new options during the next TSPopen season. May 15 to July 31. "One of the most significant changes is a revision to the TSP election process," said Christine Wat kins, employee relations specialist for the Benefits and Enti-- d BEST or directly with TSP. Our office no longer processes this paperwork, but we do provide briefings in organizations on these changes and how to effect them," Bronson said. Organizations can schedule briefings by calling Ext. Beginning with this open season, employees will use the BEST automated system only to contribute, change their contribution amount or to terminate their TSP contributions. Access the BEST Web nis Service Team here. "It's important tor employees to understand that desni ignating the TSP contribution amount and designating the TSP contribution site at www.afpc jnndolphuifjnildpcBEST menu. htm. To use the telephone automated system, call (800) Employees wishing to change their contribution allocation must contact the TSP service office directly at www.tsp.gov, or by calling the Thriftline at (504) allocation ;ire now two separate processes." Previously, employees used the BEST telephone automated system or the Web to select the contribution amount (the dollar amount or percentage employees choose to invest) and their contribution 997-237- 8. 255-877- allocation (the various funds in which employees invest their money). These are significant changes and we encourage all employees to review this information and give thoughtful consideration to how the changes may impact their financial planning," said Carolyn Bronson, from the Entitlements Section, Labor and Employee Management Rela 7. The good news is contribution allocations are no longer tied to TSP open seasons," Watkins said. "Employees can change their contribution allocations as often as they like." As of May 1, employees have two new funds in w hich to invest their TSP contributions or current TSP accounts. Peo- - 1 Checks & "More" When the next open season begins, employees will also see additional benefits to TSP eligibility and the amount of money they can contribute, said officials. Newly hired and rehired civilian employees will be eligible to participate during this open season. There will no longer be a waiting period to start contributions. Although FERS employees will not be eligible to receive the agency's 1 percent mated System," at or matching contributions until they have satisfied the normal waiting period their own typically six to 12 months contributions start working for them 7 iff i. p.m. CDT (6 a.m.-- 6 p.m. Mountain Day- light Time). TSP is not available to uniformed services members at this time and a specific Air Force office has not been identified to manage the military TSP program. exceed the Internal Revenue Service elective deferral limit. Open season elections completed in Qggg www.afpc.ran-dolph.af.mildpcBESTautomated.htri- Employees with questions regarding the TSP open season can contact a BEST benefits counselor by calling the telephone automated system. Benefit counselors are available weekdays, 7 a.m. to immediately. Employees can also invest an additional 1 percent The 5 percent (CSRS) and 10 percent (FERS) limits on contributions will increase to 6 percent and 11 percent of the employee's annual salary, not to 1 ms mm o Show Hours Thurs & Fri IOam 8pm -- Check out our Great SUMMER .... SPECIALS " national Stock Index Investment (I) Fund. Wkdnksoay 1pm --8pm CHECK LOANS EASY PAYMENT PLANS Summer TSP funds: the Common Stock Index Investment (C) Fund; the Fixed Income Index Investment (F) Fund; the Government Securities Investment (G) Fund; and the new Small Capitalization Stock Index Investment (S) Fund; and Inter- Grand Optning PAY DAY LOANS the BEST automated system will be effec tive on or after July 1, depending upon the date the transactionjs completed. "A TSP personal identification number and a BEST PIN are required to access the TSP and BEST systems and the PL's are different," said Watkins. "Employees who have forgotten their TSP PIN can obtain a new one within 10 business days by accessing the TSP home page or Thriftline. The BEST telephone and Web systems provide a menu option to select a new PLN for employees who have forgotten their BEST PIN." More information on accessing the BEST Web or telephone automated system can be found in the BEST article titled. "How to Access the BEST Auto- pie can invest in one or more of the five tions Branch, Ogden ALC Civilian Personnel Division. RANDOLPH AFB. Texas (AFPN) Federal civilian employees covered by the Civil Service Retirement System or Saturday May Mo&her'a 9-10-11- -12 Day Boutique9 WEBER COUNTY FAIRGROUNDS 1000 No. 1200 W. V OGDEN Exit 349 off .IOam 5pm -- " 1-- 15 Quality Handcrafted " Central Checkout FREE ADMISSION mcvwdwoov Over 100 booths Your Personal Loan Center" Located at: Sa6lc t?iuutcial Ittc. LAYTON 2182 N. Hillfield Rd. 2 776-140- 0 PARK U N I I V S l T Y Monday AC 201 1 . 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Lee SS Carlson II 'Applicable towards CCAF Reg'stration Beal Willcox 0 MG363(EC301) CS140 MA AM 0 Introduction to Biology Introduction to Computers Financial Institution and Markets Bl 106 OC Black Thursdays Earty Morning - Daily HU 915 Wnting Strategies Concepts Basic Concepts of Statistics Introduction to Management Senior Seminar in Management MG 401 AC 202 MA 1 31 Stromberg Steggell Beat & MG101 WCPG Fuller Brown Public Speaking College Algebra Theories of Personality (MA1 05 or Test) PG 5 630-- 1 1 MA Stromberg Fuller Research Wednesday CCAF 5 Principles of Accounting Discrete Mathematics Programming Fundamentals 51 ) lOt illtO HILL AFB EXTENSION BLDG. 383 28 MAY - 22 JULY 2001 TERM V SCHEDULE FOR INFORMATION CALL: 2 2 OR I CS208' (MA131) CS 2 1 9 (M A 31 CS EN 106 & sm 26062 (0)GV3E EE QD TrTTrrhY7u Chariotjluto Sales inexi io Macev's) 562 South State. ClearfMH . (801) 774-619- 5 "i |