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Show 0 Hilhop0. Times 2003 April - RANDOLPH AFB, Texas (AFPN) Civilian and military employees can sign up for or change Thrift Savings Plan accounts during "open season" from April 15 to June 30. TSP is an easy, long-terretirement savings plan that everyone should consider," said Maj. Alessandra Stokstad, chief of the Air Force Personnel Center's contact center here. "Current account holders might be interested, too, in transferring money from one fund to another the TSP folks are set up to handle that." "Either way it's a great supplement to military and civilian retirement plans," said Stokstad. "It's important to note that TSP is not limited to investing in stocks. People can choose safer government securities as well." "Employees already contributing to the TSP are encouraged to review their TSP plan and account balances," said Janet Thomas of the center's civilian benefits and entitlements service team, "as the period is the best time to open an account or make changes to an existing one." TSP offers investors the chance for lower taxes each year they contribute while not having to pay taxes on earnings until they reach retirement. "You can take out loans and make withdrawals from your TSP account," said Thomas. "And you can keep your account even if you leave military or federal service." Investment money is deposited directly from each paycheck "so you never have to think about it," said Stokstad. "That makes it easy to 'pay yourself first' while only investing what you deem appropriate." The five TSP funds are: the Government Securities Investment (G) Fund; the Common Stock Index Investment (C) Fund; the Fixed Income Index Investment (F) Fund; the Small Capitalization Stock Index Investment (S) Fund; and the International Stock Index Investment (I) Fund. "As with any individual retirement account, the sooner you begin contributing, the better," said Stokstad. m open-seaso- n Laugh in Dr. Aaron Barson Davis Hospital Some of the specifics of the program include: Military: Military members can contribute up to 8 percent of their base pay. Airmen also have the ability to invest all or part of their bonuses or special pay. But their total yearly investment cannot exceed $12,000, except those serve in combat zones are allowed up to $40,000 in annual ing tax-fre- contributions. Military members can enroll through the Defense Finance All Air civilian employees must choose their TSP contribution amount or changes through the BEST autoor commercial mated phone system at (800) in San Antonio. Hearing-impaireemployees may contact BEST by calling or commercial Overseas employTDD (800) e for the country dial a number direct access ees can and in. numbers are located access Direct instructions are they Force-service- d 527-237- 997-237- 8 d 382-089- 565-227- 6. 3 toll-fre- Counselors are available weekdays from 6 a.m. to 5 p.m. Mountain Time. The BEST Employee Benefits Information System web application is located at http:www.afpc. raiulolph. ters. Civilian: Contribution limits are based on which retirement system an employee has. Federal Employees' Retirement System employees may contribute up to 13 percent of basic pay each pay period. The government provides matching funds of up to 4 percent as well af.mildpcBESTGRBEBIS.htm. 1 as an automatic MIX & 776-200- iT. j Layton toll-fre- 665-500- 0 229-707- ADVANCE i - NEED EXTRA CASH SNOWS CASH ADVANCE CENTERS - "" m Can't wait until Davdav. We Make Todav Now Open North Salt Lake, 470 E. 1100 S. PAYDAY OPEN: Mon. - Sat. 801-295-83- 9 a.m. to 7 p.m. (Across Iroin lUIUkl lUUM if! Your Next 801-774-39- l U lllIBI "9 T f 04 Xtit.mM.tiint i. tn in B --- wjw r, r , 11 Lllhz: jwmr "mmem "mrnmr' I upto i NO ADDITIONAL LOAN FEES NO CREDIT NO PROBLEM NO HASSLE llUiTAl 2 1580 West Antelope Dr.. Suite 250 e or (866) News AFPC of Service) (Courtesy at DSN INSTANT CASH hair removal surface-med.co- 255-877- 7 ifmrnammmmm mm $350 95 $50 price varies skin rejuvenation People can choose which fund to contribute to by calling or on the the TSP automated ThriftLine at (504) members Web TSP site at http:www.tsp.gov. Military with general TSP questions can call the AFPC contact center percent each pay period whether the employee 1 1 m at http:www.afpc.randolph.af.niildpcbestmenu.htmand for airmen at and Accounting Service Web site at http:www.dfas.milemss. at local milThey can also enroll by filling out a Form TSP-U-cenfinance offices and flights, family support itary personnel Stretch marks Davis Medical Plaza or the BEST homepage ings Web site at http:www.tsp.gov members. FotoFacial (full face) Botox (starting at) Spider veins (starting at) jp The percentage FERS and CSRS employees may contribute will increase by one point each year through 2005, when they will be restricted only by the Internal Revenue Code's annual limit, which is $12,000 in 2003, Thomas said. Specific information is available for civilians on the Thrift Sav- Account changes June 1 for both military members and civilians. 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