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Show 8 Hilltop Ltlli November 9, 2000 SP season opens Wednesday RANDOLPH AFB, Texas (AFPN) System can contribute up to 5 percent of their basic pay each pay period, but do not receive any agency contributions, Watkins said. However, they do benefit from the tax savings and the tax deferred earnings. All TSP participants can choose to invest any portion of their TSP account in one or more of the three TSP funds: the Government Securities Investment (G) Fund, the Common Stock Index Investment (C) Fund, and the Fixed Income Index Investment (F) Fund. The Capitalization Index Fund and the Stock Index Fund will not be available until May. Information on these funds can be found in the Summary of the Thrift Savings Plan for Federal Employees booklet that employees can obtain as well as other TSP information.by accessing TSPs home page at www.tsp.gov or the Benefits and Entitlements Service Team (BEST) home page at www.afpc.randolph The next open season for the Thrift Savings Plan begins Wednesday and runs through Jan. 31. During this time, eligible employees can elect to contribute to TSP or make changes to their current contributions. TSP is a voluntary retirement savings and investment plan for federal civilian employees. Two of the main savings and features of TSP are before-taearnings. This means the contributions you make to TSP come out of your pay before taxes and the earnings made on your TSP account are not taxed until you receive the money, said Christine Watkins, employee relations specialist for the Benefits and Entitlements Service Team. Other features of the plan include a choice of investment options, interfund transfers, loans from withyour own contributions and earnings, drawals, and portable benefits if you leave federal sertax-deferr- x ed ce .af.mildpcBESTGRBEBIS.htm. vice. Watkins explained contribution limits set by the Fed- Employees serviced by the Air Force Personnel Center may make their TSP elections or changes through d the phone system at if calling within the San Antonio area) or by accessing the BEST Web site above. Employees needing assistance can speak with a BEST counselor by calling the automated phone system, pressing 3 for TSP and then 0. Counselors are available Monday eral Retirement Thrift Investment Board are based upon an employees retirement system. Employees covered by the Federal Employees Retirement System can contribute up to 10 percent of their basic pay each pay period and the government will provide matching funds up to 4 percent, Watkins said. In addition, the government will contribute an automatic 1 percent of the employees basic pay to their account each pay period whether they contribute or not. This brings the maximum government contribution to 5 percent. Employees covered by the Civil Service Retirement BEST-automate- (527-237- 8, through Friday, 7 a.m. to 7 p.m. CST. Hearing impaired employees can reach a benefits if callor counselor by calling ing within the San Antonio area. (Courtesy of AFPC News Service) 565-227- 6, Talent sought for contest, Tops in Blue The best in Air Force talent is sought to compete in the 2001 Air Force Worldwide Talent Contest and possible inclusion in the 2001 edition of Tops in Blue. The talent contest will be held at Lackland AFB, Applications for Air Force memTexas, Feb. bers interested in auditioning for are due to the Air Force Services Agency by Dec. 1. This annual contest is a search for the top talent in the Air Force. Competitors will also compete for 30 positions on the 2001 Air Force entertainment team, Tops In Blue. The 75th Services Division is coordinating the local entries for this years competition. According to Margie Stutz from the75th Support Group, interested for application performers should call Ext. and procedures. guidelines Both entertainers and support staff is needed for the Talent Competition and Tops In Blue. Bus drivers; stage, light, and sound technicians; wardrobe and costume coordinators, choreographers and vocal assistants, as well as, entertainers have a chance to compete at the worldwide competition and possibly earn the opportunity to tour with Tops In Blue. Base level application packages will be forwarded to the Air Force Services Agency by Jan. 8. All applications and entertainer videos will be reviewed by Air Force Services Agency Entertainment Branch personnel. 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