R 082159Z DEC 05 ZUI ASN-A00342000024 ZYB
FM COMDT COGARD WASHINGTON DC//CG-12//
TO ALCOAST
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UNCLAS //N07220//
ALCOAST 610/05
COMDTNOTE 7220
SUBJ:  THRIFT SAVINGS PLAN CONTRIBUTIONS-MILITARY MEMBERS
A. COAST GUARD PAY MANUAL, COMDTINST M7220.29A, SECTION 6-G
B. PERSONNEL AND PAY PROCEDURES MANUAL, PSCINST M1000.2A,
SECTION 8-C
C. COMDT COGARD WASHINGTON DC 301525Z JUN 03, ALCOAST 312/03
1.  BEGINNING JAN 2006, UNIFORMED SERVICE MBRS CONTRIBUTIONS TO THE
THRIFT SAVINGS PLAN (TSP) WILL NO LONGER BE LIMITED TO 10 PERCENT
OF BASIC PAY.  ON 01 JAN 06, THE 10 PERCENT LIMIT WILL BE LIFTED,
AND CONTRIBUTIONS TO TSP WILL BE LIMITED ONLY AS OUTLINED IN THE
FOLLOWING PARAGRAPHS.
2. CONTRIBUTIONS TO TSP REMAIN SUBJECT TO INTERNAL REVENUE CODE
ELECTIVE DEFERRAL LIMITS.  FOR 2006, THE MAXIMUM IRS LIMIT FOR MBRS
LESS THAN AGE 50 IS 15,000 DOLLARS.
3. MBRS AGE 50 AND OVER, OR WHO WILL REACH AGE 50 ON OR PRIOR TO 31
DEC 2006, ARE ELIGIBLE TO INVEST AN ADDITIONAL 5,000 DOLLARS INTO
TSP UNDER THE TSP CATCH-UP PROGRAM.
4. MBRS SERVING IN A COMBAT ZONE ARE SUBJECT TO A SPECIAL ELECTIVE
DEFERRAL LIMIT OF 42,000 DOLLARS, OR 100 PERCENT OF COMPENSATION,
WHICHEVER IS LESS.
5. ADDITIONAL INFO ON TSP IS CONTAINED IN REFS A THRU C AND ON THE
TSP WEB SITE.  A LINK TO THE TSP WEB SITE AND TSP FORMS IS
AVAILABLE AT HTTP://WWW.USCG.MIL/HQ/PSC/TSP.HTM.  MBRS CURRENTLY
ENROLLED IN TSP WHO DESIRE TO CHANGE THEIR CONTRIBUTION PERCENTAGE
CAN DO SO THROUGH THE DIRECT ACCESS SELF-SERVICE APPLICATION AT
HTTPS://HR.DIRECT-ACCESS.US.  MBRS CURRENTLY ENROLLED IN TSP WHO DO
NOT DESIRE TO USE DIRECT ACCESS SELF SERVICE MAY COMPLETE FORM
TSP-U-1 AND MAIL IT TO PSC (MAS).
6. MBRS WHO DESIRE TO INITIALLY ENROLL IN TSP, DISENROLL FROM TSP,
OR ELECT THE TSP CATCH-UP PROGRAM MUST COMPLETE THE APPLICABLE TSP-
U-1 / TSP-U-1-C FORM AND MAIL TO PSC (MAS).   MBRS WILL RECEIVE
CONFIRMATION THAT THEIR REQUEST HAS BEEN PROCESSED VIA ENTRIES IN
THE REMARKS BLOCK AND BLOCK 27 OF THEIR LES.
7. COAST GUARD ACADEMY CADETS AND NON-PRIOR SERVICE CG NAVAL
ACADEMY PREPARATORY SCHOOL (NAPS) CADETS ARE NOT ELIGIBLE TO
PARTICIPATE IN TSP UNTIL THEY ARE COMMISSIONED OR REVERTED TO
ENLISTED STATUS.
8. QUESTIONS MAY BE DIRECTED TO PSC CUSTOMER CARE AT 785-339-2200
OR 866-772-8724.
9. INTERNET RELEASE IS AUTHORIZED.
10. RADM STEPHEN W. ROCHON, DIRECTOR OF PERSONNEL MANAGEMENT,
SENDS.
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