The 2012 elective deferral limit for regular Thrift Savings Plan contributions has increased from $16,500 to $17,000 for 2012. The TSP catch-up plan contribution limit will remain at $5,500. Military members can contribute any whole percentage up to 92 percent of basic pay, as long as the annual total does not exceed $17,000 for 2012. If contributing from basic pay, Airmen may also invest all or part of their bonuses, special pay, or incentive pay. For more information about TSP, visit the Thrift Savings Plan website at www.tsp.gov. Click on "Summary of the Thrift Savings Plan" located under civilian or uniformed services TSP Forms and Publications.
For more on TSP and other military pay benefits, visit the Military.com Benefits Center.
