Paycheck Chronicles

Help Me Understand Maximum TSP Contributions


If you've been hanging out around The Paycheck Chronicles for a while, you'll have noticed that I have a small group of military personal finance writers with whom I chat regularly.  We discuss new trends, surprising problems, and mysteries of military pay and allowances.  And this week, we have a new question to ponder.

If you've ever looked closely at your myPay Thrift Savings Plan (TSP) contribution election page, you'll see that to the side of both the traditional and Roth TSP options, there is a number

MyPay TSP Page

What's mysterious to us is that number is different for every single person that we've checked with, and we can't figure out the method to how that number is calculated.

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