Exam (elaborations)

TSP Booklet Questions And Answers With Verified Study Solutions

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Course
TSP

Institution
TSP

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Uploaded on September 4, 2024
Number of pages 5
Written in 2024/2025
Type Exam (elaborations)
Contains Questions & answers

tsp booklet
tsp booklet questions and answers with verified st
tsp booklet questions and answers

Institution TSP
Course TSP

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TSP Booklet Questions And Answers With Verified
Study Solutions
The Federal Employees Retirement System (FERS) has a vested time restriction of 3 years for most and ____ years
for congressional and non-career positions.

A. 1

B. 2

C. 3

D. 4 ANS 2

T/F The Thrift Savings Plan (TSP) provides tax advantages such as, before tax contributions and tax deferred
investment earnings. ANS True

What is the acronym CSRS stand for?

A. Civilian Service Retirement System

B. Cultural Service Retirement Socialist

C. Civil Service Retirement System

D. None of the above ANS Civil Service Retirement System

Which of the following is a source of TSP Contribution?

A. Employee Contributions

B. Matching Contributions

C. Agency Automatic 1% Contributions

D. All of the above ANS All of the above

How many sources of TSP contributions are there?

A. 1

B. 2

C. 3

D. 4 ANS 3

T/F Regular employee and Catch-up are the two different types of employee contributions. ANS True

, Over what age will you be allowed additional payroll deductions to catch up TSP?

A. 50

B. 60

C. 50 1/2

D. 60 1/2 ANS 50

TSP withdrawn before the age of 55 will incur an early withdrawal penalty of ____ tax.

A. 5%

B. 8%

C. 10%

D. 15% ANS 10%

T/F TSP Catch-up contributions can be matched. ANS False

TSP Deduction Limits are set at ____ fore regular and ____ for catch up.

A. $5000; $15000

B. $10000; $25000

C. $15000; $5000

D. $25000; $15000 ANS $15000; $5000

T/F There are 5 different types of Individual TSP funds (G, F, C, S, and I). ANS True

Which of the following funds is short term U.S Treasury with no risk?

A. S Fund

B. C Fund

C. I Fund

D. G Fund ANS G Fund

Which of the following is the Bond Index Fund LBA Index?

A. C Fund

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