HomeNewsArticle Display

Pay dates increase for civilians in 2015

JOINT BASE SAN ANTONIO-RANDOLPH, Texas (AFNS) -- Civilian employees will have 27 pay dates in 2015 compared to the usual 26, so some employees might need to adjust their Thrift Savings Plan (TSP) contribution elections to receive the maximum agency matching contributions for 2015.

The Internal Revenue Code imposes a limit each year on the amount that an employee can contribute annually to a tax deferred retirement plan like TSP. The maximum 2015 contribution amount for traditional or Roth TSP is $18,000 and the maximum amount for 2015 catch-up contributions is $6,000. Catch-up contributions are additional tax-deferred contributions and are separate from regular TSP contributions. To be eligible to make catch-up contributions, you must be at least age 50 in the year the contributions are made, must be in a pay status, and must be scheduled to reach the elective deferral limit for regular TSP contributions during the calendar year. For those who are eligible, catch-up contributions provide a way for individuals to secure their retirement, especially for those who begin investing later in their careers.

"If employees under the Federal Employees Retirement System wish to receive the maximum matching contributions for 2015, they must ensure they do not reach the $18,000 contribution limit before the last pay day of the year because TSP contributions stop when an employee's contributions reach the annual maximum limit," said Erica Cathro, an Air Force Personnel Center human resources specialist.

Air Force civilians can adjust TSP elections through the Employee Benefits Information System (EBIS).

For more information about this topic, to include viewing the TSP and Catch-Up Contributions Chart and other personnel programs, visit the myPers website. To access EBIS, select the link under the 'I would like to' section and log into the site with the social security number and EBIS personal identification number.

New users who do not have a PIN must click the 'new user' option to create one. Employees who have forgotten their PIN can reset it by providing six pieces of previously established information. After answering the security questions select the "forgot login" link and enter the requested information.

Individuals who do not have a myPers account can find instructions to create an account by clicking here.

Engage

Twitter
“Agility Prime is about creating a new path to adopt advanced technologies in the Department of Defense by working… https://t.co/rzS29Cvhd8
Twitter
During a visit to @TeamMinot, @GenCQBrownJr had the opportunity to see how Airmen maintained operations during the… https://t.co/Jot5OwF6sm
Twitter
RT @AirNatlGuard: .@PANationalGuard Medical Airmen with the 171st Air Refueling Wing honed lifesaving skills as part of an Ability To Survi…
Twitter
Registration for Hack-A-Sat 2, which enables security researchers of all levels to focus their skills and creativit… https://t.co/nxUKmkhiTA
Twitter
The Installation Resilience Operations Center prototype is a game-changing solution for enhancing base security, em… https://t.co/ATHhejDoQJ
Twitter
“It’s important that you will be able to lead through complex challenges,” @GenCQBrownJr said. “I really want to ch… https://t.co/UI86usPVtO
Twitter
VCSAF Gen David W. Allvin visited various @AFResearchLab facilities to see how the 711th Human Performance Wing is… https://t.co/F5tpk0Mabc
Twitter
Invisible Wounds: Signs and Symptoms The Invisible Wounds Initiative, an @AFW2 Support Program, leads in creating… https://t.co/4SeYhlQuua
Twitter
Maggie Gee and Hazel Ying Lee were two of the first Chinese-American aviators to join the Women Airforce Service Pi… https://t.co/txl43oLLRs
Twitter
RT @USAFCENT: Listen to SrA Francis Andrew, assigned to the 332nd Air Expeditionary Wing, tell his story as one of the 'Lost Boys of Sudan.…
Twitter
#ICYMI Aircraft loaded with #COVID19 supplies left @Travis60AMW, California, bound for India. This shipment was jus… https://t.co/YdYFniZyok
Twitter
“While there are a lot of people who have done great things in the #AirForce, we wanted to recognize diversity and… https://t.co/bTH2aP5emk
Twitter
“It is a real honor, and I wish I could be there in person,”@GenCQBrownJr said during his acceptance speech. “I’d r… https://t.co/DH5Ou832K5
Twitter
RT @RealAFOSI: 1/ OSI's Guam based Detachment 602 recently spent time strengthening relationships throughout the Commonwealth of the North…
Twitter
RT @grandslamwing: Mobilizing to assist - anywhere, anytime. Members from #TeamAUAB aboard a C-17 from @TeamCharleston took off to assist t…
Twitter
RT @AirNatlGuard: .@HiAirGuard Airmen deployed to California to participate in exercise Sentinel Response 2021 alongside @CalGuard Airmen a…
Twitter
.@GenCQBrownJr and @cmsaf_official discuss the best ways to help Airmen's talent to bloom. #Airmen #Questionshttps://t.co/GGDHJkiOOb
Twitter
Airmen at the 149th Fighter Wing, Texas, demonstrated an autonomous machine solution for an @AFWERX innovation init… https://t.co/5ZGnnOPfYi
Twitter
During a quarterly senior leader review, @KesselRunAF & @USAF_ACC leaders agreed the Air Operations Center Weapon S… https://t.co/FnXQYIiG86
Facebook
The newest Air Force Podcast recently dropped. Listen to a small snippet of CMSAF Kaleth O. Wright talk with Staff Sgt. New about resiliency. Listen to the entire podcast on Youtube: https://go.usa.gov/xpnAD or Subscribe to The Air Force Podcast on iTunes: https://podcasts.apple.com/podcast/the-air-force-podcast/id1264107694?mt=2
Facebook
Our mantra, "Always ready!" It's the spirit we fly by! #B2Tuesday
Facebook
Need some motivation to get your week started off right? Listen as CMSAF Kaleth O. Wright weighs in...
Facebook
The U.S. Air Force Academy gives its cadets some unique opportunities. Ride along one of this opportunities.
Facebook
A United States Air Force KC-135 Stratotanker refuels an F-22 Raptor over northern Iraq, Nov. 6, 2019. U.S. Central Command operations deter adversaries and demonstrate support for allies and partners in the region. (Video by Staff Sgt. Daniel Snider)
Facebook
Although the Silver Star is the third-highest military medal, it's not given often. Today, TSgt Cody Smith was the 49th Special Tactics Airman to receive this medal since Sept. 11th, 2001. Read more of TSgt Smith's amazing story: https://www.airforcespecialtactics.af.mil/News/Article-Display/Article/2024815/special-tactics-airman-battled-through-injuries-awarded-silver-star/fbclid/IwAR2LZWwx1VHdTnQe39rIEBOuJS_0JvMQBBGt7I-E6zsxxn-Lx9387yu43Bc/ Cannon Air Force Base Air Force Special Operations Command United States Special Operations Command (USSOCOM) U.S. Department of Defense (DoD)
Facebook
Tune in as our Air Force musicians along with other military musicians are awarded the National Medal of Arts.
Facebook
Like Us
Twitter
1,346,656
Follow Us