The sequester and Thrift Savings Plans — DOD Article and related links are here.

Take a look at this article if you have a Thrift Savings Plan and may get furloughed.   I do not analyze it, just report it as is.

DoD release 13 March 2013

http://www.defense.gov/news/newsarticle.aspx?id=119523

Furlough to Affect TSP Contributions

Federal civilian employees could see their Thrift Savings Plan contributions reduced if furloughs take effect [[part deleted]] an employee who earns $1,000 of basic pay every two-week pay period and contributes 10 percent of it to the TSP would make a $100 TSP contribution during a normal pay period.

However, if the employee is furloughed for two days per pay period, his or her basic pay would decrease to $800. As a result, the TSP contribution would be $80 per pay period. Employees who contribute a set dollar amount won’t see that amount change with a reduction in pay. For this reason, now is a good time to review TSP contribution amounts to see if they are appropriate

https://www.tsp.gov/index.shtml

Financial Hardship In-Service Withdrawals

https://www.tsp.gov/planparticipation/inservicewithdrawals/financialHardship.shtml

Thrift Savings Plan Loans

https://www.tsp.gov/planparticipation/loans/loanBasics.shtml

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