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Not All Types of Compensation Can Be Invested within the TSP

Share this…FacebookPinterestTwitterLinkedin Not all forms of federal compensation could be invested within the TSP. As an alternative, investments should come…

By Staff , in Investments , at January 12, 2022



Not all forms of federal compensation could be invested within the TSP. As an alternative, investments should come from “primary pay,” which is outlined as the quantity of pay primarily based on the speed mounted by legislation or administrative motion for the place held by an worker and is similar as primary pay for federal civilian retirement functions.

The next components of pay are included within the willpower of primary pay for TSP functions:

• Locality-based comparability pay as approved by 5 U.S.C. 5304
• Environmental and evening differentials for wage staff (5 U.S.C. 4343(c)(4) and 4343(f))
• Premium pay for standby time underneath 5 U.S.C. 5545(c)(1)
• Premium pay for legislation enforcement officers (5 U.S.C. 5545(c)(2), i.e., admin uncontrollable extra time)
• Availability pay (LEAP) for prison investigators as approved by 5 U.S.C. 5545a
• Physicians’ comparability allowance as approved by 5 U.S.C. 5948
• Additional time compensation for customs officers as approved by 5 U.S.C. 8331(3)(G)
• Extra compensation paid to staff serving within the Republic of Panama (22 U.S.C. 3657)
The next components of pay and forms of funds will not be primary pay for TSP functions:
• Different extra time pay
• Awards, bonuses, and allowances (contains hazard pay)
• Overseas and home put up differential for normal schedule, and overseas put up differential for wage staff
• Severance pay
• Retroactive pay granted to a retired or deceased worker pursuant to a wage survey
• Lump-sum fee for go away, and Voluntary separation incentive fee (buyout)
• Staff’ compensation funds from the Workplace of Staff’ Compensation Packages
• Sunday, vacation and army pay
• Supervisory differentials
• Night time differentials for GS staff

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