A TSP (thrift saving plan) is a qualified retirement plan used by both public and private entities but it is more common in government bodies such as state and local municipalities and school systems.
The TSP is a money purchase plan, very similar to the more common 401(k). Some employers offer both a TSP and defined benefit plan.
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The TSP is a money purchase plan, very similar to the more common 401(k). Some employers offer both a TSP and defined benefit plan.