R 091538Z NOV 22 MID200080434943U
FM DFAS CLEVELAND OH
TO AIG 4730//
AIG 4676//
AIG 4678//
INFO DFAS CLEVELAND OH
BT
UNCLAS
UNCLS
MSGID/GENADMIN/NMPO/JFLQ//
SUBJ:INFORMATION FOR TSP CONTRIBUTION LIMITS FOR
CALENDAR YEAR 2023//
MILITARY PAY ADVISORY 29/22//
REF/A/WEBSITE/WWW.TSP.GOV//
AMPN/REF A IS THE THRIFT SAVINGS PLAN OFFICIAL WEBSITE//
POC/SEAN-THOMAS TEAHAN/CODE JFLQ/TEL:216-204-6706//
RMKS/1. THIS MILITARY PAY ADVISORY ANNOUNCES THE TSP
CONTRIBUTION PROGRAM LIMITS FOR CALENDAR YEAR 2023.
2. AS INDICATED IN REF A, EFFECTIVE 1 JANUARY 2023, THE INTERNAL
REVENUE CODE I.R.C SECTION 402(G) LIMIT FOR TSP ELECTIVE DEFERRAL
LIMITS WILL BE $22,500.00. THE ELECTIVE DEFERRAL LIMIT
APPLIES TO THE COMBINED TOTAL OF ROTH AND TRADITIONAL DEFERRED
CONTRIBUTIONS. THE I.R.C SECTION 415(C) LIMIT FOR ALL
CONTRIBUTIONS INCLUDING MATCHING, AGENCY AUTOMATIC, EXEMPT, ROTH
AND TRADITIONAL DEFERRED CONTRIBUTIONS WILL BE $66,000.00. THE
LIMIT FOR TSP SPILLOVER CONTRIBUTIONS WILL BE $7,500.00 AND
IS IN ADDITION TO THE I.R.C SECTION 415(C) AND 402(G) LIMITATIONS.
THE TSP SPILLOVER LIMIT APPLIES TO THE COMBINED TOTAL OF ROTH AND
TRADITIONAL CONTRIBUTIONS UP TO AN ADDITIONAL $7,500.00, TOTALING
$30,000.00.