November 16, 2017 —
- Sen. Orrin Hatch (R-Utah), the chairman of the Senate Finance Committee, has dropped a proposed amendment to the Republican-led tax reform bill to restrict “catch-up” contributions to Thrift Savings accounts. Under current law, federal employees age 50 and older are allowed to make an additional $6,000 in yearly contributions to TSP retirement savings accounts, on top of the annual $18,000 limit ($18,500 in 2018) to boost retirement savings. (Benefits Pro/Senate Finance)
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