You might want to change your Thrift Savings Plan (TSP) contributions, especially if you are in the Blended Retirement System (BRS) and are not yet contributing at least 5% of your Basic Pay to your TSP. Contributing 5% or more of your Basic Pay maximizes the matching government contribution for BRS participants. Even if you are not a BRS participant, saving more now means you don’t have to save more later (to “catch up”) when you are closer to retirement age.

Step 1

Go to myPay and log in.

MPAY Step 1

 

Step 2

Then select the “Traditional TSP and Roth TSP” link.

MPAY Step 2

 

Step 3

Enter your desired contribution of Basic Pay, Special Pay, Incentive Pay, and Bonuses into the Traditional TSP and/or Roth TSP tables. If you are a Blended Retirement System (BRS) participant, contribute at least 5% of your Basic Pay to your Traditional TSP and/or Roth TSP to receive a government contribution of an amount equal to 5% of your Basic Pay into your Traditional TSP account. (This will be reflected in your Thrift Savings Plan (TSP), not here in myPay.) Then scroll.

MPAY Step 3

 

Step 4

Select the green “Save” button.

MPAY Step 4

 

Need help finding the 5% to contribute to your TSP? Do you want more in-depth assistance financially preparing for your future? Contact your installation’s Personal Financial Management staff or your Command Financial Specialist. Learn more at the PFM MarineNet Video channel, the Marine Corps M&RA BRS page, and the Military Compensation BRS page.