August 19, 2012
The number of uniformed service personnel participating in the Thrift Savings Plan (TSP) this year recently reached a record-setting 727,786 as of the end of May. This compares with approximately 712,000 participants at the beginning of the year.
The number of activity-duty participants grew to over 587,000 personnel, representing a participation rate of 40.1%. This is a new record, according to recent Federal Retirement Thrift Investment Board (FRTIB) figures.
The number of contributing reservists reached 140,554 personnel, or 16.4% of all reservists.
Here is the trend line since 2002, when military personnel were first allowed to participate in the TSP:
For current participation rates, see “TSP Participation Rates” hereRelated topics: military-investing