Federal Thrift Savings does qualify under certain conditions.
- Yes, an employee is vested on the employee's portion as soon as they make a deposit into TSP, which for the settlement needs to be prior to 8/12/1989.
- The Court ruled that an employee who is vested in the employee component of the plan is also vested in the employer component for "matching contributions".
- The Court further ruled that an employee is vested in the "employer fixed percentage component" only if the employee had three years of service (two years of service for certain highly ranked employees) as of August 12, 1989.
For other situations refer to the applicable language from NC DOR directive PD-99-2 supplemented 26 Mar 1999 and dated 5 Nov 1999.
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