agency automatic contributions


A retirement plan benefit offered to federal government employees whereby the agency employer contributes a percentage of the employee's annual salary to a thrift savings plan. The percentage is often 1% of gross salary and is deposited with or without the employee electing to contribute his own funds.
Browse Definitions by Letter: # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
agency agency bank