[quote=AN]Maybe math have changed over the years but 6% match is not 60% contribution. is 6%=60% now?[/quote]
If a (20 yr) employee contributes 3% of their gross pay, the employer will match that contribution with 6% of the employee’s pay at the end of every quarter, making the employee’s total contribution 9%.
This is just slightly more generous than the Sharpsaver Plan (40%/60%) where the same employee contributes 4% of their gross pay and the employer matches it with 6%, making the employee’s total contribution 10%.
Then there’s that infamous “VA Medical Center” which is merely a hop and a skip from your home, AN. There, your spouse could avail herself of its well-known Thrift Savings Plan:
A Thrift Savings Plan is essentially a contribution plan for federal employees. Federal workers can contribute pre-taxed money into a number of savings accounts that can be matched by their employers if they meet specific qualifications. If employees are eligible for matching funds, their employer will be able to match up to 5 percent of their contributions…
