TSP elective deferal question

[Anonymous]

Does this mean in addition to my 5% (about 6k) I contribute I can contribut up to 17K (thus apx 11k over my agency match). And that full 17k is tax deferred?
Thanks

Section 402 of the IRC limits the amount of income
you may elect to defer under all employer-sponsored
retirement plans during a tax year. (For most employees,
a tax year is January 1 through December 31.) The
elective deferral limit for 2012 is $17,000.

[Anonymous]

Your agency match doesn't count towards the 17K just your own contributions.

[Anonymous]

Sorry that should be 17k (thus apx 11k over my agency matchED)?

I can give up another 11k and reduce my earnings this year by 17k? ...and pay the tax on the amount when I cash outin 20 years or so?

[Anonymous]

The agency match is already tax deferred (I believe) you can contribute another 17K tax deferred on top of that.