Sunday, September 2, 2012
Changes Coming for TSP - February 7, 2018
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The TSP Modernization Act was passed in December 2017. Once the act is implemented, employees and
retirees can have more than one partial withdrawal, can change payment amount for monthly payments more frequestnly than once
a year, and can specify the percentage of Roth or traditional TSP that comes out in a withdrawal or series of payments.
TSP has 2 years to implement the act. Until then our current rules will apply.
Saturday, November 7, 2009
FERS Sick Leave Bill Signed
FERS Employees retiring from now until December 31, 2013 can add half of their sick leave to their retirement annuity calculation.
Remember: Sick leave does not stand alone - 6 hours equals a day and the total is added to time worked to calculate how much
4:38 pm pst
FERS Employees retiring after Jan 1, 2014 can use 100% of their sick leave in the retirement annuity calculation.
Sick leave cannot count to make you eligible - just give you more money each month in retirement.