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On this page, I'll answer your questions and provide some nuggets of wisdom.

Sunday, September 2, 2012

Changes Coming for TSP - February 7, 2018

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. 

8:33 am pdt 

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 you get.

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.
4:38 pm pst 

2012.09.01 | 2009.11.01

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Personnel Solutions Federal Benefits Counseling
3403 S Tekoa St, Spokane, WA 99203
Phone: (509) 993-2283 Fax: (509) 651-1946

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