Posts Tagged: tsp.gov

What Is A TransFERS?

There was a FERS open season held back in 1987-88 and 1998, allowing employees with at least five years of Civil Service Retirement System (CSRS) service to voluntarily transfer to FERS during one of the two open seasons. When these individuals, called TransFERS retire, they receive both a CSRS annuity and a FERS annuity. These… Read more »

Death and Former Spouses

http://www.psretirement.com/death-and-former-spouses/ You might say what does a former spouse have to do with the business of the deceased federal employee. You might be surprised under certain circumstances, that the former spouse may have more to do with the business than you can imagine. Actually the Basic Employee Death Benefit (BEDB) may be payable to the… Read more »

Thrift Savings Plan (TSP) Withdrawal Options

PSRetirement.com The rules for your Thrift Savings Plan are pretty straightforward while you are working, but they become increasingly more complex as you enter retirement and attempt to access the money that you have saved in your TSP.gov account. You have 5 withdrawal options for your Thrift Savings Plan that you can select from. Option… Read more »

Financial Advisors and the Federal Employee

http://www.psretirement.com/the-federal-financial-advisor/ I was recently asked if my trainer of financial advisors and planners interested in the federal workforce differed from training federal workers? Without missing a beat, I said most emphatically “It certainly does.” It is more intense because financial advisors and planners need to know more about the Federal Retirement Systems than the federal… Read more »

Phased Retirement – Has Its Time Come?

The Office of Personnel Management (OPM) has proposed a “Phased Retirement” program. Although implementation has not been announced, it may be valuable to our readers to get a jump start on what Phased Retirement is all about. The Office of Personnel Management realizes the importance of preserving and protecting institutional knowledge. As federal employees leave… Read more »

Is All ‘Your’ TSP Money Actually Yours

http://www.psretirement.com/all-your-tsp-money/ Within your TSP.gov Account the money you invest in the Thrift Savings Plan (TSP) and the agency match is yours immediately and you are therefore vested. However, the agency’s automatic 1% contribution has a few strings attached. For individuals in the Civil Service Retirement System (CSRS), this is not a concern. CSRS employees may… Read more »