By Mike Miles
April 28th, 2010 | Uncategorized
Q: Your response to an earlier question on Voluntary Early Retirement Authority/Voluntary Separation Incentive Payments puzzles me. If a federal employee is eligible for a retirement annuity under the Federal Employees Retirement System despite the fact they are taking an VERA/VSIP, why would there be a penalty for “early” withdrawal of TSP?
A: I think that I clearly stated a fact (“There is nothing in your question that will exempt you from the early withdrawal penalty.”) that answers your question.
April 29th, 2010 at 3:20 pm
If he were retiring in the year he turns 55, the early withdrawal penalty wouldn’t apply ….
Jyoti Shah Says:
August 17th, 2010 at 3:08 pm
Two to three years ago i took hardship loan due to injury at job and my case was denied one year i use my non pay staus form I m still disable to perform duty however i m receving work comp salary t0 % of allowed salary. thrift saving plan monies i can not re deposit my monies due to financial strain what are my liability tax implication and penalties