Ask The Experts: Money Matters

By Mike Miles

Re-employment and TSP payments

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Q. If I start taking my retirement now at 62 — FERS, Thrift Savings Plan payments and Social Security — and end up being picked back up at some point in federal service: I understand my FERS benefits would be cut by the amount I make in a new job. What about TSP payments? Are they exempt from penalties of re-employment?

A. If you are rehired, your automatic monthly payments will stop and you will be subject to the in-service withdrawal rules.

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