Ask The Experts: Money Matters

By Mike Miles

Firefighters’ benefits

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Q. Is Federal Employees’ Group Life Insurance, survivor benefit and Thrift Savings Plan matching based on GS base pay or firefighter base pay?

A. Mike: TSP matching is based on your pay.

Reg: Your annuity will be based on your highest three consecutive years of basic pay. To determine what is included in the term “basic pay” for a firefighter, you’ll have to check with your personnel and payroll offices.

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