By Reg Jones
April 27th, 2012 | Uncategorized
Q. I will be resigning from the Postal Service and need to know a few things. If I withdraw all of my Thrift Savings Plan funds after resigning, will I still be able to apply for a deferred FERS annuity?
Upon resigning, I will be 49 with 22 years and 10 months of time. When would I be eligible for a deferred retirement: 56 or 60?
A. Although withdrawing your funds from the TSP would have no effect on your eligibility for a deferred retirement, taking a refund of your retirement contributions would. So, if you want a deferred annuity, leave them in the fund. Since you have at least 20 years of service, you could apply for a deferred annuity at age 60.
May 11th, 2012 at 7:04 pm
That person would be eligible for defered retirement at 56 with a penalty for years under 60.