Q. My former spouse retired from the military after 23 years and immediately started his FERS job. I was married when he started his new federal position, then 12 days later, he asked for a separation. Two years have passed and we just became legally divorced. Am I entitled to former spouse defined retirement plans and Thrift Savings Plan 401(k). If so, where can I locate this under CFR? A. Your share of his TSP account was determined as part of your divorce settlement or decree.
Monthly Archives: July, 2013
Q. I am a FERS employee with 29½ years of service. I am 54 years old. If they offer an early-out this year, could I take it without being penalized for the years before age 56? Would I be able to collect the special retirement supplement? Also, will I have a problem if I remove the money I have in my Thrift Savings Plan account? A. Mike: If you separate from service before the calendar year in which you’ll reach age 55, your TSP withdrawals may be subject to the IRS early withdrawal penalty, but otherwise, you’ll have access to…