SRS offset


Q. My job will end and I plan to retire Dec. 28. I am eligible for discontinued service retirement. At the time I submit my paperwork (approximately August/September of this year), I also plan to submit my request to withdraw a lump sum out of TSP and then set up monthly withdrawals. I will be one month short of my MRA which under Discontinued Service Retirement is not an issue except when I will be eligible to supplement all of this retirement income – FERS annuity/TSP withdrawals – with the special retirement supplement. Not a big deal … I can wait the month or so to have this kick in. So I thought!
A. The SRS is offset by earned income, not TSP withdrawals or pension payments. Your retirement income does count as taxable income for certain other offsets, but not for the SRS or Social Security offsets.


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Mike Miles is a Certified Financial Planner licensee and principal adviser for Variplan LLC, an independent fiduciary in Vienna, Virginia. Email your financial questions to and view his blog at

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