TSP matching


Q. I plan to retire on Aug. 31 under FERS. Will I get a 5 percent matching contribution if I make 5 percent of my last paycheck (payable on Sept. 11) to TSP? Can I contribute 5 percent of my lump-sum pay from the unused annual leave? If so, will I get a 5 percent matching contribution?

A. You will get the matching contribution on all eligible TSP contributions. You may not defer lump-sum payments into your TSP account.10


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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 fedexperts@federaltimes.com and view his blog at money.federaltimes.com.

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