Bought time

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Q. I started a position with the federal government in May 2013. I bought two months of time from a summer job with the VA. To be vested in my TSP, will I have to work until May 2016 or will the two months come off the top? I will have only been contributing to TSP since May 2016.

A. From the TSP website: The date your vesting period begins is determined by your TSP Service Computation Date (TSP-SCD), which your agency reports to the TSP. If you are a FERS participant, your SCD is shown along with the required vesting information on your TSP participant statements. This date should include all federal civilian service you have performed in the past.

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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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