Retirement Benefits After Being Fired

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Q. I have worked for the Federal Government since 1995. I have twenty years on the job and I will be turning 62 in May of this year, and my pension is covered by FERS. I also have a TSP account. I am in a situation regarding conduct off the the job where I am afraid that I might be fired. My question is if this comes to pass, will I still be able keep my pension and TSP, will either one or both be taken away from me because of misconduct?

A: The vested balance in your TSP account is yours to keep.

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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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