NTE and the TSP

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Q. I’ve been a permanent federal employee since 2010, and I saw a position a few months back which seemed promising, but it’s an NTE. Aside from the fact it is a fixed term of employment, how would this impact my benefits — specifically contributions to my TSP? That would be one of the deciding factors in accepting the position.

A. If the position is a temporary position, then you will notbe eligible to contribute to the TSP. If the position is a term position, then you will be eligible to contribute to the TSP. See the policy memo at http://www.gsa.gov/portal/directive/d0/content/521046 for details.

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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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