Government match

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Q. I’m retiring at the end of May 2017 with 25 years of civil service under FERS. I’m considering maximizing my TSP contribution (15 percent equaling $18,000) and TSP-C contribution ($6,000) in 11 pay periods before retirement. What will be the amount of government matching?


A. Your matching will be limited to 5 percent of your pay for each pay period in which you make a contribution.

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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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