Vested retirement benefits

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Q. I work for the U.S. Postal Service, but haven’t been there very long. I will be 65 this year and will probably only work for another year or so. Even though my time with the Postal Service has been short, will FERS, TSP and other retirement benefits be available to me as a 20- to 30-year career person? If so, what would be available, and how would I go about getting each of these started?

A. Your vested balance – which always includes your contributions and any agency matching contributions, and which may include your agency’s automatic contributions – are 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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