Browsing: leave payout

Q: I will be retiring at the end of this year. I am saving my annual leave and will be paid for 448 hours in January. Can I have the leave check ( up to $22,500 of the $33,500 I expect to receive) deposited into my Thrift Savings Plan in 2012? A: No.

Q: I am 56 years old and fall under Base Closure and Realignment Commission (BRAC). I will have approximately 600+ hours of rolled over leave. I plan on working for another organization when my organization is gone in September due to BRAC. I would like to know if it is possible to take that leave and put it into my TSP account for catch up? I just started putting money into my TSP account recently so there is not very much there. A: No, you can’t direct a leave payout into your TSP account. All of your contributions must come…