SRS and TSP withdrawal


Q. I’m a 57-year-old FERS employee with 21 years of service. My human resources benefits adviser said I will be eligible to retire on unreduced immediate annuity at 60 years old with 24 years of service. Would I be eligible for the special retirement supplement when I retire at 60 years old?

The HR benefits adviser also said I can retire now on MRA+10 provisions, but my annuity will be reduced by 5 percent for every year I’m under 62. If I retire now, since I’m over 55 years old, would I be able to withdraw my Thrift Savings Plan without penalty?

A. Mike: Yes, you will be exempt from the early withdrawal penalty on your TSP withdrawals.

Reg: If you retire at age 60 with at least 20 years of service, you’d be entitled to an unreduced annuity and the special retirement supplement. If you retired under the MRA+10 provision, your annuity would be reduced by 5 percent for each year (5/12 percent per month) that you were under age 60. Further, you wouldn’t be eligible for the special retirement supplement.


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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 and view his blog at

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