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. 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.

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


About Author

Reg Jones was head of retirement and insurance policy at the Office of Personnel Management. Email your retirement-related questions to

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