Q. I’m a 51-year-old FERS employee with 19 years 7 months of service. If I’m released from my position, can I collect any type of unemployment? Would I lose my FERS annuity and TSP contributions?
A. Because you’d lose your job and not be entitled to an immediate annuity, you’d be eligible for unemployment benefits. As long as you didn’t ask for a refund of your retirement contributions, you’d be eligible for an unreduced deferred annuity at age 62 or greatly reduced one when you reach your minimum retirement age. As for your TSP contributions, you could either ask for a refund or continue to manage your account when you leave government.