Time window for TSP withdrawal


Q: I have money in an Army TSP. Is it true that if I do not withdraw funds from TSP within one year of retirement I will forfeit my account? Under FERS, can sick leave be used for additional service credit?

A: It is not true that would forfeit your account. You can, and should, leave your money in the TSP as long as possible.

Any FERS employee retiring between Oct. 29, 2009, and Dec. 31, 2013, will receive credit for one-half of his unused sick leave in determining his length of service and in his annuity computation. Anyone retiring on or after Jan. 1, 2014, will receive full credit.


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