FERS loan


Q. I am new to taking a active role in my retirement, as I have been working a government job under FERS and TSP for about 3½ years. I would like to take care of a few small bills. Can I take out a loan against my FERS account and not my TSP? My TSP was set at the minimum to build up enough to borrow what I would like against it.

A. No, you cannot take out a loan against your FERS account.


About Author

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


    • No. you can’t get a loan from the federal government. Whether a bank or other financial institution would be willing to loan you money based on your annuity is something you’ll have to explore on your own.

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