Throughout the 22-part video series, Chris Kowalik delivers information federal employees should understand, answers frequently asked questions, and provides the actionable steps they can take to prepare if faced with a Reduction-in-Force (RIF) termination. more…
What Is Your Service Computation Date?
A service computation date (SCD) determines a federal employee’s eligibility for a specific benefit or program. There are four different types: Leave, Thrift Savings Plan (TSP), reduction in force, and retirement more…
Pre-Age 55 Penalty-Free TSP Withdrawals: Partial Rollover of a Traditional TSP Account to a Traditional IRA
With perhaps thousands of federal employees having to leave federal service as a result of reductions-in-force (RIFs), the question becomes for many: How to access their Thrift Savings Plan accounts? In column one of a two-part series, Ed Zurndorfer discusses how separated federal employees younger than age 55 can make penalty-free TSP withdrawals. Presented in this column is the partial rollover of a traditional TSP account to a traditional IRA more…
8 FAQs About Your TSP
Chris Kowalik unpacks some frequently asked questions from participants in the Thrift Savings Plan regarding contributions, agency matching, and confusion over traditional and Roth accounts more…
Retroactive Payments to Begin from Repeal of Social Security’s WEP, GPO
The Social Security Administration (SSA) announced that starting the week of February 24, 2025, it will begin to pay retroactive benefits and will increase monthly benefit payment to individuals whose monthly Social Security benefits have been affected by the Windfall Government Provision (WEP) and the Government Pension Offset (GPO). Ed Zurndorfer outlines what actions an eligible individual should take, and provides details of the implementation more…