Quick question about leaving government service and TSP
![[Post New]](/jforum/templates/default/images/icon_minipost_new.gif){kind=icon}
Anonymous
|
I am asking those who have more experience or knowledge about the fed TSP.
Please correct or affirm my belief: If I leave my fed job prior to my TSP vesting (or, is it I who vests? anyway...), I will lose the 1% (+ all earnings on that 1%) that my agency contributed to my TSP while I was in fed service. However, I still get to keep my contributions and the additional agency contributions (I think they contribute 3% to my TSP right now) sitting in the account. Is that right? |
Anonymous
| I think that's right |
Anonymous
| No, you keep your own contributions plus earnings. The government gets its back. I think you can also take your pension fund contributions but there are consequences for that. Do your homework.... |
Anonymous
I still think you are wrong, so source please. Here are a few sources saying the other way-- https://www.tsp.gov/sitehelp/glossary/glossary.shtml?term=Vesting https://www.tsp.gov/planparticipation/eligibility/typesOfContributions.shtml https://www.tsp.gov/PDF/bulletins/97-30.pdf http://www.myfederalretirement.com/public/124.cfm "Do your homework..." 
|
Anonymous
| If you leave the government prior to vesting, all you get back is what you contributed. So, stay with the feds until you are vested - 5 years. |
Anonymous
Sometimes this site can be very helpful and sometimes people have no idea what they are talking about. |
Anonymous
The first poster seems to be confusing time to vest in FERS-which is 5 years-with time to vest in TSP, which is 3 years. |
Anonymous
| OP, read Federal soup. You get your contributions, your 1% agency automatic contribution, and your earnings on your contributions. Don't leave before 3 years unless the pay boost makes up for this loss. |