Anonymous
12/12/2012 23:36
Subject: Re:Quick question about leaving government service and TSP
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.
Anonymous
12/12/2012 23:34
Subject: Quick question about leaving government service and TSP
Anonymous wrote:Anonymous wrote: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.
Sometimes this site can be very helpful and sometimes people have no idea what they are talking about.
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
12/12/2012 23:26
Subject: Quick question about leaving government service and TSP
Anonymous wrote: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.
Sometimes this site can be very helpful and sometimes people have no idea what they are talking about.
Anonymous
12/12/2012 23:01
Subject: Quick question about leaving government service and TSP
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
12/12/2012 14:35
Subject: Quick question about leaving government service and TSP
Anonymous wrote: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....
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
12/12/2012 14:16
Subject: Quick question about leaving government service and TSP
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
12/12/2012 10:09
Subject: Quick question about leaving government service and TSP
I think that's right
Anonymous
12/12/2012 09:38
Subject: Quick question about leaving government service and TSP
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?
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?