FedSmith.com author John Grobe recently stated that TSP annuities are one of the least popular withdrawal choices for plan participants. One user wanted to know why this was the case. Here is his answer.
An employee who plans to retire on 1/3/2017 wants to know if he has to be off of the government’s payroll by 12/31/16 to receive the COLA. The author provides the answer.
Can you tell me how the TSP annuity that is supplied by MetLife is calculated? I have been given a bunch of different answers and none match what the TSP rate is offering (which is of course much lower).
If a holiday falls on a Monday and that’s my day off, does the holiday move to Tuesday or does my day off move to Tuesday?
Have the low interest rates we have been having for the last several years affected the amount of money a person would be entitled to if he chose the TSP annuity option?
These are some questions and answers that cover basic facts about FEGLI as well as considerations for federal employees who may be wondering what actions they should take during the upcoming open season.