Shows & Panels
- The 2014 Big Picture on Cyber Security
- AFCEA Answers
- Ask the CIO
- Building the Hybrid Cloud
- Connected Government: How to Build and Procure Network Services for the Future
- Continuing Diagnostics and Mitigation: Discussion of Progress and Next Steps
- Federal Executive Forum
- Federal Tech Talk
- The Future of Government Data Centers
- The Future of IT: How CIOs Can Enable the Service-Oriented Enterprise
- The Intersection: Where Technology Meets Transformation
- Maximizing ROI Through Data Center Consolidation
- Moving to the Cloud. What's the best approach for me
- Navigating Tough Choices in Government Cloud Computing
- The New Generation of Database
- Satellite Communications: Acquiring SATCOM in Tight Times
- Targeting Advanced Threats: Proven Methods from Detection through Remediation
- Transformative Technology: Desktop Virtualization in Government
- The Truth About IT Opex and Software Defined Networking
- Value of Health IT
- Air Traffic Management Transformation Report
- Cloud First Report
- General Dynamics IT Enterprise Center
- Gov Cloud Minute
- Government in Technology Series
- Homeland Security Cybersecurity Market Report
- National Cybersecurity Awareness Month
- Technology Insights
- The Cyber Security Report
- The Next Generation Cyber Security Experts
Shows & Panels
Feds have TSP withdrawal options
Tuesday - 1/18/2011, 3:24pm EST
Tom Trabucco, director of external affairs at the Federal Retirement Thrift Investment Board, told the DorobekINSIDER there are three options for feds leaving public service:
- 'Take the whole pile'
Trabucco said retired federal employees can take their entire TSP investment and transfer it to an IRA or eligible plan without a tax penalty. Employees can also put their TSP funds in another type of investment, although most people don't want to "take the tax hit," he said.
- Monthly payments
In terms of number of participants, the monthly payments are the most popular withdrawal option, Trabucco said.
Participants can choose any amount for their monthly payment down to $25, and they can change the amount once a year, he said.
This option offers the convenience of supplementing a basic annuity, Trabucco said.
- Purchase an annuity
The FRTIB will purchase an annuity through Metropolitan Life Insurance. MetLife offers 16 different kinds of annuities, Trabucco said.
This option is not very popularly because interest rates are so low, "so annuity payments are not particularly large right now," he said.