Retirement Withdrawals. Since the TSP is a retirement plan, there is no penalty for withdrawing your money during retirement. If you stop working for the federal government, you can start making retirement withdrawals when you turn 55. If you keep working for the federal government, you need to wait until you turn 59-1/2.
DFAS military pay dates (active duty and reserve) are the 1 st and 15 th of every month unless those dates fall on a weekend or holiday. Whenever a payday falls on a weekend or holiday, pay is issued on the last workday preceding the 1st and the 15th. Active duty and reserve members are paid twice a month.
In this case, you get paid on the 15th for work from the 1st â 15th of the month. The pay on the 1st of the following month is for work done from the 16th â the end of the month. What about partial months? The military considers a month to be 30 days long â this makes it easier for calculating pay and benefits for a partial month of service. So each day of pay is worth 1/30th of your monthly pay and benefits.