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.
This means that when the first. day of the month falls on a non-business day (weekend/holiday), the pay must be paid the. preceding business day. Since October 1, 2011 fell on a Saturday, the Military Retirement Fund. (MRF) distributed the October retired pay on September 30, 2011.