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.
High-36 Plan: For Soldiers who entered military service between September 8, 1980 and July 31, 1986, retired pay is computed using 50 percent of the average of the high-36 (36 months) of basic pay after 20 years of service, plus an additional 2.5 percent for each additional year.