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.
You also need to know how military pay is calculated and paid. The whole pay period is a month long, from the 1st until the last day of the month. Most pays and allowances are paid on a monthly basis, including base pay, basic allowance for housing (BAH) and basic allowance for subsistence (BAS).