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.
See the DOD Financial Management Regulation, Chapter 17, for rules and a chart of pay by location. Military Pay During Deployments Servicemembers who are deployed receive the same pay & allowances as in garrison, even if, e.g., they have no rent or mortgage to pay. Additionally, the four primary additional pays deployed servicemembers receive are: â¢ Hostile Fire Pay, which in 2012 is $225 per month, as reflected on the military pay table. â¢ Family Separation Allowance of $250 per month, once away from the family for more than 30 days. The dollar amount, which has been the same since 2002, is on the military pay table, and the specific entitlement rules are in the DOD Financial Management Regulation, Chapter 27. â¢ Hardship Duty Pay, as indicated above.