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.
Military annuitant paydays are always on the 1st day of the month except when the first day is a holiday or weekend. In those cases the pay date will be the first business day after the holiday or weekend that falls on the 1st of the month. 2017 Military Retiree & Annuitant Pay Schedule. ENTITLEMENT MONTH.