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.
Jupiterimages/Creatas/Getty Images. Basic Active Service Date (BASD), also known as Date Initially Entered Military Service, (DIEMS) is an important date for service members of all the military branches. The BASD is the date you use to calculate your time in Active Service (AS). Once you know that figure, you can then calculate your retirement pay and date of eligibility. For new service members, it can be difficult to find out your actual BASD. In many cases, it is not the date you began training.