"...Federal retirees might soon be able to roll their annual leave into their Thrift Savings Plan accounts, depending on the fate of pending legislation.
Currently, federal employees’ annual leave is cashed out when they retire or resign, and they are reimbursed for it directly with a check. Under a House proposal, an employee could roll that money into the TSP plan so that the funds would not be taxed until withdrawal, according to Kim Weaver, external affairs director for the Federal Retirement Thrift Investment Board.
The measure is included in the transportation bill up for a vote in the House in coming days, and is among provisions being tracked closely by the Federal Retirement Thrift Investment Board, which oversees the TSP..."
Currently, federal employees’ annual leave is cashed out when they retire or resign, and they are reimbursed for it directly with a check. Under a House proposal, an employee could roll that money into the TSP plan so that the funds would not be taxed until withdrawal, according to Kim Weaver, external affairs director for the Federal Retirement Thrift Investment Board.
The measure is included in the transportation bill up for a vote in the House in coming days, and is among provisions being tracked closely by the Federal Retirement Thrift Investment Board, which oversees the TSP..."
