How a Government Shutdown May Affect Federal Retirees and Annuitants
The National Active and Retired Federal Employees Association (NARFE) posted a bulletin today on how a government shutdown may affect benefits for federal retirees and annuitants.
In part, the bulletin said:
"Judging from similar government shutdowns in the past, and the fact that OPM retirement operations are not funded through general revenues, retirees should expect to receive their annuity payments deposited into their accounts or received in the mail, on time as usual. OPM sends annuity payment tapes to the Department of Treasury in the middle of the month prior to the payment date so that Treasury has time to process the payment tapes/cut checks and ensure that annuity payments are received by the first of the month."
To read the full bulletin, go to: