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Contact Retirement Retirement Information Center

debt

As widely reported in the news, our government has reached its debt limit.  U.S. Treasury Secretary Geithner has since declared a “debt issuance suspension period” for the Civil Service Retirement and Disability Fund (which funds our retirees).  By law this allows the Treasury to redeem (or cash out) a portion of existing Treasury securities held by the fund.  The same law also requires that the government repay the fund with interest.

 Bottom line: This action will not affect CSRS and FERS annuity payments to retirees.  All payments will continue as normal and on schedule. 

 Thank you for your time.  I hope you find this information useful and we look forward to providing you more information in the future.


 
 
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