Human Resources and Security Specialists should use this tool to determine the correct investigation level for any covered position within the U.S. Federal Government.
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.
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