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Shutdown Pay and Benefits Questions Answered By OPM
On January 11, 2019, the United States Office of Personnel Management, released a memorandum titled: “Fact Sheet: Pay and Benefits Information for Employees Affected by the Lapse in Appropriations”. This is what the memo says about Health Insurance during the shutdown:
FEDERAL EMPLOYEES HEALTH BENEFITS (FEHB)
FEHB coverage continues even if you don’t receive a paycheck. Your share of premiums will accumulate and be withheld later when the lapse ends and employees can be paid.
The memo provides brief answers to questions many people have about pay and benefits during the shutdown. Click the image below to view the memo:
Thinking of a TSP Shutdown Loan ?
The PDF below details information about taking out a loan from your TSP Account. The main issue is whether the TSP will let you take out a loan. Here is what they say about loans during furloughs:
Read MoreThe Shutdown and Your TSP?
The Thrift Savings Plan has a PDF file about how shutdowns impact your TSP —-Here it is:
ShutdownTSP