Feds Furloughed By Shutdown Cannot Contribute to Retirement Fund

Feds Furloughed By Shutdown Cannot Contribute to Retirement Fund

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Federal employees forced onto unpaid leave due to a government shutdown must cease payments into their federal retirement plan accounts upon entering non-pay status.

Employee contributions into the Thrift Savings Plan must come from payroll deductions, meaning employees on furlough cannot make payments into their plans. Agencies are also prohibited from matching contributions into their employees’ plans during this time.    Continue reading “Feds Furloughed By Shutdown Cannot Contribute to Retirement Fund”

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