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Federal employees who are going unpaid because of the partial government shutdown do not need to worry, at least for now, about being declared in default on loans they have taken against their Thrift Savings Plan retirement savings accounts, the TSP said Wednesday. The 401(k)-style program allows federal workers to borrow against their accounts either for general purposes or for a primary mortgage; they repay those loans through payroll withholding. However, no such withholding can be made if the employee is in unpaid status, whether furloughed or still on the job but without pay. The next federal employee pay distributions are to be made later this week or early next week for the Dec. 23... Vollständiger Text

9 January