It’s expected that the government might have to undergo an unwanted but eminent shutdown in the coming days. This partial shutdown is going to affect the lives of federal employees in many ways and can even go as far as stopping their incomes reaching them, at-least for some time. Although the federal employees currently offering their services will have to find other ways of financing themselves, the retired officials will still continue to get their hands on their retirement
- Also Read: 3 Reasons Certain Federal Employees Can Retire Years Earlier Than Their Peers Without Penalties
- Also Read: CSRS Retirement in 2024: Are You Making the Most of What This Classic Plan Has to Offer?
- Also Read: Roth IRA Basics for Beginners: What’s There to Learn?
Federal Employees to get affected by the Government shutdown:
Although the retirement benefits are given to the federal employees that have retired, they are also sources of concern for the ones that are actively serving the government. There are some important aspects of this shutdown that every employee would ideally want to know. The first question that one can have in this regard (and the most important one too) would be that whether the federal retirees will receive their annual payments or not even if the government gets shut? The answer, as already stated is that they would indeed receive their annuities as the fund shouldn’t get affected in any way.
This shutdown however is destined to affect the lives of those currently in service a lot more severely. There are questions in the minds of almost all the employees out there but there isn’t an abundance of answers. Will the government find other ways of compensating the officers that are going to lose their employment and source of income? Or will there be no help offered by the government? Here’s hoping that this anxiety gets dealt with and some answers get given by the government in this regard.
