FY14 Shutdown Furlough
Furlough Recall: The Defense Department has released guidance to initiate a rapid and expansive recall of furloughed personnel that fall under the categories outlined under the Pay our Military Act (POMA). This recall is effective Monday, 7 October. Unless you are notified by your supervisor that you will remain on furlough, you are to report to work at your regularly scheduled time on Monday, 7 October (or your next scheduled duty day).
West Point Information:
Call: 845-938-3943 (HR related questions)
Call: 845-938-7000 (for status of furlough)
Thrift Savings Plan:
TSP during government shutdown - The TSP will continue its normal daily operations during the Federal Government shutdown. Read the TSP fact sheet Impact of a Government Shutdown on the Thrift Savings Plan PDF document
<https://www.tsp.gov/PDF/formspubs/oc11-5.pdf> to get answers to questions about the shutdown’s impact on TSP contributions, loans, and withdrawals.
OPM during government shutdown - As a result of furloughs due to a lapse in appropriations, OPM’s websites and main (USOPM) social media channels may not be updated until employees return.
If you have an outstanding loan and you are furloughed, your loan payments will stop because they are deducted from your pay. Loans are not considered in default until the participant has missed more than 2 1/2 payments. If you miss a loan payment (or two) as a result of the furlough, you always have the option to make direct payments to the TSP using the Loan Payment Coupon available in the Forms & Publications section on the TSP web site. Otherwise, your loan term will be extended or, if you have requested the maximum loan term, you may have a balloon payment at the end of the loan term. If you miss more than 2 1/2 payments, TSP will notify you by mail that you must mail in a personal check for the 'cure' amount to get your loan back on track.
Definition of a Shutdown Furlough:A shutdown furlough <http://www.opm.gov/policy-data-oversight/pay-leave/furlough-guidance/#Shutdown-Furlough> (also called an emergency furlough) occurs when there is a lapse in appropriations, and can occur at the beginning of a fiscal year, if no funds have been appropriated for that year, or upon expiration of a continuing resolution, if a new continuing resolution or appropriations law is not passed. In a shutdown furlough, an affected agency would have to shut down any activities funded by annual appropriations that are not excepted by law. Typically, an agency will have very little to no lead time to plan and implement a shutdown furlough.External Information:
Orange County Department of Social Services (The Department of Social Services provides temporary help to eligible individuals and families with social service and financial needs in order to assist them with leading safe, healthy and independent lives.)
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The National Association of Federal Credit Unions (NAFCU) last week launched a new web page that provides links to credit unions with furlough assistance programs for federal employees affected by the sequester.
NAFCU's Credit Union Furlough Assistance web page is a destination for links to credit unions that have already established furlough assistance programs for members. The page will be updated as new institutions weigh in with information on their own programs.
"Credit unions are doing great things to help their members," Enoch said. "Hundreds of thousands will be negatively affected by furloughs. We want to make sure they know their credit unions are ready to help," said Quincy Enoch, NAFCU's Associate Director of Legislative Affairs.
To view the Credit Union Furlough Assistance page, to go:
The credit unions listed on the page have special programs in place to assist federal employees affected by furloughs. While the programs vary, some credit unions are offering no-interest or low-interest short-term bridge loans, penalty-free early withdrawals on savings certificates, and free financial counseling.