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Dec 13, 2017

Treasury Suspends Investment Into Federal Employee Retirement Funds to Avoid Hitting Debt Ceiling


Treasury Suspends Investment Into Federal Employee Retirement Funds to Avoid Hitting Debt Ceiling


'...The two funds are the Civil Service Retirement and Disability Fund (CSRDF) and the Postal Service Retiree Health Benefits Fund. Mnuchin said the government can no longer fully invest in these funds as a way to avoid exceeding the debt ceiling. He noted, however, that once the debt limit is raised, the funds will be made whole again, much along the lines of what is done with the TSP’s G Fund...'


Reference: www.fedsmith.com
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