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This page can be found on the web at the following url:
http://www.opm.gov/BLOGS/Retire/us-treasury/

U.S. Treasury

As widely reported in the news, our government has reached its debt limit.  U.S. Treasury Secretary Geithner has since declared a “debt issuance suspension period” for the Civil Service Retirement and Disability Fund (which funds our retirees).  By law this allows the Treasury to redeem (or cash out) a portion of existing Treasury securities held by the fund.  The same law also requires that the government repay the fund with interest.

 Bottom line: This action will not affect CSRS and FERS annuity payments to retirees.  All payments will continue as normal and on schedule. 

 Thank you for your time.  I hope you find this information useful and we look forward to providing you more information in the future.


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We would like to share some very important news with you regarding the payment of your Federal retirement benefits. The U.S. Department of Treasury has made changes affecting the way you will receive payment. Everyone will be required to change to direct deposit or receive a debit card (if you do not have a bank account). If you already have direct deposit, congratulations and thank you! If you don’t, please sign up with us now. The U.S. Treasury will be sending an official notice very soon.

Wouldn’t it be nice to know that you don’t have to worry about your paper check being delayed in the mail, lost or stolen? Well, more than 95% of all Federal retirees receive their payments by direct deposit and they feel secure that their payments will arrive on time and are immediately available to them. Our direct deposit occurs on the first business day of each month!

To help you sign up for Direct Deposit, we are providing many options: 

  1. You can make your change on your online retirement account at https://www.servicesonline.opm.gov.
  2. You can fax an SF 1199A form to 724-794-6633. This form can be obtained from your financial institution.
  3. You can mail an SF 1199A form to OPM, Retirement Operations, PO Box 440, Boyers PA 16017-0440.
  4. You can call us at 1-888-767-6738. Please be sure to have your bank routing number and account number handy.
  5. You can visit www.GoDirect.org or call GoDirect at 1-800-333-1795.



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