Debt ceiling and pensions


Q: I am a recent CSRS retiree with more than 42 years of service.  If the debt ceiling is not increased in a timely manner, will that impact my annuity? If so, how would that be recalculated? Will it ever be repaid?

A: The money used to pay your annuity is in the Civil Service Retirement and Disability Fund and would not be affected by a failure to raise the debt ceiling. However, if the ceiling is not raised, the Treasury Department could borrow money from the fund so the government could continue to run. When things settle down, that debt would be repaid.


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Reg Jones was head of retirement and insurance policy at the Office of Personnel Management. Email your retirement-related questions to

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