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Loss of Pay Through Furloughs Could Mean Less in Savings Accounts for Federal Employees
The Washington Post; subscription may be required
Feb. 18, 2013
"Employees invest in the [federal government's Thrift Savings Plan] based on a dollar amount per pay period or based on a percentage of salary. For those using the latter method and who are furloughed, the percentage invested 'will be of the actual pay, not the original/regular salary, so the TSP contribution would be lower than the participant initially intended,' TSP spokeswoman Kim Weaver said ... Employees under the Federal Employees Retirement System also would face a reduction in employer contributions to their accounts."
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