Will the Coronavirus Impact Annuity Payments?

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By on April 2, 2020 in Retirement with 0 Comments
Close up image of the coronavirus cell with the words 'Coronavirus COVID-19' overlaid on top of it

The Office of Personnel Management has released an announcement to let federal retirees know that despite the ongoing COVID-19 coronavirus pandemic and the disruptions it has caused to federal agencies, there will not be any impact to annuity payments.

OPM’s Retirement Services offices said in a statement:

COVID-19 has not affected Retirement Services’ ability to process applications or deliver timely payments. We understand the importance of the payments and services we provide and are standing by to help. We ask that you continue to use our electronic self-service options and information available on Services Online or email us at [email protected] whenever possible. Thank you for your patience.

So bottom line is the necessary services for federal retirees will continue.

Other important services for federal employees and retirees that will not be interrupted include health insurance benefits processing and Thrift Savings Plan transactions and account access.

OPM reminded federal agencies that they need to take any steps necessary to ensure that insurance benefits continue to be processed despite any possible interruptions to their normal operations.

The TSP announced on its website that it will continue to operate normally. Specifically, the TSP said the following:

  • We continue to process forms and requests.
  • TSP representatives are available to answer your questions.
  • You can access your account online through My Account.

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Ian Smith is one of the co-founders of FedSmith.com. He enjoys writing about current topics that affect the federal workforce.

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