Federal Managers Association

In the News

• BANKS REACH OUT TO FURLOUGHED FEDS - October 10, 2013

• By Eric Katz, Government Executive

  The shutdown has left federal employees nationwide unsure of exactly when – or if – they will receive their next paycheck. A bill that would grant retroactive pay for furloughed employees is in limbo, stuck in the Senate. And even though “excepted” employees working during the shutdown know they will eventually be paid, it is unclear when that will happen; President Obama has vowed to veto a measure that would have ensured they didn’t miss any paychecks.

  It’s not all bad news for federal employees trying to keep up with their bills, however.

  Many banks across the country have pledged to help workers affected by the shutdown. TD Bank has launched TD Cares, a program that advances furloughed feds $1,000 without any interest, reimburses late fees on credit cards and adjusts mortgage payments through Nov. 2.

  To read the full article, please click here.

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