26 Mar '13, 4pm

@USArmy offers resources to its civilian workforce in preparation of furloughs

WASHINGTON (March 26, 2013) -- Senior Army leaders recognize that the Civilian workforce is poised to enter an era where many may face financial hardship in the event of a furlough. This Financial Resource Sheet provides links to useful information that may assist in dealing with the financial situation resulting from the anticipated furlough. One of the first documents you should review is your current Earnings and Leave Statement, as this will tell you what current deductions you have, to include allotments, and how you can make modifications that may increase your "cash flow" and to some degree minimize the full impact of lost wages due to the furlough. Understand that any changes you make, e.g., reducing tax exemptions, temporarily suspending TSP contribution, etc., may have a tax implication, and you should seek financial advice. In the event you are experiencing a fi...

Full article: http://www.army.mil/article/99456/

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