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06/21/2015
Changes to ACH Benefit Payments from Office of Personnel Management
On March 10, 2015, the Department of the Treasury’s Bureau of the Fiscal Service announced upcoming changes to ACH benefit payments from the Office of Personnel Management. Financial institutions will begin receiving OPM ACH benefit payments with these changes effective April 13, 2015, for Daily payments and May 1, 2015, for Monthly recurring payments. These changes will result in modifications to the information included within the ACH Company/Batch Header (“5”) record. The Company Entry Description (field 7, positions 54-63) will remain unchanged as ‘XXCIV SERV’ in the ACH Company/Batch Header record.
