As a sevice to our readers who are reciveing Military Retired Pay or to hope to be recieving it in the future, here’s the latest:
Director’s Corner:
As the newly appointed director for Retired Pay Operations, we wish farewell to Mr. Douglas W. Smith, who has accepted another position within the Defense Finance and Accounting Service.
As Director, I would like to take this opportunity to introduce myself. I am an active duty Navy Commander, with over 15 years on active duty. During this period I was the Supply Officer on two Amphibious Ships and a forward deployed Amphibious Staff. I have five overseas deployments in support of numerous operations, including an individual augmentation deployment on the ground in Iraq. Read more at http://www.dfas.mil/rna-news/october2008/directorscorner.html
Special Survivor Indemnity Allowance:
Section 644 of the National Defense Authorization Act (NDAA) for Fiscal Year 2008 created the Special Survivor Indemnity Allowance (SSIA). This allowance is payable to all Survivor Benefit Plan (SBP) annuitants whose annuity has been offset for receipt of Dependency and Indemnity Compensation (DIC) from the Department of Veterans Affairs (DVA). Read more at http://www.dfas.mil/rna-news/october2008/specialsurvivorindemnityallowance.html
Combat-Related Special Compensation (CRSC) and Concurrent Retirement and Disability Payments (CRDP) Open Season:
If a retiree is eligible for both CRDP and CRSC, he/she may participate in the CRDP/CRSC Open Season. Read more at http://www.dfas.mil/rna-news/october2008/crscandcrdpopenseason2009.html
Keeping Your Account Updated:
It is important that all retirees periodically review your military retirement pay account status to ensure all information is up-to-date. Read more at http://www.dfas.mil/rna-news/october2008/keepingyouraccountupdated.html
Paid-up Retired Serviceman’s Family Protection Plan (RSFPP) and Survivor Benefit Plan (SBP):
There is some good news for retirees who elected coverage under the Retired Serviceman’s Family Protection Plan (RSFPP) or the Survivor Benefit Plan (SBP). Read more at http://www.dfas.mil/rna-news/october2008/paid-uprsfppandsbpupdate.html
Security Concerns and myPay Advantages:
The Defense Finance and Accounting Service is dedicated to helping to protect against identity theft and fraud. In the continued effort to ensure privacy and security, myPay has some valuable information to protect personally identifiable information. Read more at http://www.dfas.mil/rna-news/october2008/securityconcernsandmypayadvantages.html
DFAS Museum:
Corporate Communications has embarked on a treasure hunt of sorts – rummaging through warehouses, attics, and other imaginable and unimaginable places in search of artifacts to be put on display in a new Defense Finance and Accounting Service museum that will be created in Indianapolis’ Maj. Gen. Emmett J. Bean Federal Center. Read more at http://www.dfas.mil/rna-news/october2008/dfasmuseum.html
Tax Statements Available on myPay:
Below is the schedule for viewing your tax statement on myPay for the tax year 2008:
December 10, 2008 Retiree Account Statement
December 15, 2008 Retired 1099R
December 15, 2008 Annuitant Account Statement
December 15, 2008 Annuitant 1099R
Related posts:
- Can A Reservist Get Retired Pay Before Age 60?
- Military Retirement — Special Six-Part Series — Part 5 — Spouse Benefits
- Military Retirement — Special Six-Part Series
- Military Retirement — Special Six-Part Series — Part 3 — Disability Benefits
- Military Retirement — Special Six-Part Series — Part 3 — Disability Benefits
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The above information is from the Defense Finance and Accounting Service (DFAS) Retired Pay Newsletter for October 2008. Recipients of military retired pay can subscribe to this newsletter and receive it monthly via email. The email version also contains a link to the entire newsletter in .pdf format.
Soy un militar Retirado del ARMY, por enfemedad servi conecty. Porque nosotro no tenemos eso derecho. Solamente tuve 2 1/5 aÑos Army regular. Pero fue durante la guerra de Viernam.
Roberto, wish I could help you but I’m not at all capable of Spanish … if someone else can help. do please chime in.
Survivor Benefit Plan (SBP): Is there anything on the horizon to allow a new buy-in for SBP?
Nothing I have heard of, Herbert. I’ll keep my ear to the ground and post something immediately I hear anything. Thanks for reading and commenting.
My truck was stolen last week and my statement form 1099R
was in in the vehicle.How can I get another copy of retired
statement form 1099R for 2008?
Hi David,
Sorry to hear of the theft. However the 1099 problem is easy. Just go to your account on Mypay: https://mypay.dfas.mil/mypay.aspx and you can print out as many copies as you need. If only getting the truck back was as easy.
hello i`m retiree from army well this is my point i was member of arng with 27 years in 2003 i was deploy to iraq in 2005 i come back with injury on my back and both shoulder i continue with ng then in 2006 iwas deploy to arizona to the border i have injury on my left knee i have sergury on my knee but i was unfit for duties on (peb,meb )then give me a 40% disability and permanent disability retirement in my dd214 line 18 i have soldiers disability is service connected entitled to 40% disability line 23 retirement and line 28 disability, permanent. the razon to send this statement is becouses i recive the retiree account statement that no have enough information like for what is the statement is for the 40% disability or for the retirment. dfas office dontknow what is this statement i need somebody explain to me what is the deal with this. va tell me i`m suspostu have 2 chek one for desability and one for retirment explain to mi
Hi Dario. Thanks for commenting, but I am afraid I am over my head on this. I don’t know anything about disability pay and how that is supposed to work with retirement pay. And if I start offering advice in that area I could wind up hurting instead of helping.
I’d suggest you go somewhere they have experts that are on the side of the soldier, not the government. Some places to start: Your local American Legion post (you want to see the Service Officer). Your local VFW Post, since you did have foreign service. Your closest NCOA chapter or Retired Enlisted Association. Your local Disabled American Veterans post.
Best of luck, and God bless.
Hi David;
My name is Jim Hyatt, I served 22 years in the Army, Retired in 1989. I carried SBP on my son after retirement for a few years and then dropped it. Since then I have remarried and my question is; Is there someway now that I can buy back into the SBP program in order for my current wife to be covered?
Thank You
Jim Hyatt
Have any of you noticed that a W-2 gives you a better income tax rebate instead of a 1099-R? We were using TurboTax and it gave us a huge rebate as long as it was ‘W-2″ information, but when my husband put in it came from a 1099-R, the rebate dropped to the amount of tax paid. Does anyone know about this and why do retirees *have* to have a 1099-R versus a W-2?
@Bug: The answer to your question lies in the fact that a W2 is for earned wages, a 1099R is for retirement annuities … I don’t know the specific rules the IRS uses, but wages are wages and a retirement annuity is an annuity, not ‘earned’ income. Just because it is income doesn’t mean it is ‘earned’ income under the law.
@Jimmy L. Hyatt: Hi Jimmy, thanks for writing. You certainly can enroll in SBP for a new spouse … in fact you are required to inform DFAS of a new spouse. To register your new spouse, send DFAS a certified copy of your marriage certificate along with a completed DD Form 2656-6, Survivor Benefit Plan Election Change Certificate. You can find/fill out on line a 2656-6 here:
http://www.dtic.mil/whs/directives/infomgt/forms/eforms/dd2656-6.pdf
Send the completed DD Form 2656-6 to the following address:
Defense Finance and Accounting Service,
U.S. Military Retirement Pay,
PO Box 7130, London, KY, 40742-7130.