 |
|
The Director's Corner by Karl H.
Bernhardt
"Welcome to the 10th issue of the DFAS
Retired Pay Newsletter. A table has been included in this issue providing the
dates that the tax statements and end-of-year statements will be available..."
Please
read more as the Director of Retired Pay, Karl H.
Bernhardt, introduces you to the final issue of the newsletter in 2006.
|
|
Annual Retiree Account Statements
Military retirees and annuitants paid by
the Defense Finance and Accounting Service (DFAS) can expect to receive their
tax statements and end-of-year statements beginning mid-December on
myPay.
Continue reading about important information regarding your
end-of-year statements as 2006 draws to a close. |
|
Cost of Living Adjustments for 2007
Based on the increase in the Consumer Price
Index, there will be a cost of living increase for retired pay and for SBP
annuities effective December 1, 2006. Retirees and annuitants being paid on an
account where the retiree first became a member of the uniformed services
before September 8, 1980 and retired prior to January 1, 2006 will receive a
full COLA increase of 3.3 percent.
Read more to find the percentage increase of COLA you are
entitled to. |
|
Combat-Related Special Compensation
(CRCS)/Concurrent Retirement and Disability Pay (CRDP) Open Season
If a retiree is eligible for both CRDP and
CRSC, he or she may participate in the CRDP/CRSC Open Season. This annual open
season election period will be from January 1, through January 31, 2007 and
allows the retiree to choose which payment is preferred. Federal law states
that you can receive CRDP or CRSC; not both.
Read more now on how to make changes to your CRDP
or CRSC before the open season ends! |
|
VA Retro/Disabled Military Retiree's
Retroactive Pay
On September 1, 2006, the Defense Finance
and Accounting Service (DFAS) and the Department of Veterans Affairs (DVA)
finalized plans for disabled military retiree retroactive pay, commonly called
the VA Retro program. Continue reading to learn more about the program
here. |
|
|
