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CRDP/CRSC Open Season continues Who it’s for… Retirees who are
eligible for both CRDP and CRSC. What it’s for… The annual CRDP/CRSC Open Season
lets eligible retirees choose which payment they would prefer to receive
(federal law states that retirees can receive CRDP or CRSC; not both). Mailing
of CRDP/CRSC Open Season election forms to eligible retirees began in late
December. When to use it… This is a “passive” Open Season,
which means that retirees only need to return the form if they want to change
from CRDP to CRSC, or vice versa. In
other words, if a retiree is receiving CRDP now and would prefer to receive CRSC
instead, he or she must complete and return the form. Likewise, if the retiree
is receiving CRSC now and would prefer to receive CRDP instead, a completed
form must be sent to DFAS (see below for details). If a
retiree prefers to keep things the way they are, he or she does nothing. To help
retirees make a more informed decision, the form will include a comparison of
the amounts to which they would be entitled under CRDP and CRSC as well as
information about the collection actions and taxes to which each type of
payment is subject. If a
retiree wants to change from CRDP to CRSC or vice versa, the completed form
must be received at DFAS by January 31st. Forms received after this date it
will not be processed and the payments now received will continue
uninterrupted. The change
in payment will be effective on the first business day of February. Due to
DFAS’ 30-day processing timeframe, some retirees may receive their first
payment on the first business day of March, and a retroactive adjustment for the
payment which would have been paid on the first business day of February. How to complete it… Retirees
wishing to change from CRDP to CRSC (or vice versa) must complete the election
form by checking the appropriate box, signing, and dating the form. If a
retiree prefers to keep things the way they are, no action is required and the
payments now receive will continue uninterrupted. Where to send it… Fax the
completed form to (800) 469-6559 or mail it to:
Defense Finance & Accounting
Service P.O. Please allow 30 days for processing. |
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