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myPay: The Key to Controlling Your Pay
Retirees
and annuitants can receive the new Retired and Annuitant Pay Newsletter via
e-mail by signing up at DFAS’ myPay Web site. Only those with myPay
accounts and valid e-mail addresses will receive invitations to subscribe. Each
newsletter will contain articles on new entitlements, changes to retiree pay
and the latest legislative initiatives.
Retirees
and annuitants that haven’t signed up for the newsletter can visit myPay
at https://mypay.dfas.mil. Once they have
a myPay account and included a valid e-mail address, retirees and
annuitants can sign up for electronic delivery of the newsletter by clicking on
the link included on the myPay login screen.
New myPay
users will soon discover the ease and convenience of monitoring their pay
accounts online, as well as changing tax withholding information, starting or
stopping allotments and updating bank information for direct deposit of their
monthly pay. Of course, myPay users can also access their IRS
1099-R forms online weeks before receiving them in the mail, giving them a jump
on completing their IRS tax forms (and getting their refunds quicker).
Security is
always a concern in today’s society and myPay is no exception.
Current and future myPay account holders can rest assured that DFAS is committed to
providing access to information and management using the latest in online
security. myPay has always met or
exceeded industry-standard security measures to protect user’s privacy. That’s
why 3,422,536 DFAS customers, from active duty military to National Guard,
retirees and annuitants are current myPay users. Each knows the
peace of mind that myPay offers when managing their pay accounts with the best
security available. In fact, identity theft protection is greater for myPay
users than for those who rely on “snail mail” to transact their financial
business.
The latest
security enhancement available to myPay users is the ability to change
their login identification (ID) along with their personal identification number
(PIN). This allows users accessing the system to use their own unique (and
easily remembered) login information without relying
on their Social Security number to enter myPay. Users can make
these changes by logging into myPay and clicking on Personal
Settings Page. Links for changing PINs and LOGIN ID
are provided.
While the myPay
planners and programmers work on a number of future enhancements, they are also
putting the finishing touches on a new feature that will be unveiled next year.
Once launched, this new feature will provide retiree and annuitant users to
receive e-mail confirmation of the changes they make to their pay accounts when
using myPay.
Future
issues of the Retired and Annuitant Pay Newsletter will feature more articles
on how retirees, annuitants and their representatives can use myPay
to make their lives easier, simpler and more secure.
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