The Director’s Corner by Karl H. Bernhardt
Welcome to the fourth and last issue for this year of the DFAS Retired Pay Newsletter. I want to take this opportunity to thank all of you for your interest in the newsletter and for your valuable suggestions and feedback. I have accepted another position within the Defense Finance and Accounting Service as “Director of Finance/Chief of Staff for the Cleveland Center.” ... To read more from the director, click here.
Keeping Your Records Updated
Too often, DFAS hears from surviving spouses who did not receive the retired pay for the portion of the last month the retiree was alive because this money went to someone else whom the member had named at retirement. In order to prevent this unfortunate situation, it is imperative that an updated beneficiary is on file with DFAS... To read more about keeping your records updated, click here.
myPay and the unknown capabilities
While most retirees use myPay to retrieve their Retiree Account Statement (RAS) and 1099R Tax Statement, many may not be aware of the other features offered in their myPay account. myPay provides the customer with the access and capability to input desired or needed changes at their convenience... To read more about myPay and the unknown capabilities, click here.
Paid-up SBP/RSFPP
Participants in the Survivor Benefit Plan (SBP) and Retired Serviceman’s Family Protection Plan (RSFPP) have a new milestone to mark. Effective October 1, 2008, participants in either the SBP or RSFPP, who reach 70 years of age and have made 360 payments (30 years), will no longer have to pay premiums for continued annuity coverage... To read more about paid-up SBP/RSFPP, click here.
Souvenir Munitions
The following is presented on behalf of the Special Assistant to DASA in the Office of the Deputy Assistant Secretary of the Army:
Civilians who are unaware of the danger associated with military munitions, or military personnel who have ignored it, often find and keep munitions as souvenirs... To read more about souvenir munitions, click here.
