Director's Corner
Welcome to
the first issue of the DFAS Retired Pay Newsletter in
2007.
Included in
this issue you will find a number of helpful articles, including an
update on the VA Retro program and how TRICARE is making it easy
for retirees to pay their TRICARE Prime enrollment fees by
establishing a monthly allotment from their retirement pay. You'll
also uncover some additional information on TRICARE, along with
pertinent Web sites, to help in your health care efforts. Please read
more from Director Karl Bernhardt.
VA
Retro Update
The Disabled
Military Retiree Retroactive Pay program, commonly called VA Retro,
is well underway. Eligible retirees are those receiving either
Combat- Related Special Compensation (CRSC) or Concurrent
Retirement Disability Payments (CRDP) and have been awarded a
retroactive disability rating increase by the Department of
Veterans Affairs (DVA) since their date of initial entitlement.
More information about the VA Retro program can be found here.
TRICARE Prime reminds retirees of a
convenient payment option
TRICARE makes it easy
for retirees to pay their TRICARE Prime enrollment fees by
establishing a monthly allotment from their service retirement
pay.
The Defense Finance
and Accounting Service (DFAS), the U.S. Coast Guard, and the U.S.
Public Health Service deducts the retirement pay
allotment.
Learn more
about TRICARE.
Concurrent Retirement Disability Payments
Increase
Concurrent
Retirement Disability Pay (CRDP) is a phased-in restoration of the
retired pay deducted from military retirees' accounts due to their
receipt of Department of Veterans Affairs (DVA) compensation
(reflected on Retiree Account Statements as the "VA waiver").
Additional CRDP information can be found here.
Tax
Season Survival Guide
With tax deadlines
approaching, retirees should have their 2006 information and forms
ready to go. Retired Pay Account Statements (RAS) and 1099Rs are
posted to myPay (
https://mypay.dfas.mil/mypay.aspx
) for quick and easy access. For retirees who do not
have a myPay account or have requested hardcopy documents, these
forms were mailed on schedule in December.
For retirees
who have not received their end-of-year statements and tax forms,
several options exist to request DFAS reissue them. Please read
more about important tax
information.
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