The Director's Corner by Karl H.
Bernhardt
"Welcome to
the second issue this year of the DFAS Retired Pay Newsletter. In
this issue you will find information addressing Disability
Retirements. A member of the Temporary Disability Retired List
(TDRL) or the Permanent Disability Retired List (PDRL) is a retired
member of the armed forces. You remain entitled to all rights and
privileges of the retired status..." Read more from the director.
Retired Pay
Greater than 75 percent for Over 30 Years
Service
One of the
more significant changes made by the National Defense Authorization
Act for Fiscal Year 2007 (Public Law 109-364) was the lifting of
the 75 percent cap used in the calculation of retired pay.
Effective January 1, 2007, anyone retiring due to service and who
has served in excess of 30 years of total active service will
receive credit for service over 30 years. More information about
Retired Pay can be found here.
Disability
Retirements
Unfortunately, some members of the armed forces are
retired due to disabilities they receive during their service.
Federal law, as well as DoD and service regulations, requires a
thorough review of each individual's case in determining the level
of disability and entitlement to disability retirement. Read more
about disability retirement.
Protecting Your Home Computer Helps Protect
Your myPay Account
Recently
security gaps on a small number of Servicemembers' personal home
computers allowed their myPay PIN to be captured and used. Read more about how this happened and precautions
to take to prevent malicious software installation on a personal
home computer.
SBP
Annuity's Two-Tier Increase
Over 200,000
recipients of Survivor Benefit Plan (SBP) annuities will see an
increase in their monthly payments deposited on May 1, 2007.
Congress approved legislation in 2005 that will eliminate the
Social Security offset reduction that applies to the Survivor
Benefit Plan (SBP) annuity over a three and a half year period
beginning October 1, 2005. Learn more about Survivor Benefit Plan
annuities.
2006
Customer Satisfaction Survey - Questions and
Answers
Common
questions and answers regarding Direct Deposit Accounts, Standard
Form 1099R, and myPay ID and Passwords can be found here.
Retiree
Seminars and Conferences
DFAS
participates with the military services in holding Retiree Seminars
throughout the year at various locations. These seminars are
typically one day and provide a forum for updating retirees and
annuitants on retired and annuity pay matters as well as issues
such as legislative updates, TRICARE, and DVA. Read more about
Retiree seminars and conferences.
