DFAS Retired Pay Newsletter January 2011

1099R Tax Statements

1099Rs have been available on myPay since Dec. 14. They were also mailed out in December. If you haven't received yours, there are three easy ways to request a duplicate.

Read article from newsletter for more details.

COLA Update for 2011

Unfortunately, military retirees and annuitants will not receive a Cost of Living Adjustment increase in 2011. Most Survivor Benefit Plan premiums will not increase either.

Read newsletter article for more details.

Clarification: SBP Cost for Reservists

We understand some Reserve retirees are concerned about a recent change in their Reserve Component Survivor Benefit Plan (RC-SBP) premiums. Affected retirees also received communication from DFAS that was unclear. We're sorry for the confusion.

Here is the bottom line.

Keep Your Records Current

In order to receive your pay and other benefits on time every time, it's important to review your retired pay account information regularly to ensure it is current.

Read article for more details.

Branch of Service Newsletters

Did you know that each branch of service has newsletters available online? Find the links here.

Direct Deposit: better service, better security

The most efficient, timely and secure way to receive your pay is by direct deposit. Read about the benefits and find out how to enroll. Read the article for more details.

Last Week of 2011 CRDP and CRSC Open Season

Retirees eligible for both Concurrent Retirement and Disability Payment and Combat Related Special Compensation can participate in the CRSC/CRDP Open Season through the end of January. Read article for more details.

myPay Puts You in Control

Whether it's changing your bank account information or adjusting your federal tax withholding, you can manage your account online using myPay! Read article for more details.

We're Always Striving to Improve

Did you know that DFAS Retired and Annuitant Pay has been hard at work enhancing our web pages? Our initial efforts to create more customer friendly web pages are paying off. Read article for more details. l

DFAS Philosophy

In February 2010, DFAS Retired and Annuitant Pay transitioned back to a government-operated function, after nearly eight years of outsourcing to a contractor. Since then, we've been focused on building an organization that is tailored to your needs. Read article for more details

View PDF version of newsletter