she or he can ask for the entire pension in one lump sum or can take the pension as an annuity, which is a series of payments that lasts for a specified period of time. If the retiree lives long enough, she or he will receive more money than the employer originally withheld. If the...
you must be in the Army, Navy, Marine Corps, Air Force, Coast Guard Reserve, the Army National Guard of the United States, the Air National Guard of the United States, or the Reserve Corps of the Public Health Service. If, as part of your duty as a reservist, you must...
Basic Pay is the base salary for a military member on active duty and counts for part of total military income. Basic Pay is electronically distributed on the 1st and 15th of every month, similar to many civilian jobs. The amount of Basic Pay depends on length of service as well as rank...
Officials said the issue popped up on the Navy’s radar in November, when a retiree reported an overpayment. “The Navy provided preliminary notification of an error and (DFAS) is also contacting those affected retirees and members of the Fleet Reserve, notifying them of the overpayment and co...
Either way, the NSIPS missteps suggest further struggles as the sea service works to modernize pay and personnel systems. News of the retiree pay snafu follows reports last week thatArmy Human Resources Command errorsled to at least 190 active duty pilots voluntarily resigning years ahead of sch...
Army: The Army had not finalized its continuation pay rates as of press time It’s each service’s prerogative to adjust that multiplier to meet retention needs and other requirements. Continuation pay is taxable. You can receive it in a lump sum or, to help reduce the tax bur...
How Much Money Do Retired Army Officers Get? Step 3: Determine Whether to Use the High-36 or Final Pay Plan If you entered military service -- including entering an R.O.T.C. program or the Naval Academy -- before Sept. 8, 1980, you use theFinal Pay Plan. This plan uses your high...
National Guard and Reserves retirees not receiving retirement pay can access aDFAS myPay accountspecifically for gray area retirement. The “future retiree” myPay account allows gray area retirees to keep their information up-to-date and provides a news source for important updates from DFAS and th...
Staff, Chief of Staff of the Army, Chief of Naval Operations, Chief of Staff of the Air Force, Commandant of the Marine Corps, Commandant of the Coast Guard, Chief of the National Guard Bureau, or commander of a unified or specified combatant command (as defined in 10 U.S.C. 161(c)...
I understand that Obamacare was constructed so that those who are not poor can help subsidize those who are poor so they can get health insurance. It's our duty as non-poor people. However, a 40% coverage rate on those who previously did not have health care insurance is an unacceptable...