Your Branch of Service will provide all these documents to DFAS. Access the My Air Force Benefits calculator to calculate your retirement pay: https://www.myairforcebenefits.us.af.mil/Benefit-Calculators/Retirement, Defense Finance and Accounting Service site at: https://www.dfas.mil, Air Forces Personnel Center Retirement site: https://www.arpc.afrc.af.mil/retirement/, Blended Retirement System: https://militarypay.defense.gov/BlendedRetirement/, Access the My Air Force Benefits Blended Retirement Calculator: https://www.myairforcebenefits.us.af.mil/Benefit-Calculators/BRS-Comparison-Calculator-x558, Retired Pay Chart: https://militarypay.defense.gov/Pay/Retirement/, Gray Area (National Guard and Reserve) Retirees Now Have a New Avenue to Stay Connected: A New Kind of myPay Account: https://www.dfas.mil/RetiredMilitary/newsevents/newsletter/Gray-Area-Retirees-New-Avenue-to-Stay-Connected/, Home 'xm)LqP&\ma6$0nsUm!;&NQuM"j$Q:W'G5-gd ] FRzm|9A4jB_DT5:Rm@i93!`Wj1QvWW6 M@| Gddry%6F-xOF-Q5-x"~ql ~~Ek]p/r7$4/~u6~YN~BRK,= The virtual status bar was created to meet the needs of our customers, said Mr. Terms of Use This status bar will allow retirees to get immediate updates on their application and provides an element of transparency to the process.. Continuation Pay: A one-time, midcareer bonus in exchange for an agreement to perform additional obligated service. The visual tracking status bar is the latest in a number of innovative programs Headquarters ARPC has developed with the customer in mind. Headquarters Air Reserve Personnel Center recently introduced a virtual tracking status bar for Guard and Reserve members to monitor the status of their submitted retirement application. The retirements branch currently receives about, . The Air Forces Personnel Center implemented an automated process today that provides Airmen with an immediate determination of their retirement eligibility and prevents unnecessary application processing. Plan for retirement by viewing personalized retirement reports, performing "what-if" exercises to see how your benefits might change. Rob Poe, Headquarters ARPC retirement supervisor. Some of them will be hard to change after retirement. | Note: Service members who separate or are discharged before age 60 will be credited for basic pay purposes . HQ ARPC also released a how-to video to help retirees better understand the new process. | These include orders for Airmen eligible for Reduced Retired Pay Age, active duty and AGR retirements, and retirements for reservists and guardsmen approaching age 60. The service required above does not need to be continuous years of qualifying service. As part of cost effective modernization, we are committed to reducing costs across program lifecycles, Lacey said. Use myPay to check and make changes to your pay account to include Retiree Account Statement (RAS) which includes the monthly and yearly RAS, Combat Related Special Compensation (CRSC), Pay Changes to include Allotments, Beneficiaries and Direct Deposit, Tax information to include Federal Withholding, State Withholding, and End of Year Retiree Tax Statement (1099R). One of the great features the tracker provides is not only status updates here at HQ ARPC, but updates as the application passes through the system at DFAS, Poe said. Lump Sum: An option to receive a discounted portion of your monthly retired pay as a lump sum distribution atretirement (25% or 50%). The ARPC website also provides resources for individuals approaching retirement pay age. Service members who completed the years of qualifying service on or after 5 October 1994, but before 25 April 2005, the last 6 years of qualifying service must have been in a component other than a regular component, the Fleet Reserve, or the Fleet Marine Corps Reserve. For example, a Service member who retires after 24 years of service (YOS) with a total of 3,600 points will receive 25 percent of their "high-36" average basic pay for retirement (3,600/360 x 2.5=25%). Download the FREE Military.com Transition App Today. Retired pay will be calculated as follows: (Years of creditable service x 2.0%) x average of highest 36 months basic pay. Accessibility/Section 508 Regular Corps or Reserved Corps of the Public Health Service after June 30, 1960; c. Commissioned Officer of the National Oceanic and Atmospheric Administration after June 30, Retired pay eligibility age cannot be reduced below age 50, however, eligibility for retiree health care benefits remains at age 60. A problem we're having is that of the 655 awaiting commander's action, 295 of them have been "in coordination" for more than 60 days. Thats the most valuable part of this automated process. For additional information on the retirement pay tracker, visit the retirements sections on myPers. Privacy Statement Rob Poe, Retirement Supervisor, HQ ARPC. These include orders for Airmen eligible for Reduced Retired Pay Age, active duty and AGR retirements, and retirements for reservists and guardsmen approaching age 60. The most prominent feature of the memorial is a massive wall that lists the names of the more than 58,000 servicemen and women who lost their lives during the Vietnam War. To enlist, you cannot be younger than 17 (18 for GED holders) or older than 39 years of age. We cannot expect the customer to be the expert so were working to make the process as user-friendly as possible, said Col. Ashley Heyen, director of Personnel and Total Force Services Directorate. This status bar will allow retirees to get immediate updates on their application and provides an element of transparency to the process. Related: Comprehensive Homeless Centers. To view the status bar, applicants must navigate to the Action Request tab in the Virtual Personnel Center (vPC) and select the Retirement Application Status link in the Retirements section. Headquarters Air Reserve Personnel Center recently introduced a virtual tracking status bar for Guard and Reserve members to monitor the status of their submitted retirement application. Referred to as the "Blended Retirement System," this new system is a combination of a defined benefit plan, similar to predecessor plans that pay monthly retired pay, plus contributions to the Federal Thrift Savings Plan (TSP). The first step for Airmen to apply for retirement pay is to submit DD Form 2656 through the automated system found in myPers. Once you have completed Form DD 2656, your Branch of Service will submit it with all supporting documentation to DFAS Retired and Annuitant (R&A) Pay. Finally, what is needed to apply for retirement pay? In a given year a Service member may earn up to 365 total points (366 for a leap year), however, only 130 of those points can come from inactive duty (for retirement years ending prior to September 23, 1996 to total is reduced to 60 inactive points; for retirement years ending between September 23, 1996 and October 29, 2000 the total points is reduced to 75; for retirement years ending between October 30, 2000 and October 29, 2007 the total points is reduced to 90). They will provide you with a copy of the Data for Payment of Retired Personnel Form (DD 2656) and offer you assistance in filling it out. Form DD 2656 is the most important document you will complete in preparing for your retirement. DENVER (AFPN) -- Beginning July 31, all eligible members of the Air Force Reserve will submit retirement applications electronically via the virtual Personnel Center Guard and Reserve, a 24-hour, seven-days-a-week customer service Web portal operated by the Air Reserve Personnel Center here. Plan the timing of your application to be sure you are age-eligible for service. If you are past your date to apply for retired pay as a Gray Area Retiree, you should login to the Access vPC Dashboard in myPers. For more information about Air Force personnel policies and programs, visit our website at www.afpc.af.mil. *Reserve Component Service members may qualify for retired pay prior to age 60 under NDAA 2008. Continuation Pay: A one-time, midcareer bonus in exchange for an agreement to perform additional obligated service. Service members who transfer to the Retired Reserve until age 60 will receive credit (for basic pay purposes only) for the years spent in the Retired Reserve. | One of the great features the tracker provides is not only status updates here at HQ ARPC, but updates as the application passes through the system at DFAS, Poe said. Some decisions cannot be changed, so careful consideration of all options is crucial. Once the application is approved and is sent to DFAS, the tracker provides an Ask DFAS reference number enabling the retiree to inquire with DFAS on the status of their retired pay.. Contact Us, https://www.myairforcebenefits.us.af.mil/Benefit-Calculators/Retirement, https://militarypay.defense.gov/BlendedRetirement/, https://www.myairforcebenefits.us.af.mil/Benefit-Calculators/BRS-Comparison-Calculator-x558, https://militarypay.defense.gov/Pay/Retirement/, https://www.dfas.mil/RetiredMilitary/newsevents/newsletter/Gray-Area-Retirees-New-Avenue-to-Stay-Connected/. When all your documentation is assembled, it will be time for you to meet with your personnel office. It then displays the available data and allows retirees to review for accuracy. The automated application process, the reduced retirement pay age application, and now the status bar are all examples of how (Headquarters) ARPC is creating innovative solutions to provide outstanding customer service for retirees. Get special job alerts, offers and insider tips on making the most of your military experience in the civilian workforce. Section 647 reduces the age for receipt of retired pay by three months for each aggregate of 90 days of "specified duty' performed in any fiscal year after the date the bill became law (January 28, 2008). You should begin to assemble your documents no later than six months in advance of your target separation date. Option 3- Former active-duty Airmen who retired or separated on or after 1 October 2004 can also request copies of records such as DD Form 214's, performance reports and other information by writing or faxing: AFPC/DP1OR 550 C St. West JBSA-Randolph, TX 78150 Commercial (210)565-2450, DSN: 665-2450 Fax: Commercial (210)565-3124, DSN: 665-3124 The status bar provides the applicant a real-time snapshot of the status of their application. If eligible, Airmen may exit the system or continue with the application process. The following are the key features of the Blended Retirement System (BRS): Defined Benefit: Monthly retired pay for life after at least 20 years of service (so if you retire at 20 years of service, you will get 40% of your highest 36 months of base pay). Air Force News Access the My Air Force Benefits calculator to calculate your retirement pay: https://www.myairforcebenefits.us.af.mil/Benefit-Calculators/Retirement, Defense Finance and Accounting Service site at: https://www.dfas.mil, Air Forces Personnel Center Retirement site: https://www.arpc.afrc.af.mil/retirement/, Blended Retirement System: https://militarypay.defense.gov/BlendedRetirement/, Access the My Air Force Benefits Blended Retirement Calculator: https://www.myairforcebenefits.us.af.mil/Benefit-Calculators/BRS-Comparison-Calculator-x558, Retired Pay Chart: https://militarypay.defense.gov/Pay/Retirement/, Gray Area (National Guard and Reserve) Retirees Now Have a New Avenue to Stay Connected: A New Kind of myPay Account: https://www.dfas.mil/RetiredMilitary/newsevents/newsletter/Gray-Area-Retirees-New-Avenue-to-Stay-Connected/, Home HQ ARPC has developed two web-based applications located within the Virtual Personnel Center that simplifies the process for retirees applying for retired pay; whether at age 60 or a reduced retirement pay age, if eligible. In addition to step by step updates, the tracker provides a DFAS tracking number to inquire about retirement pay issues after the application passes from HQ ARPC to DFAS. Not be entitled to retired pay from an armed force, under any other provision of law other than as outlined in 10 United States Code Section 12741, Be at least 60 years of age (or subject to reduction of age for receipt of retired pay- see Benefit Highlights*), and. Defined Contribution: Government automatic and matching contributions of up to 5% of basic pay to your Thrift Savings Plan (TSP) account. Assembling Your Documents This allows an Airman's or Guardian's personnel data to populate the calculator fields for a personalized, close estimate of retired pay. If DFAS receives a complete DD 2656 and all necessary documentation by your date of retirement, you will be paid 30 days after that date. Air Force Reserve Command safety director,Col. John A. Lesho, III,announces Safety Award Winners for FY '22. Your retirement will be updated within 10 duty days. Published May 2, 2019 Air Reserve Personnel Center Public Affairs BUCKLEY AIR FORCE BASE, Colo. (AFNS) -- Headquarters Air Reserve Personnel Center released a web-based application April 29 enabling retired Guard and Reserve Airmen to more easily apply for retirement pay and benefits. Every service member leaves the military eventually. $?Cu2O"1{M\s*qTe~69wY00c?n=SAr?E#Zb]M"=lcq"'-k|Ck/ The Thrift Savings Plan (TSP) is a Federal Government-sponsored retirement savings and investment plan. No longer do retirees have to submit every set of orders for a deployment or extended tour qualifying for a reduced retirement pay age. Terms of Use For additional information on the retirement pay tracker, visit the retirements sections on myPers. The Air Force's Personnel Center implemented an automated process today that provides Airmen with an immediate determination of their retirement eligibility and prevents unnecessary application processing. When the servicemember returns, the family may feel uncomfortable with each other, and the servicemember may withdraw from the family. The Air Force's Personnel Center implemented an automated process Nov. 7 that provides Airmen with an immediate determination of their retirement eligibility and prevents unnecessary application processing. Service members who separate due to a service-connected disease or disability may be eligible for VA benefits and certain TRICARE benefits. Accessibility/Section 508 "Specified duty" includes active duty (excluding active duty for training) or "active service" under Title 10 USC Sections 688, 12301(a), 12301(d), 12302, 12304, 12305, and 12306 and Title 32 USC, Section 502(f), if responding to a national emergency declared by the President or supported by federal funds. HQ ARPC has developed two web-based applications located within the Virtual Personnel Center (vPC) that simplifies the process for retirees applying for retired pay; whether at age 60 or a reduced retirement pay age, if eligible. | Non-regular Retired pay under the Reserve system is computed by totaling all points earned during a Service member's career, dividing by 360 (one year) and then multiplying by 2.5 percent to determine the benefit multiplier. The Vietnam Veterans Memorial is the most visited memorial on the National Mall in Washington, attracting more than 5 million people each year. Below are the key documents needed to confirm your eligibility and compute your retirement benefit. The Blended Retirement System (BRS) combines elements of the legacy retirement system with benefits similar to those offered in many private-sector 401(k) plans. Retirees who are unable to accessthe video can also see the step by step process here. Be at least 60 years of age (or subject to reduction of age for receipt of retired pay- see Benefit Highlights*), and Must apply for retired pay by submitting an application on-line at the Virtual Personnel Center, or by mail to: HQ ARPC / DPTTR, 18420 E. Silver Creek Avenue, Building 390, MS 68, Buckley AFB, CO 80011-9502. 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