Defense Finance and Accounting Service > RetiredMilitary > manage (2024)

FAQs

What is the retiree account statement for DFAS? ›

Your Retiree Account Statement (RAS) is a two-page document issued by DFAS that summarizes your pay, benefits and deductions at a specific point in time. It is a description of what you can expect on the next pay date. Understanding your RAS is an important first step in managing your retirement pay.

Direct Payment of Retired Pay to a Former Spouse

Under the USFSPA no more than 50 percent of a member's disposable retired pay will be sent as a direct payment. However, if there are garnishments for alimony or child support, up to 65 percent may be sent as a direct payment.

As a retiree, remarrying does not affect your military pension. However, your remarriage may affect the eligibility of your ex-spouse to receive certain benefits.

If the former spouse dies, payments will also stop. Former spouse payments cannot be passed on to a third party such as a beneficiary under a will when a former spouse dies. Once former spouse payments stop, those funds will revert back to the member's pay.

Concurrent Retirement and Disability Pay (CRDP) allows military retirees to receive both military retired pay and Veterans Affairs (VA) compensation. This was prohibited until the CRDP program began on January 1, 2004. CRDP is a "phase in" of benefits that gradually restores a retiree's VA disability offset.

Dear [Employer's Name], I am writing to inform you that I have decided to retire from my position as [Job Title] effective [Retirement Date]. After [Number of Years] years of dedicated service to [Company Name], I feel it is time to step back and enjoy my retirement.

If you receive retirement or disability benefits based on your own work history, getting divorced and remarried will not change anything. However, if you receive benefits based on a former spouse's work history, getting remarried will typically cut them off in favor of your new spouse's work history.

California is a community property state, which means that any asset acquired or earned during marriage is presumptively divided equally at the time of a divorce. Examples of assets include real property, bank accounts, vehicles, and retirement accounts, including military pensions.

Provisions of 38 CFR 3.50 as They Apply to a Surviving Spouse. Under 38 CFR 3.50, in order to qualify as a surviving spouse for Department of Veterans Affairs (VA) purposes, a person must be unmarried. Therefore, a surviving spouse who remarries is no longer eligible to receive VA benefits.

If you are designated as the beneficiary of the pension, or if your settlement agreement, court order or QDRO specifically identifies your right to “survivor benefits,” then you should be able to continue receiving your share of the pension benefits after your ex-husband's death, he said.

When my husband dies do I get his military retirement? ›

Benefit overview

Military retired pay stops upon the death of the retiree. The Survivor Benefit Plan allows a retiree to ensure, after death, a continuous lifetime annuity for their dependents. The annuity, based on a percentage of retired pay, pays eligible survivors an inflation-adjusted monthly income.

Surviving spouse, full retirement age or older — 100% of the deceased worker's benefit amount. Surviving spouse, age 60 — through full retirement age — 71½ to 99% of the deceased worker's basic amount. Surviving spouse with a disability aged 50 through 59 — 71½%.

Your Social Security Statement (Statement) is available to view online by opening a my Social Security account. It is useful for people of all ages who want to learn about their future Social Security benefits and current earnings history.

You should keep retirement plan records until the trust or IRA has paid all benefits and enough time has passed that the plan won't be audited. Retirement plans are designed to be long-term programs for participants to accumulate and receive benefits at retirement.

Summarizes your account activity for the quarter, including your beginning and ending balance, all money in and money out, gains or losses, and vested balance. Your Current. Asset Allocation. Details your ending balance for the quarter by asset class.

An annuity statement is a snapshot of your annuity's performance over time.