Crossroads Retirement Seminar Camp Rapid, Bldg 802 Current Service Members 0800-1600 Retirees 1200-1600
Retired Pay, Tricare, Volunteering, Employment
Veterans Affairs, Federal Benefits, State Benefits
Welcome Registration
Retirement Services Brief Michael L. Strang Army Retirement Services Office 7 March 2020, Morning Class
My Goal Provide you information on the Retirement Process and become an incredible resource for you to make your retirement a success.
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PURPOSE Explain the 20 Year Letter Process and “Tentative” time line Break the Reserve Component Survivor Benefit Plan (RCSBP) down into understandable blocks The way Forward, Now What
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Personal Experience Retirement Service Officer since March 2017
Processed over 350, 2656-5 RCSBP Elections Completed the Retirement Services Officer Course
I myself have received my 20 Year NOE
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20 Year Letter/Notice Of Eligibility • Issued after a RC Soldier attains 20 qualifying years of service (minimum of 50 points per year) • Contains an NOE, NGB23A, and DD Form 2656-5 RCSBP Election Certificate • 15 year letter – issued only after Medical Board, Soldier asks for transfer to Retired Reserves, CG authorizes and publishes order.
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Retired Pay Formula • Retirement Points divided by 360 = 4.33 • Multiplied by 2.5% = .108 • Times Base Pay (4172.00) = $451.96 Points/360 = x .025 x Base Pay = $$$$$$$
Bottom Line – More points equals more Money
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4 Options once you hit 20 Yrs 1. Stay in the ARNG –
Earn more points, Promotions, Drill Pay, Tricare, and Low Cost SGLI
2. Transfer to Retired Reserve
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No additional points, continue to accrue base pay raises, SGLI to VGLI, PX, Commissary, Space A Travel for Retiree only
3. Transfer to Inactive Ready Reserve (IRR) – Do your Research, 1 Muster Per Year, Might get deployed
4. Discharge completely (Not Recommended) – No benefits until 60, No pay raises
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WHAT IS RCSBP? • The Reserve Component Survivor Benefit Plan (RCSBP) is an Annuity left to your loved ones. It is the only way to leave a portion or your hard earned Retired Pay to someone else
• RCSBP will not cost you a penny until you start to draw retired pay • If retired from active duty, RCSBP elections are voided and there is no RCSBP cost for coverage received 10
RCSBP 3 Election Options • Option A: Decline • Option B: Deferred annuity until RC Soldier would turn age 60 • Option C: Immediate
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RCSBP Option A A
• Option A (Decline election until Age 60) • No coverage, No Annuity, no one gets anything • If no eligible beneficiary at election, may elect RCSBP within one year of first obtaining an eligible beneficiary • Cost is $0.00 (Single Soldiers, no children, no court order) 12
RCSBP Option B B
• Option B (Deferred Annuity) • RCSBP coverage • Annuity pays when Soldier would have turned 60
• Cost is approx. 25% less than Option C
(Married, no children, spouse is financially set) 13
RCSBP Option C •Option C (Immediate Annuity)
C
• RCSBP coverage • Pays immediately at Soldiers death
• RCSBP becomes SBP election • Cost is 2.5% of retired pay, pre-taxed, after receipt of pay (99% of Married or Married with children elect Option C)
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Spouse Option • • • • • •
provides annuity of 55% or your Retired Pay annuity paid forever (unless remarriage occurs pre-55) if remarriage ends, annuity reinstated increased annual by COLA taxable as an annuity RCSBP premiums stop when there is no eligible spouse or former spouse in election category
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Spouse & Child Option • spouse is primary beneficiary • children are secondary beneficiary and receive the annuity only if spouse becomes ineligible (pre-55 remarriage or death) and they are still eligible • child cost is based on years age difference between Soldier, spouse and youngest child • cost of child coverage is very low • when no eligible children remain, Child SBP cost stops but RCSBP cost continues • all eligible children are covered at one cost
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Child Only RCSBP • cost based on age difference between Soldier and youngest child at time of election • $1000 Base Pay, SM is 42, Child is 10, cost is $2.00 • If married and child only SBP is elected, spouse must concur and must be notarized
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Child SBP Rules and Eligibility • eligible until 18, or 22 if full-time, unmarried student
• unmarried incapacitated child - eligible forever (if condition was incurred pre-18 or 22) • all eligible children covered at one cost • when no eligible children remain, Child SBP cost stops but RCSBP cost continues
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RCSBP Spouse Concurrence • If you elect anything other than Option C, Full Retired Pay, than your Spouse must sign and also have the DD Form 2656-5 notarized.
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RCSBP (Spouse and Child Only Full Retired Pay) 20 Yr Ltr
Service Member Pass Away
Age 60
$0.00
GRAY Area
Retired Pay Check RCSBP 2.5% Tax 24% Net Pay
$25.00
Receiving Retired Pay
$550.00
Spouse Receives Annuity
$1000 - $25 (Pre Tax) - $234 (24%) $741
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Termination Feature • one-year window between 25th and 36th months after start of retired pay • spouse concurrence required • barred from future enrollment • no refund of past premiums • No termination of RCSBP premiums because it is for coverage already received 21
No Beneficiary at 20 Year Letter • Decision whether or not to enroll new family members MUST be made within one year of gaining them • New spouse becomes eligible at 1-year marriage anniversary • A child becomes eligible after one year
• Submit request for SBP to HRC within one year to State Retirement Service Office • If no action is taken to elect RCSBP within one year of the first spouse or RCSBP eligible child after NOE to elect RCSBP, the RCSBP election option defaults to Option A, decline RCSBP participation 22
The Annuity
Amount: Annuity is 55% of the amount of your retired pay you elect to cover (base amount) regardless of the annuitants age
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“30-Year Paid-Up Provision”
30 years of paying RCSBP/SBP Premiums (360 payments)…
AND reaching age 70. Note: Must make 360 RCSBP payments to be paid-up for RCSBP and 360 SBP payments to be paid-up for SBP
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RCSBP Election and Active Duty Retirement • Affect of RCSBP election on active duty retirement – RCSBP election has no affect on active duty retirement – Must make separate SBP election – There is no cost for RCSBP coverage already received prior to active duty retirement
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For More Information‌.
http://soldierforlife.army.mil/retirement/
https://www.hrc.army.mil/
http://myarmybenefits.us.army.mil/
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Thank you for your dedicated Service to this Nation
QUESTIONS?? SSG Mike Strang (605)737-6952 Michael.l.strang.mil@mail.mil
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VA Black Hills Health Care System
Mission To maintain and improve the health and well being of network Veterans.
Vision To be a patient centered, integrated health care organization for Veterans providing excellent health care, research and education. Be an active Federal, State and community partner and a back-up for national emergencies. Be an organization where people choose to work.
The price of freedom is visible here.
DEPARTMENT OF VETERAN AFFAIRS (VA) Department of Veterans Affairs (VA)
Veterans Health Administration (VHA)
Veterans Benefits Administration (VBA)
National Cemetery Administration (NCA)
ď śVet Center falls under VHA organization
RAPID CITY VET CENTER 621 6TH ST, SUITE 101 RAPID CITY, SD 57701 PHONE: 605-348-0077 FAX: 605-348-0878
VA HEALTH CARE “THE BEST CARE ANYWHERE”
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2 VA Medical Centers: Black Hills • Ft. Meade: •
113 Comanche Road Fort Meade, SD 57741 Phone: 605-347-2511 Or 605-347-2511 Fax: 605-720-7171
• Hot Springs: • 500 North 5th Street Hot Springs, SD 57747 Phone: 605-745-2000 Or 605-745-2000 Fax: 605-745-2091
Community Based Outreach Clinics Rapid City CBOC:
3625 5th Street Rapid City, SD 57701 Phone: 605-718-1095
We also have clinics in: Pierre, SD New Castle, Wyoming Scottsbluff, Nebraska Pine Ridge, SD Winner, SD Mission, SD
NATIONAL GUARD AND RESERVE SERVICE SERVICE AS A TRADITIONAL RESERVIST OR NATIONAL GUARD MEMBER IS NOT ACTIVE SERVICE AND IS NOT ADEQUATE SERVICE UPON WHICH TO ESTABLISH VETERAN STATUS.
THIS SERVICE INCLUDES ONE PERIOD OF WEEKEND DRILL MONTHLY AND TWO WEEKS OF ANNUAL TRAINING YEARLY. THIS SERVICE IS REFERRED TO AS
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IADT, WHICH INCLUDES TRADITIONAL DRILL WEEKENDS ADT, WHICH INCLUDES --INITIAL PERIOD OF BASIC TRAINING AND SPECIALIZED JOB SKILL TRAINING -- TWO WEEK AT PERIOD.
ACTIVE DUTY
CALLED TO FULL TIME ACTIVE DUTY UNDER 10 U.S.C (TITLE 10 ORDERS)
RESERVES ACTIVE GUARD RESERVE (AGR) AND/OR ACTIVE DUTY SUPPORT (ADS) IS FULL TIME, AND FOR OPERATIONAL OR SUPPORT PURPOSES, AS OPPOSED TO TRAINING.
RESERVES AND/OR NATIONAL GUARD WITH A PERIOD OF ADS EXCEEDING 179 DAYS.
NOTE: FULL TIME NATIONAL GUARD AGR IS NOT CONSIDERED ADT, NOT ACTIVE DUTY.
COMBAT THEATER VETERANS FACTS: MUST MEET BASIC ELIGIBILITY REQUIREMENTS COMBAT VETERAN 5 YEAR WINDOW STARTS THE DAY OF DISCHARGE FROM ACTIVE DUTY (ON THE DD-214)
COMBAT VETERANS WILL REMAIN IN PRIORITY GROUP 6 UNTIL THE END OF 5 YEAR COMBAT ELIGIBILITY PERIOD. AFTER 5 YEARS PRIORITY GROUP WILL BE BASED ON:
INCOME OR OTHER ELIGIBILITY FACTORS SUCH AS A SERVICE CONNECTION
COMBAT VETERANS WILL NOT HAVE COPAYMENTS FOR CONDITIONS RELATED TO YOUR EXPOSURE OR
COMBAT.
COMBAT VETERANS WILL MAKE COPAYMENTS FOR CONDITIONS UNRELATED TO COMBAT, UNLESS YOU ARE IN A COPAY EXEMPT STATUS.
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VETERAN FINANCIAL ASSESSMENT COMBAT VETERANS, WHILE NOT REQUIRED TO DISCLOSE THEIR INCOME INFORMATION, MUST COMPLETE THE
10-10 EZ APPLICATION
HEALTH BENEFITS, WHICH BY SIGNING, ACKNOWLEDGES AGREEMENT TO MAKE COPAYMENTS IF APPLICABLE. FOR
IF INCOME IS PROVIDED IT WILL DETERMINE ELIGIBILITY FOR A PRIORITY STATUS THAT OFFERS POSSIBLE BENEFICIARY TRAVEL BENEFITS AND EXEMPTION OF COPAYS FOR CARE UNRELATED TO THEIR COMBAT.
IF YOU DO NOT ENROLL WITHIN YOUR 5 YEAR WINDOW, YOU MAY NOT BE ELIGIBLE FOR ENROLLMENT AT A LATER DATE.
VA ASKED THAT EVERY SERVICE MEMBER FILL ONE OUT DURING THIS YR EVENT.
VA BENEFITS AND SERVICES TO ENJOY • • •
IMMEDIATE BENEFITS OF HEALTH CARE COVERAGE.
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ENROLLMENT WITH VA SATISFIES THE HEALTH CARE LAW’S REQUIREMENT TO HAVE HEALTH CARE COVERAGE.
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MEDICAL CARE RATED AMONG THE BEST IN THE UNITED STATES.
NO ENROLLMENT FEE, MONTHLY PREMIUMS OR DEDUCTIBLES.
ONCE ENROLLED, THE VETERAN WILL REMAIN ENROLLED FOR LIFE.
VA HEALTH CARE CAN BE USED ALONG WITH MEDICARE AND ANY OTHER HEALTH INSURANCE COVERAGE.
VA Benefits Offered • • • • • • • • 55
VA’S WOMEN VETERANS HEALTH CARE
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COMMUNITY CARE • •
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VA MISSION ACT
STRENGTHEN VA’S ABILITY TO RECRUIT AND RETAIN CLINICIANS
AUTHORIZE “ANYWHERE TO ANYWHERE” TELEHEALTH PROVISION
OFFER A NEW AND IMPROVED COMMUNITY CARE PROGRAM
ESTABLISH ACCESS TO URGENT CARE
IMPROVE VA INFRASTRUCTURE
Dental Care `
One time cost free treatment VA will complete any dental work started until resolved. For Combat Veterans who: served for 90 days or more, apply within 180 days of separation, and DD-214 indicates dental care was not provided within 90 days of release or discharge
MENTAL HEALTH • • •
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SAME DAY
WHOLE HEALTH CARE •
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VETERANS AND A SUPPORT PERSON ARE INVITED TO ATTEND INTRODUCTION TO WHOLE HEALTH
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YOUR VA HEALTH CARE
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VA MEDICAL RECORDS ARE ELECTRONIC, WHICH MAKES THEM ACCESSIBLE AT ANY VA FACILITY. YOU CAN RECEIVE CARE AT ANY VA IN THE NATION.
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MY HEALTHE VET IS
PROGRAM YOU CAN SIGN UP FOR WHICH ENABLES YOU TO ACCESS YOUR OWN RECORDS AND SEND SECURE MESSAGES TO YOUR PROVIDERS.
VETERANS CRISIS LINE
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HTTPS://WWW.YOUTUBE.COM/WATCH?V=U1I02OQOWBS
• WWW.SUICIDEPREVENTIONLIFELINE.ORG
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Personal Financial Counselor (PFC) Marli Erickson, CFP (605) 496-5288 pfc.sd.ng@zeiders.com
Thrift Savings Plan (TSP) Crossroads Retirement Seminar 7March2020
Marli Erickson, Personal Financial Counselor, CFPÂŽ
Thrift Savings Plan (TSP) Retirement Strategies
Marli Erickson, Personal Financial Counselor, CFPÂŽ
TSP • Retirement Savings Plan (TSP) Member of the uniformed services –YOU!
• Established by Congress in 1986 • 33 Years of history (25 + 33 = 58)
• Similar to 401K plans offered to Private Sector Employees
Thrift Savings Plan (TSP) Investment Funds G F C S I Fund Returns Lifestyle Funds Returns
TSP Investment Funds
TSP G F C S I Fund Returns
TSP Lifestyle Funds Returns
TSP Lifestyle Fund Strategy
Lifestyle Fund Title Represents
Year Withdrawals Start
TSP G F C S I are Index Funds
TSP Retail Mutual Funds
TSP How to Make Investment Choices
TSP Fees
Thrift Savings Plan (TSP) A benefit for Service Members in Retirement Enhanced 9.15.2019
TSP Contributions
TSP L Fund Changes in 2020
• L 2025 • L 2030 • L 2035 • L 2040 • L 2045 • L 2050 • L 2055 • L 2060 and L 2065
Age related Events 59 ½ Earliest Withdrawal Date, no 10% penalty.
Age related Events 70 ½ Required Minimum Distribution (RMD)
Age related Events 70 ½ • Based on mortality age of 97 and current age of 70 ½ (27 years) • Required minimum distribution (RMD) (exposure to taxes) • 1/27th of all funds Traditional withdrawn
Age related Events Age 70 ½ Required Minimum Distribution (RMD) Traditional Plans (IRA’s)
Age related Events Age 70 ½ •Required Minimum Distribution (RMD) •Traditional Plans (IRA’s)
Age related Events Age 70 ½ Required Minimum Distribution (RMD) Traditional Plan Employer Contributions
Age related Events TSP and Civilian Retirement Plans
Roth Plans • Employer Contributions – No RMD until Death • Employee Roth Contributions – non-taxed
TSP Updates Changes benefit Military Retirees!
TSP Updates Beginning September 15, 2019, you will have more options for how and when you can access money from your TSP Account. Tsp.gov
TSP Updates 9.16.2019 Post service separation allows for multiple partial withdrawals Previous One partial withdrawal post separation – Next Withdrawal must be in full.
Retirement Benefit • Readily access TSP funds post 59 ½ • Funds remain in TSP with reduced costs • Reduced tax affect when no lump sum transfer required
TSP Update 9.16.2019 59 ½ or older, working in federal civilian or uniformed service, 4 inservice w/d’s a year Previous One age-based withdrawal for employees at age 59 1/2
Retirement Benefit • AGR transition to Federal Civilian employment , post age 59 ½ - increased access to TSP Funds as needed • Potential to purchase Long Term Insurance with TSP funds at earlier age. • Funds remain in TSP with reduced costs
TSP Retirement Strategy The Basics: 33% - Fixed Income = SM/FERS Pension 33% - TSP Conservative Fund ex: 2030 33% - TSP High Risk ex: 2050 and beyond Schedule an appointment for more details on utilizing TSP for income in retirement years.
TSP Update 9.16.2019 Choose whether your withdrawal comes from Roth balance, Traditional balance or proportional mix of both. Previous All withdrawals must be taken proportionate to Traditional and Roth balances.
Retirement Benefit • Control taxation per yearly circumstances (consult with CPA for tax advantages yearly)
• Increased individual choices
TSP Update 9.16.2019 No longer need to make a full withdrawal from TSP at age 70 ½ and are separated from federal service. IRS required distributions (RMD) still required.
Previous Separated? One Partial Withdrawal Next w/d in full 70 ½ Exit TSP
Retirement Benefit Lifetime enrollment in TSP with reduced fees
TSP Update 9.16.2019 Separated TSP participants are able to take monthly, quarterly, or annual payments. Previous Monthly payments cannot change unless you cash out of TSP
Retirement Benefit • Increased individual choices • Align withdrawals with market conditions • Decreases the advantages of an annuity withdrawal plan.
Retirement Strategy • Determine a yearly TSP payment • Withdrawal yearly amount in January • Deposit funds in Money Market (2%) • Transfer a monthly payment from Money Market to checking account
Retirement Strategy Example: $1,000 monthly withdrawal from TSP Market Effect January 27,000 $1000 February 24,000 $1,150 March 22,000 $1,300 April 26,000 $1,075
TSP Update 9.16.2019 Able to stop, start or make changes to your installment payments at any time. Previous Changes allowed only during yearly open period
Retirement Benefit • Individual Choice • Change in financial circumstances • Your money, your choice • Aligns with Retail brokerages
Retirement Annuity The Thrift Savings Plan Life Annuity is managed by MetLife Insurance Co, which has been running the TSP annuity program since its inception.
• Tsp.gov
Retirement Annuity Example $250,000 is placed in a MetLife Annuity $250,000 Lifetime Fixed interest rate 1.875% (see chart) Factors: Life expectancy Lifetime benefit Survivor benefit
Retirement Annuity
Retirement Strategy
TSP Contribution Limits 2020 Employer Sponsored Plans
TSP Technicians
TSP Add extra security to TSP account 4/15/2019 Two-step authentication
Receive a one-time verification code by email or text each time you log into your account. Log on to tsp.gov and go to your profile settings.
SD Guard & Reserve Personal Financial Counselor Appointments Tuesday – Friday
7 to 5 pm
Evening Appointments Tuesday & Thursday’s 6 pm to 9 pm at a local library Available as a benefit to the Uniformed Services
SD Guard & Reserve Personal Financial Counselor
SD Guard & Reserve Personal Financial Counselor
Military OneSource Jeremy Waddell South Dakota Military OneSource State Consultant (605) 639-0409 Jeremy.waddell@militaryonesource.com
Military OneSource Connecting You to Your Best MilLife
http://www.MilitaryOneSource.mil
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Connecting You to Your Best MilLife Military OneSource: Your 24/7 connection to information, answers and support. Your one source for your best MilLife. • Dedicated to the greater military community — service members, military spouses, families and survivors • Helping you take full advantage of all the benefits and resources you have available Operated under the direction of the deputy assistant secretary of defense for Military Community and Family Policy
www.MilitaryOneSource.mil • 800-342-9647
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More Ways We Serve You • A single source of information and assistance for service members and military families • Private, discreet, individualized support • Free, tailored, confidential • Trustworthy information and resources — from the Department of Defense
www.MilitaryOneSource.mil • 800-342-9647
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Serving Our Military Community Worldwide Here’s who is eligible for Military OneSource services: • All active duty, National Guard and Reserve Component service members, regardless of activation status • Immediate family members • Coast Guard, when activated with the Navy • Expeditionary civilians, 90 days pre- until 180 days post-deployment • Retired or discharged honorably to include a general discharge, up to 365 days past separation • Survivors: non-remarried spouses and children www.MilitaryOneSource.mil • 800-342-9647
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Connect You to Support and Resources
www.MilitaryOneSource.mil • 800-342-9647
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Privacy Protections Personal information is secure. Each user is treated confidentially and with respect, regardless of rank Privacy protections ensure your personal information will not be: • Provided to the military or chain of command • Shared with family or friends • Released to other agencies Privacy exceptions include the following duty-to-warn situations: • Suspected family maltreatment (domestic violence, child or elder abuse or neglect) • Harm to self or others • Illegal activity
www.MilitaryOneSource.mil • 800-342-9647
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Non-medical Counseling to Help You Be Your Best Confidential non-medical counseling: • • • •
For service members and military families Private, at no cost, not reported to command Short-term, up to 12 sessions Connects you – or immediate family members – to counseling from licensed mental health clinicians • Helps with issues such as: o Improving relationships at home and work o Stress management o Marital and communication issues o Adjustment and deployment difficulties o Parenting skills o Grief or loss
www.MilitaryOneSource.mil • 800-342-9647
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How to Access Non-medical Counseling You can connect with Military OneSource 24/7/365 from anywhere in the world to arrange your session: Counseling services are offered via: • • • •
Telephone Online chat Secure, live video session Face-to-Face
Face-to-face sessions are also available through the Military and Family Life Counseling Program at installations worldwide
www.MilitaryOneSource.mil • 800-342-9647
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Specialty Consultations (1 of 2)
Health and Wellness Coaching Personal coaches to help you set and reach goals to lose weight, manage stress, tackle transitions or make more healthy lifestyle changes. Peer-to-Peer These free, confidential consultations provide opportunities for you to discuss personal or career challenges or aspirations with someone who’s been there Wounded Warrior Get immediate assistance for issues related to health care, resources, facilities and benefits — for eligible wounded, ill or injured service members, veterans and their caregivers.
www.MilitaryOneSource.mil • 800-342-9647
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Specialty Consultations (2 of 2) Elder Care Consultants can help you understand benefits from the VA and Medicaid, how to find in-home care and facilities and get referrals for programs. Education From pre-school to college tuition, education consultants can connect you to resources for service members, for military spouses and military children. Spouse Relocation and Transition Personalized help with moving and transition for military spouses. Get help with managing moving plans, housing allowances, shipment and storage, and more.
www.MilitaryOneSource.mil • 800-342-9647
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The Military OneSource Website MilitaryOneSource.mil Is your 24/7/365 connection to even more resources, services and information. The Homepage: • 800 number and OCONUS Calling Options • Connect to secure online chat • Optimized search function • Categories and featured content • Menu with Quick Access links to important pages and Site Feedback • Confidential Help
www.MilitaryOneSource.mil • 800-342-9647
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Connect to More Services The Morale, Welfare and Recreation Digital Library Provides service members and their families with:
• Access to free library resources via computer • Any time and any place where there is internet access • Resources include: • • • • •
BrainHQ • EBSCO eBooks Audiobooks Collection • Mango Languages Britannica Library • Morningstar Chilton’s Auto Repair Investment Research Consumer Reports Center
www.MilitaryOneSource.mil • 800-342-9647
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Connect to Your Best MilLife
Toll-free telephone 800-342-9647
You Can Expect: • • • • •
Worldwide access 24/7/365 Free and confidential support Objective and experienced experts Current and practical information and tools A commitment to help service members and military families thrive
www.MilitaryOneSource.mil with live chat www.MilitaryOneSource.mil Interaction with trained professionals
www.MilitaryOneSource.mil • 800-342-9647
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Questions? Your 24/7 connection to information, answers and support. Your one source for your best MilLife. 800-342-9647 • www.MilitaryOneSource.mil
www.MilitaryOneSource.mil • 800-342-9647
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Troops to Teachers Larry Broomfield (605) 393-5350 lbroomfield.troopstt@icloud.com
Larry Broomfield South Dakota State Representative 605-393-5350 Lbroomfield.troopstt@icloud.com
Make a difference, become a Teacher!
A DOD program, established in 1994 to assist transitioning service members and veterans in beginning a new career in public schools, charter schools, and BIA schools.
Make a difference, Become a Teacher!
• • • •
•
Why Teaching? Make a difference in the lives of our students Share your passion Our kids need good role models like you Your leadership skills, world knowledge, technical skills and dedication to our country make you a natural fit for the classroom. Veterans are in high demand for teaching by school administrators.
You, a Veteran You, a Teacher
Tremendous Benefits for Schools • Your ability to learn and perform makes you ideal for becoming a Highly Qualified Teacher • You are needed – This is a high demand career • Your proven record in the military demonstrates: • • • • •
Strong work ethic Adaptability Leadership Discipline Integrity
• • • • •
Global Perspective Respect Initiative Diversity Honor
Make a difference, Become a Teacher! Register Today to show you are interested No Cost, No commitment
Troops To Teachers www.proudtoserveagain.com
Troops To Teachers advises you through the process of becoming a certified teacher, helping you find the necessary training, getting enrolled, completing licensing requirements, and helping you find a teaching job. All at no cost to you.
NGASD State Sponsored Life Insurance Dave Burr NGASD Insurance Administrator (605) 569-6860 dburr6860@gmail.com
Crossroads Retirement Seminar 16 November – Camp Rapid, Bldg 802 Current Service Members 0800-1600 Retirees 1230-1600
Retired Pay, Tricare, Volunteering, Employment
Veterans Affairs, Federal Benefits, State Benefits
Welcome
Registration
Michele Anderson Support Coordinator SD Survivor Outreach Services (605) 737-6090 michele.m.anderson.ctr@mail.mil
One Army Program
Active Duty National Guard
Reserve
An official Army Program to provide long term support to Surviving Families of the Fallen regardless of military component, duty status, location, or manner of death.
Importance of Survivor Outreach • Confidence your loved ones will have access to resources of support • Assistance with claiming benefits and entitlements • Connection to the Army • Connection to resources (Community, State, Federal and Military)
Support Coordinators •Case Management •Coordinate with Casualty Department •Financial Counseling •Benefit/Milestone Management •Ongoing Outreach
Prove it!
Records
•Where are your service records?
•Recommend you have copies of: •214’s (ensure block 24 – character of service is indicated) •NGB 22 – Separation from National Guard Bureau •Retirement discharge order •Survivor Benefits election
Keep your contact information updated! •Address changes & life changes Update: Defense Finance & Accounting Services (DFAS)
Defense Enrollment Eligibility System (DEERS)
Veterans Administration (VA) TRICARE
Do not assume updating one will feed to the others!
Service Member Group Life Insurance If you have elected to participate in the Service Member Group Life Insurance (SGLI) • coverage will continue (premium free) for 120 days following separation/ discharge. If you intend to convert to the Veteran Group Life Insurance (VGLI) pay attention to the application time lines! • VGLI does require application and is NOT automatic
Communicate Expectations Burial location
Casket or Urn
Military Funeral Honors Obituary
Church or not
Funeral Home
Finances What to wear
Final wishes
Family notifications
What do I do?
Medical directive Pets
Home or Hospital
Belongings Science Children
Will
Plot
Secrets Safety deposit box
Michele Anderson South Dakota Survivor Outreach Services Support Coordinator MSTI - Contractor
2823 West Main Street Rapid City, SD 57702 (605) 737-6090 (o) (605) 593-6671 (c) michele.m.anderson.ctr@mail.mil
Military Funeral Honors
Robert N. Sack State Coordinator - South Dakota ARNG (605) 593-6662 robert.n.sack.ctr@mail.mil
Cheryl Adamson South Dakota Employment Support Specialist (907) 750-2225 or (605) 737-6011 Cheryl.l.adamson2.ctr@mail.mil
Employment Support Program
• Develop and promote supportive work environments for service members in the Army and Air National Guard
• Provide employment opportunities and career options for them • Work with Employer Support of the Guard and Reserve (ESGR) to increase awareness of applicable laws and resolve employer conflicts
Employment Support Program What do I really do? •
Participate in SRPs, Yellow Ribbons and other relevant venues to help gather employment information and stand by if a Soldier is seeking employment or better employment or resume construction
•
Participate in venues such as this one to assist with resume construction and employment
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Assist in creation of two types of resumes: civilian and federal AND the only similarity between the two is the name/address/phone information at the top of the resume
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Maintain the Job Opportunities platform on the following website: https://sd.admin.ng.mil/layouts/15/settings.aspx
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Create and maintain relationships with businesses to promote hiring YOU
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Partner with ESGR for training and other aspects
•
Other duties as requested
Employment Support Program Cheryl Adamson Program Support Specialist (aka PSS) South Dakota National Guard Employment Support Program
Contractor – Amyx, Inc. 2823 West Main Street Rapid City, SD 57702 Office Phone: 605-737-6011 E-Mail: cheryl.l.adamson2.ctr@mail.mil
CPT Chad Carlson SD ESGR Program Director (605)737-6540 chad.j.carlson.mil@mail.mil
If You would like to be an ESGR Volunteer or Want More Information Contact: CPT Chad Carlson SD ESGR Program Director (605)737-6540 chad.j.carlson.mil@mail.mil
Citizen Soldier For Life Program Contact: Tom Sitzler Career Readiness Counselor (605)737-6656
Family Readiness Support Assistants (FRSA) Wendi Albers SRFRSA Contractor Rapid City JFHQ 605-737-6089
GeorgeAnn Van Delist FRSA Contractor Rapid City Duke Corning Armory 605-737-6310
Provides Family Readiness Trainings for: Commanders Family Readiness Liaisons Volunteers & families
Assists Units and Volunteers in development & continuity of FRG’s.
Ensures Units Purple family Readiness binders are current. April Schave FRSA Contractor Sioux Falls Armory 605-357-2970
Tracks, records and reports units Family Readiness status monthly to NGB
Get to know us before you need us!
We train, track, and assist Units & Family Readiness Groups
Retirement
Retirement & Family Readiness
• Consider joining you local FRG • Keep the military connection • You have a wealth of knowledge to offer the group • Volunteer hours look great when seeking a new career path
Possible Positions Available • Lead Volunteer | Co Lead Volunteer • Treasurer | Alt Treasurer • Newsletter Publisher • Welcome Chair | Family Sponsorship • Communication Tree Coordinator • Volunteer Action Committee – nominate deserving volunteers for state and national recognition • Meeting Greeter | Guide for new members
We’d love to have you join us! • Being 100% invested in your local FRG doesn’t take as much time as you think
Unit Name SDARNG UNIT
QUARTERLY FRG NEWSLETTER Aug 2018 UNIT FRG Members Commander Name Phone email Rear Det Commander Name Phone email Readiness NCO Name Phone email
Lead Volunteer Name Phone email
A Note from our FRG Commander
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A Note from our FRG Lead Volunteer Jghsjpjiopjgdfjgoijblkfmvbklfvbjlcvbnlkvcl knblckv
FAMILY READINESS SUPPORT ASSISTANTS WENDI ALBERS | SR FRSA Wendi.e.albers.ctr@mail.mil Office: 605-737-6089 Work Cell: 605-787-3313 Tracy O’Sullivan | FRSA Phone TBD Email TBD
For more details on what our unit is up to like our facebook page unit@fb.com
Quarterly FRG Meetings Jan 2018 Date: Time: Place:
Congratulations on your Promotion
April 2018 Date: Time: Place:
Soldier Spotlight
July 2018 Date: Time: Place:
Welcome to the Unit Smith Family!
Sept 2018 Date: Time: Place:
Treasurer Name Phone email Alt Treasurer Name Phone email
Expect to see our Unit Newsletter every month when the unit is deployed or 4 times per year when the unit is not deployed
We are seeking a new Lead volunteer for our FRG. Please let us know if you are interested. Call 867-5309 Our FRG Checking account balance is currently $506.93 We spent $452.00 on food and supplies for our last FRG Meeting event
Annual Brief for solders & their families Date: Time: Location:
Resiliency class 1 for soldiers and their families Date: Time: Location:
Resiliency class 2 for soldiers and their families Date: Time: Location:
South Dakota Army NG Gray Area Retirement Services Brief Michael L. Strang Army Retirement Services Office 7 March 2020, Afternoon Class
UNCLASSIFIED
Purpose Break down the retired pay packet process, explain the retired pay formula used and help you understand your Survivor Benefit Plan (SBP)
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Pay Packet Process 6-9 Months Prior to your eligible pay date you can start the process Complete DD Form 108 and DD Form 2656 Compile additional documentation as needed - NGB23, NOE, Discharge Order - NGB22, DD214, Promotion Orders
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Pay Packet Process  Packet will be sent to the Human Resource Command (HRC)  HRC will verify your packet and send to the Defense Finance and Accounting Service (DFAS)
***DFAS goal is to pay all new retirees within 30 days of their retirement date*** (Change of Mission January 2020 Edition)
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Retired Pay Formula • Retired Points / 360 x 2.5 x Base Pay E4 – $2,746 E5 - $3,501 E6 – $4,172 E7 - $4,946
01- $4,136 02-$ 5,241 03-$ 4,131 04-$ 8,324
W1- $5,552 W2- $5,890 W3- $6,713 W4- $7,309
Get your points off your NGB23 RPAM Statement, look at the 2020 Military Pay Table
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Survivor Benefit Plan (SBP) • An Annuity for your spouse or loved one, once you pass away • Sole means for a Retired Soldier to continue a portion of retired pay to survivors
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SBP Continued • Election was made within 90 days of receiving your 20 year letter • Either you made the election using a DD Form 1883/DD Form 2656-5 or it automatically defaulted according to your status at that time
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The Annuity
Amount: • Annuity of 55% of selected base amount regardless of the annuitants age 191
ABOUT ELECTIONS • Married Soldiers electing anything less than the maximum
spouse coverage require spouse’s concurrence and notarization • If SBP beneficiaries change (birth, death, divorce, Marriage) between
election and date of retirement, a new DD Form 2656 with SBP election is required within 1 Year
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Termination Feature • Termination during one-time, one-year window between 25th and 36th mo. after start of pay • Spouse concurrence required • Barred from future enrollment • No refund of past premiums • The law acknowledges need for flexibility
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Spouse Election • Spouse cannot outlive the SBP annuity • Paid forever (unless remarriage occurs pre-55) • If remarriage pre-55 ends, annuity reinstated • Increased by COLA increases • Taxable as an annuity (SBP premiums paid pre-tax) • Cost stops when no spouse beneficiary
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Spouse & Child • Spouse is the primary beneficiary • Children are secondary beneficiary and receive the annuity only if spouse loses SBP eligibility (pre-55 remarriage or death) and children are still eligible
• If divorced or spouse dies and there are eligible children, the SBP cost is recalculated as Child Only
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“Insurable Interest” Election • • • • • • •
• • •
Who Can Elect: unmarried Soldiers with no or one dependent child Eligible Beneficiaries: relative more closely related than cousin; or business associate w/financial interest in Soldier (proof needed) Base Amount: Must be full retired pay Cost: 10% + 5% for each full 5 year younger beneficiary is than Soldier (maximum 40%) Benefit: 55% of retired pay less SBP cost Loss of Beneficiary: May elect new beneficiary within 180 days of current beneficiary’s death. In order for an Insurable Interest election for a medically retired Soldier to be valid, they must live one year from retirement or if they die within one year, death must not be attributable to a medical condition for which they were medically retired Insurable interest SBP elections can be cancelled at any time If married or you have a child after retirement, you have one year to cancel insurable interest SBP and elect spouse and or child SBP or you close those beneficiary SBP categories Insurable interest cannot be elected after retirement 196
Former Spouse (FS) “Particulars” • Former spouse SBP coverage can be: purely voluntary; incorporated into a written agreement; or court-ordered
• Divorce prior to retirement: • If court ordered, Soldier should elect former spouse at retirement or could be held in contempt of court
• Former spouse coverage can be changed if court order is amended or vacated by former spouse’s death • If former spouse is voluntary, can cancel FS SBP and elect for new spouse within one year of marriage • Former spouse and children only covers children of the marriage to the former spouse • When a former spouse SBP beneficiary dies, the Retired Soldier can designate a current spouse
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No Beneficiary at Retirement?
• Decline SBP at that time or Insurable Interest • Enroll new family members within one year of gaining them or you will close that SBP category • New spouse becomes eligible at 1-year anniversary or birth of a child of that marriage. (SBP costs do not begin until then)
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RCSBP/SBP Cost Formula (Spouse Only Full Retired Pay) 20 Yr Ltr
Service Member Pass Away
Age 60 SBP 6.5%
RCSBP 2.5%
Gray Area
Receiving Retired Pay and now paying for both
Retired Pay Check RCSBP 2.5% SBP 6.5% Tax 24% Net Pay
Spouse Receives Annuity
$1000 $25 (Pre Tax) $65 (Pre Tax) $218 (24%) $692
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“30-Year Paid-Up Provision” AFTER... 30 years of paying SBP Premiums (360 payments)…
AND reaching age 70
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Military W2 Tax Statements • myPay – Fastest and most secure • askDFAS – Requested tax statements are mailed within 7-10 days • Call 888-332-7411 – You will be asked for your SSN. Requested tax statements are mailed within 7-10 days www.dfas.mil/retiredmilitary
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For More SBP and Retirement Information please go to: http://soldierforlife.army.mil/retirement
http://myarmybenefits.us.army.mil http://www.dfas.mil
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SDNG Retirees Change is constant. Please consider signing up for the SDNG Retiree Email List in order to help you remain in the loop. We forward an array of information pertaining to retirees from Tricare to DFAS, survivor benefits, activations, retirements and promotions. To remain “in the loop” send an email with your chosen email address to: jerry.l.duba.vol@mail.mil Just say something like “sign me up” in the subject line.
Please include your retired rank so I can target mailings from the Officer and Enlisted Associations. 203 203
Questions? SSG Mike Strang Michael.l.strang.mil@mail.mil 605-737-6952
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Christian Johnson (605) 737-6669 christian.m.johnson.ctr@mail.mil
DIRECTION I BENEFITS I COMPASSION
Transition Support: Getting you out of the run around!
Your Transition Assistance Advisor (TAA) will: ď ľ Help you cut through the red tape. ď ľ Provide information and assistance to Service members and
their families to help them understand and access state and federal benefits as well as services through the Department of Veterans Affairs (VA), Veterans Health Administration (VHA), Veterans Business Administration (VBA) Military Health System and the Department of Labor.
Your Transition Assistance Advisor (TAA) will: Strive to be your personal problem solver. We research and
resolve issues associated with entitlements whenever you or your family members encounter problems. Get the right folks involved when you need their help. We
advise the Joint Forces Headquarters and coordinate with Family Support Specialists, Employer Support Group to give you the access to entitlements available through Department of Veterans Affairs, Department of Labor and other veterans’ entitlement and benefit programs.
Your Transition Assistance Advisor (TAA) will: Care about you and your family’s well-being, which is why
we make it our business to build strong partnerships and coalitions with: Department of Defense TRICARE Veterans Affairs and State Directors of Veterans Affairs Veterans Services Organizations State Headquarters groups (Family Support, Chaplains
Offices, Department of Labor, and Employer Support for the Guard and Reserve (ESGR)
Your Transition Assistance Advisor (TAA) will: Help you understand Veteran Health Benefits including: Eligibility & Enrollment Medical Services & Medication
VA Medical Programs Counseling Services Vocational Services
Your Transition Assistance Advisor (TAA) will: Help you understand General Health Benefits including: State Specific Benefits Assistance with locating your medical records, DD 214s
Compensation & Pension Education/GI Bill
Home Loans Vocational Rehabilitations Life Insurance Funeral Services
Transition Questions to Consider What are your goals after leaving the military? Where do you plan to live? Do you need to continue your education or training?
Will the job market, where you plan to relocate, provide you
the employment you’re seeking? Do you have the right skills to compete for the job (s) you’re
seeking?
Transition Questions to Consider Will your spouse and family goals be met at your new
location? Are you financially prepared to transition at this time? What do you plan to do for Health Care? How will you address the need for life insurance? Which benefits are you planning to use?
Resources Website:
https://www.jointservicessupport.org/WS/TransitionSupport. aspx & http://vetaffairs.sd.gov/default.aspx Handout
Christian Johnson,
Transition Assistance Advisor (TAA) - South Dakota Skyline Ultd Inc. Contractor Phone: 605.737.6669 christian.m.johnson.ctr@mail.mil www.facebook.com/sdfamilyassistance
DIRECTION I BENEFITS I COMPASSION
Crossroads Retirement Seminar Camp Rapid, Bldg 802 Current Service Members 0800-1600 Retirees 1230-1600
Retired Pay, Tricare, Volunteering, Employment
Veterans Affairs, Federal Benefits, State Benefits
Thank You! Please Turn in Contact Info & AAR Comments
Still Have Questions? Please Contact the SD Transition Assistance Advisor:
Christian Johnson 605-737-6669 Christian.m.Johnson.ctr@mail.mil