Please see our webpage on the Retired & Annuitant Pay website for current typical processing time frames: How Long Does It Take? Processing Time Frames - How Long Does It Take? The local phone number to reach Retired & Annuitant Pay Customer Service changed. Retired & Annuitant Pay Customer Service Local Phone Number Changed 3, 2023 payment.įor details, see the Fiscal Year 2023 COLA Memorandum: 30, 2022 payment and annuitants in their Jan. Retirees will see the change in their Dec. Please consult a tax professional or the IRS.īased on the increase in the Consumer Price Index, there will be an 8.7 percent Cost of Living Adjustment (COLA) for most retired pay and Survivor Benefit Plan annuities effective Dec. Please see our webpage regarding taxation of retired pay. Please note: the IRS requires any individual claiming exemption from federal withholding to provide a new Form W-4 at the beginning of each tax year certifying their exemption from withholding. Ultimately, the IRS will determine the amount of taxes owed on the military retired pay. Whether a portion or all of an individual’s military retired pay is subject to federal income taxes depends on his/her individual circumstances.Ī military retiree can either use myPay or send an IRS Form W-4 to alter the amount DFAS withholds for federal income taxes from their military retired pay.Īn individual’s choice to have no withholding for federal taxes does not impact whether the individual’s military retired pay is actually subject to federal income taxes. There are differences in the types of pay a military retiree might receive and the tax laws that apply to them. Military retired pay is paid for many different reasons under many different laws. The online 1099-R reissue tool also accepts international addresses. Retirees and annuitants can request a 1099-R reissue online. In many cases, the electronic online forms were available through myPay ( ) much earlier and more securely than those sent to customers electing delivery by mail.ġ099-R Reissues can be sent beginning February 10, 2023. Postal Service were in the mail prior to January 31, 2023. 15, 2022Ģ022 tax statements for former spouses were available in myPay as of Dec. 15, 2022Ģ022 tax statements for annuitants were available in myPay as of Dec. Retirees and Annuitants: 2022 Tax Year Statements 2022 tax statements for retirees were available in myPay as of Dec. Spouses and Former Spouses Applying for the Survivor Benefit Plan Please see our “Start an Annuity” webpage for important information about the DD Form 2656-7 to start an SBP annuity. See our Quick Reference Guide on the SBP Optional Child Annuity special focus webpage The 2023 Change to the Active Duty/Line of Duty Optional Annuity for Dependent Children is Here - First Payday was February 1, 2023 See our full range of FAQs on the SBP-DIC News webpage. SBP-DIC Offset Phased Elimination - First Payment for Phase Three was February 1, 2023 Please check our special focus webpage for news and information: It also allows for eligible member and former members who are currently enrolled in either SBP or RCSBP to permanently discontinue their SBP coverage.ĭFAS is working to prepare the forms, policies and processes required to facilitate this SBP Open Season. The SBP Open Season allows for retirees receiving retired pay, eligible members, or former members awaiting retired pay who are currently NOT enrolled in SBP or RCSBP (Reserve Component Survivor Benefit Plan) to enroll. The SBP Open Season began December 23, 2022 and ends on January 1, 2024. The National Defense Authorization Act (NDAA) for Fiscal Year 2023 includes a Survivor Benefit Plan (SBP) Open Season. NDAA 2023 SBP Open Season – Enrollment Form Now Available - See Our Special Focus Webpage: Annuitant payments will be made as scheduled on August 1, 2023. Retiree payments will be made as scheduled on August 1, 2023. Retiree and Annuitant Pay Dates - See the pay schedule here MyPay - The quickest and most convenient way to manage your retired or annuity pay is with myPay: ĪskDFAS - Helpful questions and answers about your retired or annuitant pay Retirees and annuitants are encouraged to contact your branch of service retiree service organization for in-person assistance. Please note: DFAS does not have in-person service centers at any of our locations. There are several ways to contact DFAS Retired and Annuitant Pay: online, via mail or fax, or by calling our Customer Care Center.
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