|
||||||||||||||||||
NEWS UPDATE
MILITARY RETIREE PAY DATES TO CHANGE****** CLEVELAND (AFRNS) -- Paydays for military retirees and those who receive portions of retired pay are changing for September and December, as the Defense Finance and Accounting Service changes its pay schedule to comply with the 2011 National Defense Authorization Act. The 2011 NDAA requires military retiree pay to be processed on the first day of the month. When that day falls on a weekend or national holiday, the pay date is moved to the previous business day. This year payments normally scheduled for Oct. 3 will be issued on Sept. 30, and payments normally scheduled for Jan. 3, 2012, will be issued on Dec. 30. For calendar 2011, this means military retirees will receive 13 rather than the normal 12 payments. The 13th payday on Dec. 30 falls within the 2011 tax year which could affect the tax liability of some retirees and those who receive portions of their retired pay. Customers should speak with a tax adviser, the Internal Revenue Service or their state tax authority to determine if their tax withholding will satisfy federal and state income taxes when they file returns next year. DFAS officials cannot provide tax advice. For tax year 2012 and beyond, retirees will receive their normal 12 payments. This change affects regular retired pay, Concurrent Retirement and Disability Pay and Combat Related Special Compensation. The new rule also applies to retiree allotments, garnishments and court-ordered former spouse and child support payments. It does not affect annuity payments. If retirees need to make changes to their federal or state tax withholding, the quickest and most secure way to do so is through myPay. Available 24/7, myPay enables eligible users worldwide to make routine changes to their pay information, including tax withholding, that become effective within days. Customers who cannot access myPay can change federal withholding amounts by completing a new IRS Form W-4 or W-4P, or change state withholding amounts using a DD 2866. These forms can be found on the DFAS website (www.dfas.mil/retiredmilitary/forms.html) and should be mailed or faxed to the below address once completed: Defense Finance and Accounting Service U.S. Military Retired Pay P.O. Box 7130 London, KY 40742-7130 Fax: 800-469-6559 It may take up to 30 days for changes to be made when mailing in a paper form. (Courtesy of DFAS) Update on State Tuition Reimbursement (STR) Program MNGEA has been working hard regarding last year's $7500 cap on the state reimbursement program. Through our work with the state Military Affairs Office & other state legislative bodies, we are pleased to announce that effective 1 July, the STR will reimburse up to 100% of tuition charges, up to the University of Minnesota semester hour rate, w/ max yearly benefit of $10K per fiscal year (1 Jul - 31 Jun). This was reported in the Minnesota National Guard Circular 621-5-1 (dated 01 Jul 2011). This is a huge accomplishment for our state Guardsmen and a topic MNGEA spearheaded. Thanks to all for everyone’s support. Grassroots Lobbying Grassroots lobbying is perhaps the most effective way to let your Representative and Senators know your opinion. Whether you are calling into a local or Washington, D.C. office, sending a letter or e-mail, signing a petition, or making a personal visit. Members of Congress are the most receptive and open to suggestions from their constituents. The key to increasing co-sponsorship on veteran related bills and subsequent passage into law is letting legislators know of veteran‘s feelings on issues. You can reach their Washington office via the Capital Operator direct at (866) 272-6622, (800) 828-0498, or (866) 340-9281 to express your views. Otherwise, you can locate your legislator‘s phone number, mailing address, or email/website on, http://thomas.loc.gov/. Refer to http://www.thecapitol.net/FAQ/cong_schedule.html for dates that you can access your legislators on their home turf. HF 0082 (Military Retirement) Respond as you See Fit Find out how your Representive is and give them a call a home/office and ask them to Co - author this bill. A bill for an act relating to taxation; individual income; providing a phased-in subtraction for military retirement pay; amending Minnesota Statutes 2010, sections 290.01, 1.4 subdivision 19b; 290.091, subdivision 2. BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA: WARNING TO VETERANS - 19JAN11 |
||||||||||||||||||
Home - About Us - Auxiliary - Legislative - Membership - MNGEA History - Corporate Sponsors - MNGEA By-laws |
||||||||||||||||||
- Eangus - Eangus Auxiliary - Minnesota National Guard - |
||||||||||||||||||
| Made in the U.S.A. | By Medley Creations.com |