Some Retirees to Receive Retro Payment

Week of March 31, 2008

Servicemembers with retirement dates on or after Jan. 1, 2008, may receive a retroactive payment based on the 2008 National Defense Authorization Act (NDAA). The NDAA also authorized a 3.5 percent increase for active-duty servicemembers retroactive to Jan. 1, 2008. A Retiree Account Statement detailing the 0.5 percent increase will be mailed to the effected retiree's address of record and will also be available for viewing online at www.mypay.gov. No action is required by the retiree to receive the retroactive payment. Retroactive payments should be received by eligible retirees within 30 days. All payments on or after March 1, 2008 have been updated to reflect the 3.5 percent increase.

All military pay information can be found in Military.com's Pay Section.