Retired from Military

DoD Warns About Potential Retirement Scam

retirement sign

The Department of Defense has issued a warning about a potential retirement scam involving a company called Government Employee Services. Federal workers should be wary of calls, mailings or emails from the firm that seek to provide "help" with federal benefits, according to officials from the DoD's Civilian Personnel Advisory Service. "The sc... more

Retired Pay Centers

On the phone. Photo by Sgt. 1st Class Raymond J. Piper/Army

The Defense Finance and Accounting Service (DFAS) operates the Defense Retiree and Annuitant Pay System (DRAS). The DRAS replaced the former systems performing military and annuitant pay processing through the Department of Defense. The system is a standard combined system. It uses advanced data processing techniques and telecommunications capab... more

Military Retirement Paychecks

dollar bill close up

All military retirees are required to have their retirement paychecks sent by Electronic Funds Transfer (EFT) to a financial institution. Retirement Paychecks are always electronically deposited on the first business day of the month. In addition, International Direct Deposit (IDD) is available to U.S. military retirees and annuitants living in... more

TRICARE Continuation of Benefits

retired couple beach 380x253

The Continued Health Care Benefit Program (CHCBP) is a premium-based plan that offers temporary transitional health coverage for 18-36 months after TRICARE eligibility ends. If you qualify, you can purchase the CHCBP within 60 days of the loss of TRICARE eligibility. The CHCBP acts as a bridge between military health benefits and your new... more

Officers Caught in Army Downsizing to Get Full Retirements

About 160 Army officers facing involuntary retirements got some good news before Christmas: They won't be demoted in addition to being forced out of the military. The change in policy spares career soldiers who had risked losing hundreds of dollars a month in their pensions because of a retirement standard that would have wiped out the perquisi... more

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