Department of the Army Preparing for Retirement Seminar

Department of the Army Preparing for Retirement Seminar

Soldier for Life Retirement Services Office 7 May 2019

Purpose

To provide an overview of the planning needed to prepare for retirement.

NOTE: This briefing is not designed to replace the Army Retirement Planning Briefing provided

by Retirement Services Officers!

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Population Served ? and Still Growing

Year

1920 1950 1960 1970 1980 1990 2000 2010 2017

Active Soldiers

204,000

593,000

873,000

1,323,000

777,000

1993

732,000

482,000

562,000

476,243

Retired Soldiers

6,000 62,000 122,000 282,000 425,000 489,000 526,000 847,000 972,065

In FY17, the Army paid $20.4 Billion in retired and annuity pay to

Retired Soldiers and surviving spouses

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Army Retirement Services

Active Army

Current

Population 466,051

Served

ARNG USAR 335,204 190,405

Retired Soldiers

988,721

Surviving Spouses

249,268

Total 2.23M

Pre-Retirement Policy

? 116 Retirement Services Officers

? Pre-Retirement Counseling ? SBP/RCSBP Counseling ? Change of Mission Newsletter ? MyArmyBenefits website ? Soldier for Life website

Retirement is a process, not an event!

Post-Retirement Policy

? Lifetime benefits advice & support ? Survivor Benefit Plan (SBP) assistance ? Army Echoes Newsletter & Blog ? CSA Retired Soldier & Installation Retiree

Councils ? Retiree Appreciation Days

Your mission has changed, but your duty has not!

AR 600-8-7 ? "Retirement Services Program"



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The Army Retirement Services Website



Survivor Benefit Plan Former Spouse Information

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