Department of the Army Retirement Planning Seminar

[Pages:47]Department of the Army Retirement Planning Seminar

Soldier for Life Retirement Services Office 4 February 2020

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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Army Retirement Services

Retirement is a process, not an event!

Retirement Planning Policy

Your mission has changed, but your duty has not!

Post-Retirement Policy

Active Army

115,195

ARNG 38,414

USAR 34,838

FY19: 28,850 Soldiers retired

Retired Soldiers

994,665

The Blog

Surviving Spouses 249,454

FY18: $20.9B in retired and annuitant pay 3

The Army Retirement Services Website



Survivor Benefit Plan Former Spouse Information

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Change of Mission

? U.S. Army's official retirement planning newsletter for Soldiers in all three components with 17+ years of service

? Published via myPay SmartDoc in Jan, Apr, Jul and Oct

? Sent to 188K Soldiers quarterly. If you didn't receive it, check your email address in myPay

? Available at

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Throughout Your Retirement Planning

? Gather and study information needed to make critical retirement decisions ? Discuss the information with your Family

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Some Planning Thoughts

Two Years Prior to Retirement

? Make fundamental life decisions and consider retirement locations ? Confirm when your active duty service obligation ends ? Review the Pre-separation Counseling Checklist with your SFL-TAP Counselor ? Identify Army and other service providers who will assist you

12-24 Months Prior to Retirement

? Attend installation RSO Retirement Planning and SBP briefings ? Attend a SFL Transition Assistance Program (SFL-TAP) Employment Workshop ? Evaluate family requirements (education, care, employment, etc.) ? Develop your Individual Transition Plan with action dates ? Investigate health and life insurance alternatives ? Consider whether you will take transition leave or cash in unused leave

12 Months Prior to Retirement

? Receive post-government service employment restriction counseling ? Begin researching the job market and developing a resume

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The Planning Timeline

From the 2020 U.S. Army Retirement Planning Guide

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