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Pay & Personnel News Updates from our Branches

Results:
Tag: Retirement.

July 23, 2021

Does your Uniformed Services Identification (USID) card expire soon?

The DoD is providing extending the expiration date for some Uniformed Services Identification (USID) cards.

May 22, 2019

Retired Pay "High-3" Calculator Launched

The Department of Defense has introduced a new "legacy" High-3 Retirement Calculator to help members (Active Duty and Reserve) under the high-3 retirement system to estimate their retired pay. 

Nov. 30, 2018

Thrift Savings Plan (TSP) Making Changes to the Lifecycle (L) Funds

TSP is planning adjustments to the L Funds in an effort to improve investment outcomes. Effective in January 2019, they will increase exposure to international stocks (the I Fund) from 30% to 35% of the overall stock allocation in all L Funds. The L Income Fund stock allocation (C, S, and I Funds combined) will increase from 20% to 30% over a period of up to 10 years. The L 2030, L 2040, and L 2050 overall stock allocations will hold steady for a period of years before resuming their transitions from stocks to bonds. In addition to improving investment outcomes, this pause will align the L 2030, L 2040, and L 2050 Funds with the L 2060 Fund, which will be introduced in 2020 with an initial stock allocation of 99%.