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DFAS News end of the year 2011
Retirees will be receiving some extra documents in their end of year mailing from the Defense Finance and Accounting Service. DFAS officials emphasize that every piece of paper in the mailing is important and can help retirees manage their pay matters through the tax season and beyond.
Included in the mailing will be:
-- A Retiree Account Statement dated December 2 show the new payment amount as of December 30. This includes the cost-of-living allowance adjustment for 2012.
-- A Retiree Account Statement dated December 12 show the new payment amount as of February 1. This includes any federal income tax adjustments caused by changes to the 2012 tax tables.
-- Internal Revenue Service Form 1099-R reflecting all payments retirees received in 2011. DFAS officials remind retirees that because of the pay date change approved by Congress earlier this year, the 1099-R will reflect 13 payments rather than 12.
-- The DFAS retiree newsletter including important updates from retired and annuitant pay officials, as well as information about tools people can use to manage their retired pay account year round.
For people with online myPay accounts, the statements will be posted Dec. 4, and the 1099-Rs will be posted December 15. For people who get these documents via the U.S. Postal Service, DFAS official will mail these documents to retirees December 19 through January 10.
The Annuitant Account Statements and 1099-Rs will be available December 14 on myPay. Annuitants who get these documents via mail can expect to receive them December 19 through 31.
If a retiree or annuitant does not have their correct address on file with DFAS by December 5, they will experience a significant delay in receiving their end of year documents, said official. People who do not have an active myPay account must call, mail or fax a written request to DFAS-Cleveland; processing a change of address and reissuing a new 1099-R takes at least 30 days, said officials.
For more information about account maintenance, 1099-R requests, and logging in to myPay visit the DFAS website. People without an online account can contact DFAS at 800-321-1080.