An Introduction to USPHS Retirement PPAC Retirement Subcommittee

An Introduction to USPHS Retirement PPAC Retirement Subcommittee: CDR Glen Mac. Pherson, USCG & CDR Kara Tardivel, CDC PPAC Meeting 4/27/16

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Vision & Mission PPAC ppt slides Monthly meetings MOAA Webinar Action Items Contact/Interview Separations Team Do. D-PHS Retirement Seminar Fall 2015 Winter 2015 -16 Spring 2016 CDC Pre-Retirement Seminar

20 year • Voluntary • Involuntary 30 year • Mandatory Other • >30 years • Disability

Final Pay (a. k. a. “Good Old Days”) - entry before 9/7/80 1 2 3 High 36 (a. k. a. “High 3”) - entry on or after 9/8/80 Career Status Bonus (a. k. a. “Redux”) - additional option (“High 3 Choice”) if entry after 8/1/86

High 3 Final Pay • Retired Pay = (Yrs Service x 2. 5%) x final base pay • Percentage multipliers > 100% • Full Cost Of Living Adjustments (COLA) • Retired Pay = (Yrs Service x 2. 5%) x Avg Highest 36 mths base pay • Percentage multipliers > 100% • Full COLAs Redux • Retired Pay = (Yrs Service x 2. 5%) Minus 1% for each yr < 30 years x Avg Highest 36 mths base pay • Percentage multipliers 2% per year thru 20 years; 3. 5% from 20 -30 years; 2. 5% thereafter • $30 K Career Status Bonus @ 15 yrs • Percentage multipliers > 100% • COLA minus 1%; onetime catch-up COLA at 62 Years of service 20 21 22 23 24 25 26 27 28 29 30 thru 40 Final/High-3 Multiplier% 50 52. 5 55 57. 5 60 62. 5 65 67. 5 70 72. 5 75 up to 100 REDUX Multiplier% 40 43. 5 47 50. 5 54 57. 5 61 64. 5 68 71. 5 75 up to 100

Created by National Defense Authorization Act (NDAA) for FY 2016 • Congressionally mandated Military Comp & Retirement Modernization Commission Combines blend of defined 20 yr benefit plus TSP contribution • Both Roth & Traditional TSPs

USP HS

® = Roth TSP and (T) = Traditional TSP

Will PHS e v i v r u s ” t i d e r c e tiv c u r t s n o c “ n a i c i s phy PHS decision for midcareer continuation pay? ? Others? ? ?

http: //www. coausphs. org/news/blended-retirement-webinar/ http: //www. moaa. org/Content/Benefits-and-Discounts/Transition-and. Careers/Transition-Center-Webinars. aspx http: //issuu. com/uscgaalumni/docs/bulletin_feb_16_issuu/1? e=3910201/33413366

http: //dcp. psc. gov/CCMIS/COTA/Retirement. aspx https: //dcp. psc. gov/osg/physician/documents/FINAL_Retirement-at-20 -Pension_Sept 2015. pdf https: //dcp. psc. gov/osg/physician/documents/FINAL_Retirement-at-20 -healthcare-anddisability_Sept 2015. pdf

http: //www. andrewsfss. com/mfsc/tap. html http: //www. cnic. navy. mil/regions/ndw/installations/nsa_bethesda/ffr/support_services/military_support/t ransition_assistance. html http: //www. jbmhh. army. mil/web/jbmhh/Services/Retiree. Services. html http: //www. cnic. navy. mil/regions/ndw/installations/jbab/ffr/support_services/military_support/transition _assistance. html http: //www. ftmeade. army. mil/pages/rso. html http: //www. detrick. army. mil/retiree/ https: //www. belvoir. army. mil/dhr/ppb. asp http: //www. apg. army. mil/apghome/sites/humanresources/retirement/index. html

http: //www. armyg 1. army. mil/rso/echoes. asp http: //www. retirees. af. mil/afterburner/ http: //www. public. navy. mil/bupers-npc/reference/Publications/Shift. Colors/Pages/default. aspx http: //www. uscg. mil/ppc/ras/ https: //www. manpower. usmc. mil/portal/page/portal/M_RA_HOME/MM/SR/RET_ACT/Semper _Fidelis http: //www. dfas. mil/retiredmilitary. html

Retirement Handbook http: //militaryhandbooks. com/

Separations Counselors - CDR Mark Mc. Kinnon - LCDR Monique Bailey >30 yr Retention Board - LCDR Monique Bailey Retired Pay - USCG Pay & Personnel Ctr Travel & Transportation - LT Andrew Okolo Statements of Service - Separations Team

Social Security TSP/401 K Income Pension Investments