What is a diems date?
DIEMS: Date Initially Entered Military Service. This date is used only to indicate which retirement plan a service member falls under. This date isn’t listed by DFAS, but rather, it comes from the personnel office.
How far out can I submit my army retirement packet?
Qualified Reserve Component (USAR and ARNG) Soldiers with 20 or more years of creditable service, should submit their retired pay applications to U. S. Army Human Resources Command no earlier than 9 months but not less than 90 days prior to their age of eligibility, usually age 60, unless entitled to a reduced age …
Where is Pay Entry Base date on Les?
field 4
Pay Entry Base Date (PEBD) is the date that denotes how much of your service is creditable towards longevity for pay purposes. It can be found in field 4 of your last active duty Leave and Earnings Statement (LES).
Who is eligible for the blended retirement system?
You are eligible if you are a Service member in drilling or active Service, who is in a paid status on 31DEC17 and you have less than 4,320 retirement points. If you are eligible to opt-in to the Blended Retirement System, you must take the mandatory Blended Retirement opt-in training.
Does diems date count towards retirement?
The date you entered into DEP does count as creditable service. This is the DIEMS date or the DIEUS Air Force date when your retirement calculation begins for determining whether you will use the High-3 or Legacy Retirement System. Any breaks in service will affect your retirement date and High-3 calculation.
How long does it take to process military retirement?
Your First Retirement Payment Normal processing time for establishing a Retirement Pay Account is 30 days after the receipt of ALL necessary documentation. If DFAS receives a complete DD 2656 and all necessary documentation by your date of retirement, you will be paid 30 days after that date.
How is pay base entry date calculated?
For example, 364 days is exactly 12 months and 4 days. Subtract the time from Step 4 from today to get your effective PEBD. For example, Jan. 2, 2010 minus two years, four months, and one day yields a PEBD of Sept.
Does DEP count towards time in service?
The time in the Delayed Entry Program does not count towards Military service until you sign and begin your active duty contract. To leave the DEP you must follow the Department of Defense Instruction 1332.14 which states that you have the right to leave if you do not meet enlistment standards.
How do you tell if you are in the blended retirement system?
Determining whether a member is grandfathered under legacy High-3 or automatically enrolled in BRS is based on DIEMS. If DIEMS is on or before December 31, 2017, he or she is grandfathered. If DIEMS is on or after January 1, 2018, he or she is automatically enrolled in BRS.
Is the blended retirement system worth it?
It’s still a pretty good pension. It’s less than what you would’ve done had you known the future early, but it’s still not bad. So, I think the general approach should be to maximize the downside and opt into the (BRS) system if you’re unsure. Even if circumstances change, you’re still in pretty good shape.