1. United States Public Health Service Commission Corps Preparing for Retirement

2. Purpose To provide an overview of the planning needed to prepare for retirement This briefing is not designed to replace the USPHS Commissioned Corps Retirement Seminar that is located on the Commissioned Corps Learning Management System

3. Separations Counselor –CDR Mark McKinnon –LCDR Monique Bailey Statements of Service/DD214 –Separations Team Over 30-year Retention Board –LCDR Monique Bailey Travel and Transportation –LT Andrew Okolo Retired Pay –USCG Pay and Personnel Center USPHS Commissioned Corps Retirement Points of Contact

4. Retirement is NOT just an event, it is a Process

5. Basic Retirement Information

6. Throughout Your Retirement Planning Gather and study information required to make critic retirement decisions Discuss the information with your Family

7. 20 year voluntary 20 year involuntary 30 year mandatory Retention beyond 30 years Disability Types of Retirements

8. Officer must request permission to retire A USPHS Commissioned Corps career is designed for 30 years or active duty service Retention board convened for individuals that the Agency or the Commissioned Corps desire to remain on active duty 20 Year Voluntary

9. Involuntary retirement may be authorized for USPHS Officers under the following conditions: –Has serve at least 20 years on active duty in all uniformed services combined –Has serve at least 10 years of active duty commissioned service in the USPHS 20 Year Involuntary

10. Some examples for involuntary retirement –Poor performance –Personal misconduct –Omitted or misrepresented facts –Failed to maintain licensure or certification –Reduction in Corps strength –Reduction of funding or staffing levels –No suitable assignment –Remaining in a billet below current pay grade –Not maintaining basic readiness 20 Year Involuntary

11. Required to retire at 30 years A certain percentage of an Agency’s Commissioned Corps Officers may be retained beyond 30 years Must be presented in front of a board SG concurrence required Call for nominations typically in July 30 Year Mandatory Retention Beyond 30 Years

12. Disability must have –Occurred on Active Duty –Not a result of misconduct Medical Review Board –Responsible for making a formal recommendation to the ASH regarding an officer’s fitness for duty and disability rating Temporary Disability Retired List (TDRL) –Maximum of 5 years –Must undergo periodic medical evaluation –Can be recalled to active duty Permanent Disability Retired List (PDRL) –Permanently retired from active duty Medical Disability Retirement

13. An eligible officer may request approval for retirement prior to age 64 An officer may retire on the first day of any month following the month in which the officer attains the age of 64 If less then 12 years, multiplier based on the number of Active Duty Years 12 years of Active Duty or more the retired pay multiplier shall not be less than 50% Age 64 Retirement

14. RETIREMENT PLANNING STEP 1 Contact a Separations Counselor and review the Commissioned Corps Retirement Seminar

15. Retirement Resources –FAQs –Retirement Checklist Retirement –Process –Retirement Types –Annual Leave Balance Options –Post Retirement Employment Restrictions Retirement Pay –Taxes and COLA –Social Security –Concurrent Compensation Pay Survivor Benefits Plan Retirement Medical Insurance – TRICARE Medical – TRICARE Dental Retirement Travel and Transportation VA Benefits – Health Care Benefits – SGLI/VGLI – VA Educational Benefits Death Benefits Retirement Seminar Topics

16. RETIREMENT PLANNING STEP 2 Submit for Retirement

17. How –Submit PHS-1373 and supporting Memos (Memos will be obsolete with issuance of the revised PHS-1373) When –Minimum of 90 days prior to requested date of retirement (soon to be 120 days) To Whom –Separations Counselors Applying for Retirement

18. Retirement Date –1 st day of the month for Voluntary or Involuntary Retirements –Any day of the month for Medical Retirements Active Duty Service Obligations –Minimum of 10 years active duty USPHS time –Medical Special Pays –Dental Special Pays –Nurse Special Pays –Training Obligations –Post 9/11 Education Benefits Transferability Other Retirement Considerations

19. RETIREMENT PLANNING STEP 3 Determine Post-Retirement Finances

20. Calculate Estimated Retired Pay

21. Step 1: –Determine your DIEMS date (Date of Initial Entry into Military Service) Step 2: –Determine which retirement system you are eligible for based on your DIEMS date Step 3: –Use appropriate formula to calculate your retired pay Calculate Retired Pay in 3 Steps

22. Active Duty years as a USPHS Commissioned Officer Active Duty years as a Commissioned Officer or Enlisted Member in any uniformed service Civil Service with any PHS agency –Comparable to service performed by a commissioned officer –Maximum of 5 years credit Creditable towards retirement credit date Not towards pay Nurses may be an exception Medical or Dental Training and Education Credit –Maximum of 5 years Added to creditable active duty service time at time of retirement Information to Consider

23. Other Retirement Considerations

24. Current Retirement Systems

25. Retirement systems FINAL Pay DIEMS 07 SEPT 1980 or earlier HIGH 3 or HIGH 36 DIEMS 08 SEPT 1980 – 31 JUL 1986 CAREER STATUS BONUS (CSB)/REDUX DIEMS 01 AUG 1986 to present Also know as the “Choice System” Blended Retirement System DIEMS 01 JAN 2018 ** Current and Future Retirement Systems

26. RETIRED PAY = (Years of creditable service X 2.5%) X Final Basic Pay Percentage multipliers can exceed 100% Full COLAs http://militarypay.defense.gov/Calculators/ActiveDutyRetire ment/FinalPayCalculator.aspx Final Basic Pay Retirement System DIEMS Pre 08 Sep 1980 Years of service 20 21 22 23 24 25 26 27 28 29 30 thru 40 Final Pay Multiplier % 50 52.5 55 57.5 60 62.6 65 67.5 70 72.5 75 up to 100

27. RETIRED PAY = (Years of creditable service X 2.5%) X average of the highest 36 months base pay Typically an average of the last 36 months Percentage multipliers cannot exceed 100% Full COLAs http://militarypay.defense.gov/Calculators/ActiveDutyRetirement/ High36Calculator.aspx High-36 Retirement System DIEMS between 08 Sep 1980 and 31 Jul 1986 Years of service 20 21 22 23 24 25 26 27 28 29 30 thru 40 High-3 Multiplier % 50 52.5 55 57.5 60 62.6 65 67.5 70 72.5 75 up to 100

28. RETIRED PAY = (Years of creditable service X 2.5%) minus 1% for each your < 30 years X average of the highest 36 months base pay 2% per year thru 20 years; 3.5% from 20-30 years; 2.5% thereafter $30K Career Status Bonus (CSB) – 15 th year Percentage multiples cannot exceed 100% COLA minus 1%; one-time catch-up COLA at 62; COLA Minus 1% after if you chose CSB payment http://militarypay.defense.gov/Calculators/ActiveDutyRetirement/ High36Calculator.aspx High-36 or REDUX Retirement System DIEMS post 01 Aug 1986 –”Choice” Years of service 20 21 22 23 24 25 26 27 28 29 30 thru 40 REDUX Multiplier % 40 43.5 47 50.5 54 57.5 61 64.5 68 71.5 75 up to 100 High-3/Final Multiplier % 50 52.5 55 57.5 60 62.5 65 67.5 70 72.5 75 up to 100

29. Blended Retirement System The National Defense Authorization Act (NDAA) for FY2016 created the Blended Retirement System Combines a blend of a 20 year defined benefit and a defined contribution to the TSP Program After 20 years of service member will receive a defined benefit multiplier of 2.0% Member may choose to receive a lump-sum payment of 25% or 50% of the total retirement benefit and a reduced monthly pay out Continuation Pay at 12 years of service as a retention tool maybe authorized. Four year service obligation. Blended Retirement System DIEMS post 01 Jan 2018**

30. Discuss with military retirement savvy financial planner concerning options Survivor Benefit Plan

31. Discuss with military retirement savvy financial planner concerning options TSP

32. RETIREMENT PLANNING STEP 4 Schedule your Retirement Physical

33. Not required No more than 6 months or no less than 1 month before retirement date Your last record of active duty health Assists with claims for VA service- connected conditions Retirement Physical

34. QUESTIONS