Music hello everyone DJ here this week let's talk about a skill everyone in the Army Reserve should have in addition to being able to read your leave an earnings statement or la s4 short everyone should be able to understand their retirement point statement this will not be an in-depth episode just the basics so don't panic but ydj you may ask I'm just going to serve a few years in the Army Reserve and then I'm getting out well this statement tells you a lot more than just what you'll earn as a monthly pension if you stay for 20 years it also tells you if you are eligible for other types of benefits there will be a separate episode about these types of benefits later for now let's focus on the retirement and pension side of things let me say from the outset that this episode will be much easier to understand if you have your own point statement in front of you if you do not have one be sure to ask your full-time staff at your unit for a copy they should be able to pull that statement for you it is also possible that you can find a copy in your electronic personnel record or pull a copy from the human resources command website I will post instructions on how to do this from the HRC site in the resources section of this episode the point statement before the Army Reserve is called a DEA form 50:16 it displays your retirement points from top to bottom from the previously completed retirement year down to the earliest if you're familiar with the old show dragnet it is just the facts ma'am that's what we're after in this game after all the facts I will also...
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Dd 2656-8 Form: What You Should Know
The DEUTSCHE ASSURANCE AGREEMENT FOR FIVE-YEAR RETIREMENT PLAN AMENDMENT The following are the provisions of our amended and restated DEUTSCHE ASSURANCE AGREEMENT for the five-year retirement plan for which our amended and restated SPA is effective October 1, 2016: • The Plan is exempt from SSA's annual and lifetime limitation provisions; • The Plan can be funded at a fixed dollar amount for a specified period; • A member's required contribution for a one-year period is at the least of the participation rate or required contributions for that year (the “Suspension Year”); • A member's annual mandatory contribution is subject to a cap on elective deferrals; and, • The Plan automatically disburses the Plan in accordance with the Act; and • No participant can defer a mandatory tax increase amount that could increase the participant's future adjusted gross income (but only to the extent that such a tax increase does not exceed the reduced SSA contribution rate), which cannot be changed in the Act. DD Form 2656-8 — the SVP Automatic Coverage Fact Sheet — is used to determine army members' marital and dependency status in order to establish and maintain Form DD 2656-8 DD Form 2656-8 Survivor Benefit Plan Automatic The above information is derived from the SSA's annual benefit and contribution rate, which is 6.2% and 2.82% for 2016. The benefit is computed by multiplying the participant's basic required benefit for the year times the participant's required contribution rate (6.2% x 7,125, or 2.82% x 14,600). The plan administrator must also receive the participant's consent for the following benefits: • Life insurance — the total amount paid or credited (with respect to a particular insured life) for each insured life for the benefit period will not exceed the greatest of: 8% of the insured life's current or accumulated benefit, or 1.00% (if less than 8%) of the insured life's maximum benefit, multiplied by the number of years of coverage from the insured life.
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