myairforcebenefits - 142nd fighter wing
TRANSCRIPT
Air Force Personnel Center
MyAirForceBenefits
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MyAirForceBenefitsExecutive Summary
MyAirForceBenefits is the Air Force’s response to the 2006 and 2010 NDAAs, which prescribe a readily accessible, web-based, public-facing benefit information site for Airmen, (Active, Guard, and Reserve) Family members, retired Airmen, Survivors and the general public
MyAirForceBenefits is accessible via .mil and public networks and provides:• Approximately 500,000 Airmen across all components and their family members
full access to benefits information related to military service• Survivors with tailored casualty benefits information validated via the Airman and
Family Readiness Survivor Benefits Office
Bottom line: MyAirForceBenefits arms Commanders, Benefits Counselors, Airmen and their families with personalized benefits information to facilitate financially-based decision-making
Website link: https://myairforcebenefits.us.af.mil
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MyAirForceBenefitsFunctionality
Survivor Benefits Calculator: provides a personalized report projecting the lifetime stream of survivor benefits, which is essential for Airmen to help prepare their families for financial readiness in the event of their death on active duty or inactive duty for training
Retirement System Calculator: provides Airmen with a personalized calculation of their projected retired pay and facilitates an interactive “what if” capability to support effective retirement planning
Survivor Benefit Plan (SBP) Premium Calculator: allows Airmen to determine SBP premium costs for different beneficiary options at retirement, as well as the ability to adjust base amount and see modified premiums
Deployment Calculator: enables Airmen and their families to understand and prepare for the changes that occur in pay and allowances prior to and during deployments
Casualty Operations Module: provides surviving family members with validated initial Survivor Benefit Reports, to include a calculator for surviving spouses to see their family’s updated lifetime stream of benefits and to conduct “what-if” calculations
Benefits Library: contains Federal and State/Territory Benefits fact sheets and a Resource Locator; fact sheets are updated annually or more often as needed
MyAirForceBenefits Help Desk: provides personalized assessments, support and reports for service and family members, and is accessible through the MAFB website, email, and/or phone
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Who Does the MyAirForceBenefits Website Benefit?
Active Duty
Reserves
Air National Guard
Military Families
Survivors
Retired Airmen & Veterans
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MyAirForceBenefitsWebsite Home Page
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Benefit Library
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Benefit Library –Federal Benefits
Current and Up-to-date Benefits for ALL
Components
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Benefit Library –State/Territory Benefits
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Benefit Library –State/Territory Benefits (cont.)
Breakout of available benefits by State/Territory at the top of each Fact Sheet
Example of State/Territory benefit information shown
for State Tax Benefits
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Benefit Library –Resource Locator
Available for 50 states, Guam, Puerto Rico, US Virgin Islands, and 11
countries
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Benefit Calculators –Retirement
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Retirement CalculatorLaunch Page
Fact Sheets related to the Retirement
Process
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Retirement CalculatorComponent Selection
Airmen can log in with CAC Card or DS Logon to populated personal data in calculator
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Retirement CalculatorDisclaimer
• The reports, rating percentages, and other info displayed are estimates, in today’s dollars
• No PII is stored on the MyAirForceBenefits website after use.
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Your current personal and military data should pre-populate when you use a CAC or DS Logon.
Seek ? icons for full description.
Retirement CalculatorPre-populated Data Fields
Retired Pay Calculator
• Hover over ‘i’ icons for a brief description of the data field
• Click on ‘?’ for a detailed description of the data field
Airmen information if pre-populated
from MilPDS
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Enter your retirement/separation projections.
Total points at retirement is based on your projections.
Retirement CalculatorRetirement/Separation Projections (RC)
Retired Pay Calculator
After verification that information is correct, select Calculate.
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Retirement CalculatorEstimated Retired Pay (High 3)in Retirement
Monthly Retired Pay calculation = $1,868.00(All figures are computed in today’s dollars)
Calculate RCSBP based on computed monthly retired pay estimate
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Retirement CalculatorRCSBP Premium Calculator
Choose Beneficiary Option
• Verify all current dependents are represented
• Add or remove dependents as needed
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Retirement CalculatorSBP/RCSBP Premium Calculator
Modify/reduce base amount to see changes in premiums & monthly survivor annuity
Monthly Survivor Annuity = 55% of Airmen base amount = $1,027.40
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Retirement CalculatorRCSBP Premium Estimate
Calculate Survivor estimates based on computed monthly retired pay estimate
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Retirement CalculatorRCSBP Premium Estimate (cont.)
• Verify all current dependents are represented
• Add or remove dependents as needed
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Survivor Estimate for Inactive Duty for Training (IDT) Status
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Survivor Benefits Estimate –Spouse and Child Option
Significant reduction in annuity once child reaches age of 18
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Survivor Benefits Estimate –Spouse and Child Option (cont.)
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MyAirForceBenefits BriefingKey Take-Aways
Resource for Airmen, Supervisors, Leaders to ensure our Airmen are aware of their military benefits
Great recruiting and retention tool
Enables Airmen to plan, budget and prepare for retirement, separation, deployment, re-enlistment, survivorship
Seeking Senior Leader engagement/support in promoting the website and its capabilities
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MyAirForceBenefitsPoints of Contact
MyAirForceBenefits Help Desk1-888-721-2769
M-F, 9am-5pm (EST)[email protected]
Mr. Rodney KoonceMAFB Liaison Officer/Trainer
MSgt Orlando MoralesMAFB Air Force Program Manager
Air Force Personnel Center
Agile, Innovative, and Responsive… Fueling the Fight! 2727