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Coast guard retirement pay shutdown Form: What You Should Know
Coast Guard pension checks were paid out today and only 50,000 retired Coast Guard homesick in danger of not getting their pensions in two weeks as the longest government shutdown in American history closes federal offices and furloughs thousands of workers across government Jan 21, 2023 — The 50,000 retired and unemployed Coast Guard personnel are at risk of not getting their pensions in two weeks as the longest government shutdown in American history closes federal offices and furloughs thousands of workers across government Jan 21, 2023 — Retired Coast Guardsmen are at risk of not getting their pension payments in two weeks as the longest government shutdown in a generation closes federal offices and furloughs thousands of workers across government Jan 22, 2023 — This is not going well for the Coast Guard. We pay our retired military personnel in full every month because their pay is not impacted, but since the government shutdown began, pay has been not issued because the pay offices close. They've been sending checks but no check yet to those who worked and sacrificed so much to keep us safe on this earth. Coast Guard Retirees, Navy, Air Force, and Marine Corps Jan 21, 2023 — Today, they took a step in the right direction by sending out their retirement checks, but they could be missing out, if Congress does not act to resolve any outstanding issues by Jan 29, it could take four months for the checks to go out. We need that bill by Jan 29 to protect the Coast Guard against any possible financial or operational impact of the shutdown. Retiree and Annuitant Social Security Benefit Jan 17, 2023 – We've been waiting for this for a long time, but we should also note that a shutdown would also affect Social Security benefits for many Coast Guard retired personnel and Annuitants. Our own Social Security Administration has already issued notice to the U.S. Navy to prepare to stop issuing retroactive disability payments for military retirees and annuitants who do not receive health insurance through their employers.
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Who here as of January 1st 2023 will have less than 12 years of service okay so the new blended retirement is really directed at you anybody ever twelves you're gonna sorry grandfathered in but you should really educate yourself on it because you're gonna have beverage they're gonna work for you so you should need to make sure you can pass this information on so basically I'm gonna read it because I don't want to I want to make sure that it's very clear and for those that have not seen there was a message that came out yesterday addressing the new blender Retirement System just kind of giving everybody be a little bit of the information not all-encompassing because we're still working on how we're gonna push this out to the service but basically so everybody knows right each year as of right now and get two point five percent charge retirements when you hit twenty years you get 50 percent that's going to change to two percent so 20 years you get 40 percent okay so remember it's like all that kind of stuff right ten percent well the kick is that there's going to be a matching TSP contribution automatic 1% and then the government will match it up to 5% okay so that's that's something that's good so if you decide to leave the service in under 20 years that matching goes with you so it's not like you just lost that that contribution so that's a huge plus so we're hoping that that's going to be an accession tool that we can use we're hoping that that's gonna be something that will help out when members hit around 12 years that's still to be determined right now there's going to be an incentive peg...