Name: Retirement News | Marine Corps Times
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Retirement News | Marine Corps Times

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Comprehensive news and information from Marine Corps Times about the military retirement systemBlended Retirement System is helping troops prepare for their futureFive years into the new Blended Retirement System, troops' retirement stashes are growing.Military retiree COLA may shrink in 2024. Here’s why that’s OK.Experts predict a much lower cost-of-living adjustment to retirement pay and annuities as inflation rates cool off.Military retirees to be booted from bases in Turkey. Who’s next? Changes at Aviano Air Base, Italy, are under review, and a cut-off of military mail privileges was announced last summer in the Phillipines, then delayed.Thousands of independent pharmacies now able to rejoin Tricare networkMany community pharmacies never received the proposed contract for the 2023 retail network, according to the National Community Pharmacists Association.Military spouse unemployment financial fallout is far-reachingActive duty spouses have saved a small fraction of what they'll need in retirement, according to a new report.Are overseas retirees about to lose military postal privileges?One major concern is how military retirees overseas will get their mail-order medications through Tricare Express Scripts.Tricare open enrollment begins — and your costs may go up If you want to make changes to your Tricare coverage, or enroll in a plan, you must do it by the open season deadline.CVS returns to the military Tricare pharmacy network. Walmart’s outWalmart officials, who signed an agreement with Express Scripts Sept. 30 to continue in the network, were surprised by the news they're out.Moving more military patients out of MTFs could cause them ‘significant harm,’ study findsMilitary patients are getting better quality of inpatient care in MTFs, compared to those getting care in local civilian hospitals.Pharmacy costs increasing Jan. 1 for active-duty families, retirees and othersAfter holding the line on cost of meds for 2021, Tricare officials are increasing the cost anywhere from $1 to $8 for 2022.More than 500K in the military community need to renew their expired ID cards soonAlso, no more ID cards for 10-year-old children, as DoD moves that eligibility to children ages 14 and older.Exchange shopping approved for more than half a million DoD, Coast Guard civilians New policy directs in-store shopping privileges within 30 days for DoD and Coast Guard civiliansRetiree’s wife: Here’s what to do if you think you’re still covered under Tricare Select“My concern is that we thought we had done it all correctly and were never notified of the error. We ended up spending a month scuba diving without health insurance." -- retiree's wife.Senators want to extend grace period for reinstating tens of thousands of retirees’ lost Tricare Select coveragePlan would give retirees a one-year grace period to reinstate Tricare Select.Nearly 175,000 military retirees, family members may soon have no Tricare Select coverageThis may mean a rude awakening for retirees who haven't set up payments for Tricare Select. But DoD is cutting you some slack.New in 2021: Are you a retiree who will lose Tricare Select coverage Jan. 1? Here’s what to do.You'll probably be getting a phone call if you were disenrolled from Tricare Select as a retiree or family member.Here’s when Armed Forces Retirement Home residents, staff will be offered COVID vaccine Residents and staff members of Armed Forces Retirement Home are a top priority for the initial deliveries of vaccine.Here’s when your 2020 military tax statements will be readyGet your tax statement faster on myPay; retirees' 1099Rs will be available on Dec. 15.Don’t let your Tricare Select coverage lapse, officials warn retireesRetirees have until Dec. 31 to set up their payment process for new Tricare Select enrollment fees.Load MoreFeatured VideoTanks, Strykers and Servers: The latest contracting headlines | Defense DollarsAir Force fields and improves AI wingmenWill cloud costs impact the Pentagon’s mission readiness?Navy Vet receives pig's heart in experimental transplantTrending NowMarine vet’s lawyer says extradition hearing should be delayedMarine Corps deactivates its squadron for training F/A-18 pilotsCamouflage uniform shortage prompts Marine Corps to relax attire rulesMarine vet marking Beirut attack anniversary with another 273-mile walkThis Marine is taking challenge coins to new heights, crayons included

Comprehensive news and information from Marine Corps Times about the military retirement systemBlended Retirement System is helping troops prepare for their futureFive years into the new Blended Retirement System, troops' retirement stashes are growing.Military retiree COLA may shrink in 2024. Here’s why that’s OK.Experts predict a much lower cost-of-living adjustment to retirement pay and annuities as inflation rates cool off.Military retirees to be booted from bases in Turkey. Who’s next? Changes at Aviano Air Base, Italy, are under review, and a cut-off of military mail privileges was...

Retirement News | Marine Corps Times

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