CRSC/CRDP Open Season

CRSC/CRDP Open Season
http://www.dfas.mil/retiredpay/crsccrdpopenseason.html






If a retiree is eligible for both CRDP and CRSC, he/she may participate in the CRSC/CRDP Open Season. This annual election will be from January 1 through January 31, 2008 and allows the retiree to choose which payment is preferred (federal law states that you can receive CRDP or CRSC; not both)
Beginning in late December, eligible retirees will be mailed a CRDP/CRSC Open Season Election Form. The retiree needs to return the form only if making a change from CRDP to CRSC or vice versa. If the retiree prefers to keep things the way they are, then do nothing, and the payment the retiree now receives will continue uninterrupted.
To help the retiree make a more informed decision, the form will include a comparison of the CRDP and CRSC entitlement amounts as well as information about the collection actions and taxes to which each type of payment is subject.
If the retiree wants to change from CRDP to CRSC or vice versa, the form must be completed and postmarked by January 31, 2008. If the form or envelope is dated after this date, it will not be processed and the current payments will continue.
The change in the payment will be effective the first business day of February 2008. Due to a 30-day processing timeframe, the retiree may receive their first payment on the first business day of March 2008 and a retroactive adjustment for the payment that would have been paid on the first business day in February.
The retiree’s election will remain in effect unless changed in a subsequent annual open season.

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