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Show TIMES 3 HILLTOP TIMES takes care of all service retirees MUSEUM TOUR January 14, 2010 W The RAO will answer virtually any question related to military retirement Retiree Activities Office deputy director and can assist with problems associated with pay, DD214s, renewal of ID nyone who has retired from any cards, death of a member or availability branch of the military, has an office on base dedicated to assisting Year of The of various ba§e services. The RAO is a with any questions or concerns related to central point of contact for all retirees Air Force entitlements and benefits. and their families. The Hill AFB RAO is managed The Hill Air Force Base Retiree Acand operated by volunteers Monday tivities Office is located in the Customer through Friday from 9 a.m. to 3 p.m. Service Building, Building 430 (commonly Marine Col. (Ret.) Dan Petrizzo, is the director of referred to as the old BX). The primary mission is to serve as a focal point for the retiree community the RAO at Hill AFB. More volunteers are always needed and anyone interested with at least three in its relationship with military installations. As the base levelcomponent of the Air Force Retiree hours per week of availability is encouraged to conCouncil, the RAO serves the military retirees of all tact Petrizzo or any of the volunteers staffing the the uniformed services, spouses, widows, widow- RAO at (801) 777-5735 or by e-mail via retact@hill. ers and dependent family members. The program af.mil. The Web page is located at www.hill.af.mil is designed to promote, support, advance and unify after a click on the retiree activities link. the military retired and active duty communities. Volunteerism is integral to the success of many With this in mind, the Hill AFB RAO proactively of the things accomplished on base. Without it, serves to remind the retired military population many of the quality of life programs and comthat neither their service nor their families have munity service activities wouldn't exist. Without been forgotten. volunteers the Hill AFB RAO would not be here to serve retirees. A retiree or spouse comes equipped Being of assistance to the retired mission is of with superior skills and significant life experiences; primary concern to the volunteers in the RAO. Their service includes, but is not limited to, provid- their help is always needed. As a volunteer, people set their own schedule, spend as much or as little ing general retiree benefit information. The RAO time as they choose. There are numerous opportuoffers information regarding casualty assistance, nities to volunteer on base and the RAO can help TriCare, other base programs, on-base functions you find a good fit. and base facilities to name a few. These services are available to the entire 18,000 military retirees Anyone who is a retired military member or and family members living in the greater Hill AFB family member, the RAO is ready and willing to area and surrounding community. help you. Stop by and meet some fellow retirees. BY JOHN LANNEFELD A ALEX R. LLOYD/U.S. Air Force )pck\ Hoffman, spouse of Gen. Donald Hoffman, ikmmander of the Air Force Materiel Command, gets a Kands-on demonstration at the Hill Aerospace Museum Learning Center from Robert Wolthoff, a museum education/tour guide, Jan. 11. At the Learning Center students have fun with Air Force science and gain an Exposure to the knowledge needed for mankind to fly tfirough interactive displays, demonstrations and other learning activities. Jtirift Savings Plan limits stay at 2009 levels ,., »#r force Personnel Center Public Affairs ANDOLPH AIR FORCE BASE, Texas — The Federal Retirement Thrift Investment Board has announced the 2010 elective deferral limit for regular Thrift Savings Plan contributions '.; wilt remain at $16,500, unchanged from 2009. Contributions for the TSP catch-up plan also remains at • > the'$5,500 limit set in 2009. *-.,'• ;lJSP-is a long-term retirement savings plan : -r which everyone should consider contributing to," I'vsaid Kathryn Iapichino, a human resources special*-.:> ist'at the Air Force Personnel Center at Randolph Ajr Force Base, Texas. "It's a great supplement to :«•:military and civilian retirement plans." > i_ - The plan gives investors the opportunity to lower ie? their taxes each year they contribute. The taxes are ..'"deferred until the employee withdraws funds from the account after retirement. '"•Investment money is deposited directly from each paycheck; so, you never have to think about it. That makes it easy to 'pay yourself first' while only - investing what you deem appropriate," Iapichino --'said. "TSP is not limited to just stocks; employees can choose safer government securities or invest in the . lifecycle funds," she added. Regular TSP contributions stop when an employee's "contributions reach the annual maximum limit and then automatically resume the next calendar t year -\ Catcft-up contributions are additional tax-deferred'contributions and are separate from regular TSfe contributions. For those who are eligible, catch-pp contributions provide a way for individuals ;.^to secure their retirement, especially for those that „-, begin investing later in their careers. *** To be' eligible for catch-up contributions, civilian >-.*-and military employees must be age 50 or older in the year in which the first deduction from pay occurs, "they must also be in a pay status and be able to certify they will make, or have made, the maxi, mum ".regular" employee contributions of $16,500 to . ,a TSP or other eligible account by the end of 2010. £ Other eligible accounts include uniformed ser, 'vices TSP accounts or other eligible employer plans, J r " such as 401Ks. Employees who have taken a TSP financial hardship in-service withdrawal are not eligible to invest during the six-month, noncontribution period. Catch-up contributions automatically stop with :he last pay date in the calendar year or when the maximum catch-up dollar limit for the year is reached, whichever comes first. Eligible employees must submit a new election for each year theywish to participate. FSP for military members Military members can contribute any whole percentage up to 92 percent of basic pay, as long as the $ Jnmiai total of the tax-deferred investment doesn't xceed .$16,500 for 2010. If contributing from basic Indudes up to 5 qfs. Synthetic Blend oil i Change & Standard Filter 1 I LAYTON Synthetics &orhor grades higher. Disposal foci . ; 2085 N. Hill Field Rd. I t"4ot valid with any olner oncra. Valid a) ItiiJ (801) 776-4648 L TSP for civilians Civilians can contribute any whole percentage of their basic pay or a whole dollar amount each pay period to a regular TSP account. This amount is subject to the $16,500 annual maximum for 2010. Air Force-serviced civilians may submit regular TSP enrollment elections or changes at any time. Contributions will automatically continue into 2010 for those already in TSP; so, it is not necessary for employees to submit an election unless they wish to change the amount of their bi-weekly contributions. The contribution on pay date Jan. 8, 2010, will apply toward the 2010 annual maximum. Employees who are covered by the Federal Employees' Retirement System must contribute at least 5 percent of their basic pay every pay period in order to receive maximum agency matching contributions throughout the entire year. Once the maximum contribution limit of $16,500 is reached, employee contributions and agency matching contributions will be suspended for the remainder of the year. Regular TSP enrollments, changes or catch-up contributions submitted through Dec. 19 were See TSP I page 6 ' •.rtinnhni/il/lO. Hot Dining for a Cold Winter I 1J j i_. *—11 i . i—•'—; L—. Iggy's Three-Course Platters • Choice of Entree • • Choice of Soup or Salad • • Special Hot Fudge Sundae • $ Ovfy 9.99 All Day, Every Day in January Select from the following entrees Chicken • Country Fried • Jack Daniels Parmesan Steak Meatloaf Half Chinese • Big • Chicken • Teriyaki Chicken Salad Burger Strips Chicken SPORTS GRILL All UTAH LOCATIONS h-% LAMP •com For Appt. Call (801) 425-6954 FLUORESCENT LAMPS taffi 1MPACTGUNS.COM 2710 S. 1900 W. Dgden, UT 301-393-2474 pay, Airmen may also invest all or part of their bonuses, special pay or incentive pay. Members may enroll and adjust contribution amounts through their Defense Finance and Accounting Service myPay account. TSP elections made after Dec. 6, 2009, were effective Jan. 1, 2010. Those serving in tax-free combat zones may contribute up to $49,000 in annual contributions for 2010. The $49,000 total includes tax-exempt combat zone contributions and regular deferred contributions. There are limitations regarding the amount military members may contribute per month, please contact TSP for additional information at (877) 9683778. Military members who wish to make catch-up contributions must complete and forward a TSP-U1-C, TSP Catch-Up Contribution Election form, to ' their local finance office. Contribution allocations (how an employee chooses to invest money among the investment funds) can be made by accessing your TSP account, using your personal identification pin and password at http:// www.tsp.gov. Contribution allocations can also be made via the Thrift Line at (877) 968-3778. Brighter & Whiter Environmentally Safe Solves Premature Lamp Failure • Longest Guarantee In The Industry! irtciufl6S fingerprints & 84 MONTHS Lan* Only 120 MONTHS 'When used with Select Superior Ballast5 |