WebContinuation Pay: Service members enrolled in the Blended Retirement System will be eligible for continuation pay between completion of their 8 th year of service but before completion of 12 years of service (time varies depending on guidance published) in return for a service commitment of 4 additional years. WebEligible employers could file Form 7200, Advance Payment of Employer Credits Due to COVID-19, to claim a refundable tax credit equal to a portion of qualified wages (including health plan expenses) that were paid after March 12, 2024, and before January 1, 2024. This form allowed employers to request an advance payment, which would then be ...

ENTITLEMENT TO CONTINUATION PAY - usalearning.gov

WebContinuation pay is a direct cash payout, like a bonus, available to Service members enrolled in the Blended Retirement System (BRS). It is targeted at the mid-career … WebApr 14, 2024 · As a part of the BRS, continuation pay was created as a direct cash payout to eligible members who have completed at least eight, but not more than 12 years of … smith food and drug edgewood nm

Continuation Pay For Service Members An Official Air Force ... - AF

WebNov 16, 2024 · Purpose. To announce the Blended Retirement System (BRS) Continuation Pay (CP) Program for Calendar Year (CY) 2024, and to provide supplemental guidance … WebMay 16, 2024 · The CSB, or Career Status Bonus, was an option under the legacy retirement system; it will be discontinued 12/31/17. It is a one-time lump sum payment of $30,000 offered after 15 years of service. Members must agree to complete 20 years of service to receive it, and taking CSB reduces their pensions. Continuation pay is … WebContinuation Pay: Service members enrolled in the Blended Retirement System will be eligible for Continuation Pay (CP) between completion of their 8 th year of service but … rius en chiclana