| USSVI Veterans News
Posting Date: 21 December, 2005 From: John Dudas myPay Makes Improvements The myPay automated system puts the pay recipient in control of processing certain discretionary pay data items without using paper forms. They can also get pay statements, tax forms and information online. In addition myPay users are able to monitor their pay accounts online, as well as changing tax withholding information, starting or stopping allotments and updating bank information for direct deposit of their monthly pay. Users of myPay can also access their IRS 1099-R forms online weeks before receiving them in the mail, giving them a jump on completing their IRS tax forms (and getting their refunds quicker). A number of improvements are planned, with the finishing touches being put on a feature that will permit retirees and annuitants to receive e-mail confirmation of the changes they make to their pay account when using myPay. This feature will be launched next year. The latest security enhancement available to myPay users is the ability to change their login identification along with their personal identification number. This allows users accessing the system to use their own unique login information without relying on their Social Security number to enter myPay. Users can make these changes by logging into myPay and clicking on Personal Settings Page. Links for changing PINs and Login ID are provided. myPay can be reached at https://mypay.dfas.mil/mypay.aspx. |