Welcome to the first edition of the NAF HRO

Newsletter, your official personnel news!

Hot Topics Included in this issue:

Military “buy back” service for NAF

Retirement.

Annual Performance Evaluations

Health and Dental Open Enrollment Season

“My Pay” password resets

HRO hours of operation

Within-grade Increases (WGIs)

THE NAF EMPLOYEE

NEWSLETTER

MILITARY BUY BACK PROGRAM

Prior military members are eligible to buy back up to

5 years of military service towards NAF Retirement

if they meet the following requirements:

- Have prior U.S. military service and are not

receiving military retirement pay or other federal

retirement benefits.

- Are regular NAF-paid employees, or appropriated

fund-paid employees who were formerly NAF and

remained in the NAF retirement plan.

If you qualify, and wish participating your added

service credit, and your buy back cost, contact the

HRO at 719-556-481 for more information.

October 2009-January 2010 VOL # 1 ISSUE #1

What is a 401(k) Savings Plan? – Section 401(k) of the Internal Revenue Code permits employees to establish retirement savings plans

for their employees. The 401(k) allows employees to contribute a portion of their salaries to the Plan. Employees may also contribute

matching funds. Employee and employer contributions, plus earnings from these contributions are not subject to federal income tax until

withdrawn from the plan.

Annual performance evaluations are now due for the

performance cycle of 1 Oct 08-30 Sep 09.

All NAF employees must be aware of what is expected of them in

their current position. Performance standards prescribe the quality,

quantity, and timeliness of job performance that are essential for fully satisfactory performance in a specific position. The

performance evaluation is a measurable and realistic evaluation that

assesses the quality of work performed and the standards of

personal conduct and behavior that are essential for the successful

performance in the position. Employees with less than 90 days of

employment as of 30 Sep 09 will not be evaluated until the next performance cycle (1 Oct 09-30 Sep 10).

Service Recognition Award: This award reflects recognition of

long and faithful service for regular NAF employees. Recognition is given for 5, 10, 20, 30, 40, and 50 years of creditable service, which

includes all APF and NAF civilian service, and all honorable

military service, which are creditable for leave.

Within-grade Increases Waiting Period for Regular Employees

If you are a regular NA, NL, NS employee the waiting period for

your step increases are as follow:

From Step 1 to Step 2 – 6 months

From Step 2 to Step 3- 1 1/2 years

From Step 3 to Step 4 – 2 years

From Step 4 to Step 5 – 2 years

Within-grade Increases Waiting Period for Flexible Employees

From Step 1 to Step 2 – 130 workdays in no less than 6 months

From Step 2 to Step 3 – 390 workdays in no less than 1 ½ years

From Step 3 to Step 4 – 520 workdays in no less than 2 years

From Step 4 to Step 5 – 520 workdays in no less than 2 years

EMPLOYMENT

NEWS .

Current NAF employees applying for other NAF positions within the Squadron must complete an AF 2550 in

order to be considered for the other vacancies. The AF 2550 must be thoroughly completed with all the

signatures and work/education experience necessary for qualifying for the new job.

HRO hours of operation: Mon-Fri 7:30am-4:30pm. Walk-ins

9:00am-2:00pm. Office closed on weekends and holidays

For “my pay” password changes and resets, please contact

the HRO staff at 556-4818, 556-4525, or 556-7074.

MONTH, YEAR VOL # ISSUE #

Delete box or place a cption here.

Delete box or place a caption here.

Continue newsletter text here. Continue newsletter text

here. Continue newsletter text here. Continue newsletter

text here. Continue newsletter text here. Continue

newsletter text here. Continue newsletter text here.

Continue newsletter text here. Continue newsletter text

here. Continue newsletter text here. Continue newsletter

text here.

Continue newsletter text here. Continue newsletter text

here. Continue newsletter text here. Continue newsletter

text here. Continue newsletter text here. Continue

newsletter text here.

Continue newsletter text here. Continue newsletter text

here. Continue newsletter text here. Continue newsletter

text here. Continue newsletter text here. Continue

newsletter text here. Continue newsletter text here.

Continue newsletter text here. Continue newsletter text

here. Continue newsletter text here. Continue newsletter

text here. Continue newsletter text here. Continue

newsletter text here. Continue newsletter text here.

Continue newsletter text here.

HEADLINE SUBHEAD. SUBHEAD.

SUBHEAD. SUBHEAD.

October-January 2010 VOL # 1 ISSUE #1

If you did not participate in the Life Insurance plan when first eligible (within 30 days of conversion to regular status or

date of hire), an Evidence of Insurability form must be submitted and approved by the insurance underwriter if

enrollment is requested. If this is your situation, contact the HRO for more information.

If you are retiring from NAF employment, please contact

the HRO at least 90 days prior to your retirement date.

You may elect to receive an annuity for your life only or

survivor annuity for a spouse or beneficiary in the event of

your death.

NAF Retirement Eligibility

To be eligible to participate in the Plan, you must be a NAF employee under regular appointment (excluding off-duty military) and be employed

by an AF NF NAFI) You will be eligible for enrollment 1 year after

becoming a regular employee. The current employee contribution to the Plan is one (1) percent of your basic rate of pay by payroll deduction and

your employing NAFI contributes the balance required to fund the Plan.

If you do not enroll when first eligible, you may still join at any later date. If your employment terminates before you complete 5 years of

credited service, you would receive your contributions plus interest

accrued. After 5 years of credited service, you may choose a refund or a

deferred annuity.

Retirement Options:

Normal Retirement: If you are 65 years of age, regardless of your years

of credited service you may retire with an unreduced annuity.

Voluntary Early Retirement: If you are at least 62 years of age and

have completed at least 5 years of credited service; if you are at least 60 years of age and have completed at least 20 years of credited service; or if

you are at least 55 years of age and have at least 30 years of service, you

may retire with an unreduced annuity.

Optional Early Retirement: If you are at least 52 years of age and have completed at least five years of credited service, you may retire with an

annuity that will be reduce by four percent for each full year that your

annuity commencement precedes age 62.

Delayed Retirement: If you continue to work beyond your 65th birthday,

you may retire at any time, regardless of how many years of credited service you have completed and will receive a lump sum payment in the

amount equal to your contributions to the Plan plus interest.

Involuntary Retirement: If your employment is involuntarily terminated

as a result of a business based action and you have completed at least 25

years of credited service, or you have at least 50 years of age and have completed at least 20 years of credited service, you may retire with an

annuity that will be reduced by 2 percent for each full year your annuity

commencement date precedes your 55th birthday.

If you are applying for retirement, you must provide to the HRO the

following:

Proof of Age Document (birth certificate, naturalization papers,

passport, etc)

Social Security Award Certification letter (letter from social security

showing employee benefits by age 65)

Most recent leave and earnings statement (pay stub)

BENEFITS CORNER:

THE AIR FORCE NAF RETIREMENT

PLAN

HEADLINESUB-HEAD

October 2009-January 2010 VOL #1 ISSUE #1

Coming soon: DoD NAF Health and Dental Insurance Enrollment

Open Season!

The open season will be available November 2009 for enrollment

effective 1 Jan 2010.

Do not miss this opportunity if you would like to enroll in the health and

dental plans or if you would like disenrollment from the plan(s).

21 FSS/FSMH

135 Dover Street, Suite 1116

Peterson AFB, CO 80914-1155

Tel: (719) 556-4818

DSN: 834-4818

FAX: (719) 556-4880

For current job openings within 21

FSS, Thule Greenland, and Clear,

Alaska go to WWW.21fss.com

This is a quarterly

publication offered to

you by the NAF Human

Resources Office

Please Contact us at:

A little bit of history: Back in the 80s in an effort to reduce federal spending, Congress changed

how federal employees pay was calculated; as a solution, they increased the work year from 2080

hours to 2087 hours to make up for those infrequent years where there are actually 27 pay periods

therefore, the annual wages that federal employees receive is based on multiplying the employee

hourly rate by 2087 hours; or by dividing your yearly salary by 2087 to get your hourly rate.