Posted on Nov 22, 2017
Mark Overberg, Director of Army Retirement Services, here to talk about the new blended retirement system. What questions do you have?
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Mark enlisted as an All-Source Intelligence Analyst in 1985, he served two years in the 82nd Airborne Division. He then attended the Officer Candidate School and the Armor Officer Basic Course in 1988 before being assigned to the 1st Squadron, 1st Cavalry Regiment, 1st Armored Division in Germany. During his tour there, Overberg patrolled the East German and Czechoslovakian borders and served as a Cavalry Troop Executive Officer during Operation Desert Storm. After three years as a cavalry officer, the Army transferred him to the Ordnance Corps. His first logistics assignment was to the 194th Separate Armored Brigade, Ft. Knox, KY, where he deployed to South Florida for recovery operations after Hurricane Andrew in 1992 and to Haiti as the Logistics Support Team Commander for the multinational Caribbean Command Battalion during Operation Uphold Democracy in 1994. After a tour as a training advisor with the 218th Heavy Separate Brigade (South Carolina Army National Guard), Overberg attended the Command and General Staff Course, and then was assigned to Fort Bragg. While serving as the Support Operations Officer for the 530th Supply and Service Battalion (Airborne), he deployed to Uzbekistan in early November 2001. Overberg further deployed into Northern Afghanistan in January 2002 where he commanded Task Force MeS and supported the French and Jordanian Armed Forces and US Special Forces. In 2004, Overberg was assigned to the Army G-1 as the Executive Officer for the Director, Human Resources Policy and later as the Chief, Drug Testing Branch, Army Center for Substance Abuse Programs, where he was responsible for the Army’s military and civilian drug testing policy and programs. He retired on 1 November 2007. Overberg was awarded the Legion of Merit, the Bronze Star Medal (with oak leaf cluster), the Meritorious Service Medal (with three oak leaf clusters), the Army Commendation Medal (with four oak leaf clusters), the Army Achievement Medal (with five oak leaf clusters), the Valorous Unit Award, the Joint Meritorious Unit Award, the Army Staff Identification Badge, and American and German Parachutist Badges. In March 2010, after 2 ½ years as the Deputy Director, Personnel and Administrative Support Center, Office of Disaster Assistance, US Small Business Administration, Overberg became the Deputy Chief, Army Retirement Services within the Office of the Deputy Chief of Staff, G-1. In June 2016, Overberg was promoted to Director, Army Retirement Services. Working out of Arlington, VA, Overberg is responsible for all Army retirement services policy and oversight of the program’s delivery to Soldiers, Retired Soldiers, and surviving spouses of all three Army Components, as well as strategic level program communications. Overberg received a Bachelor of Science Degree in Industrial Management from the University of Akron and a Master of Business Administration degree from Webster University.
Edited >1 y ago
Posted >1 y ago
Responses: 40
I noticed, you haven't raised the praise of the 401K as part of this new retirement plan
LTC Mark Overberg
The defined contribution does involve both upside and downside risk, but the TSP is an excellent vehicle to invest in for the future. Good fund options, extremely low operating costs, no loads, good diversification, professional fund management. And putting in 5% yields a 5% match (after 2 years of service) which is like getting a 5% pay raise. Look at the long term returns of a diversified portfolio.
If you are eligible to opt in to BRS, you have from Jan. 1, 2018 to Dec. 31, 2018 to make your decision. If you decide to opt in, you'll do so through MyPay. If you decide not to opt in, no action is required, and you'll remain under the High 3.
If you are eligible for BRS, there are a lot of resources available on post where you can get advice regarding your opt in decision. You can talk to personal financial counselors/managers at the Army Community Service centers and Family Life Centers. You can also talk to your chain of command, the installation Retirement Services Officer, take the opt in course on Joint Knowledge Online ( http://militarypay.defense.gov/BlendedRetirement/ ) , and you can use the MyArmyBenefits Blended Retirement System Comparison Calculator ( https://myarmybenefits.us.army.mil/Home/Benefit_Calculators/Retirement.html ).
Information on the U.S. Department of Defense Blended Retirement System.
I do not have my picture from when I was working with JFKSWCS from 2010 to 2012. Also I remarried in 2013, changed my last name from Price to Condono. Is there a way I can get this updated in military records?
LTC Mark Overberg
That’s beyond my area of expertise, MAJ Elaine (Price) Condono. If you’re Army, I recommend you contact the Human Resources Service Center at [login to see] or [login to see] .mil.
How, after decades can I track down an enlistment bonus that was never paid? My DD214 and discharge paper from IRR show me to have been honorably discharged
PV2 Jerry Cooper
Not sure what you mean by correct path. Just saying I was never paid. I got excuses from a fire destroying my records to I wasn't eligible for VA benefits or considered a veteran. That has changed. The VA has rectified the situation. I did my part, the Army did not. Plain and simple. Only wondering if someone knows who to talk to about old bonuses. I feel no compunction about asking for what is due to me. With all due respect
SSG (Join to see)
SFC Jim Ruether yep throwing money at a problem is always the governments number one answer.
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