RASL Payment Expectations
As stated in the RASL literature, please communicate to retirees that the first RASL payment is generally available 60-90 days AFTER a qualified and complete application has been received by the GAO (not 60-90 days after retirement, as some retirees assume). With an unexpected surge in applications received during the summer months and since applications are processed in the order received, it is now taking closer to 90 days to fully process applications. Reinforcing this message will ensure all RASL applicants have the appropriate payment expectations.
Old Forms no longer accepted:
Effective Monday, October 18, 2010, RASL will only be accepting the current RASL application forms (GAO-SL-50 and the RASL Employee Checklist), which were updated and communicated in April, 2010. This deadline represents the end of a 6-month grace period
that allowed prior versions of the forms to be submitted. However, going forward, agencies that receive old forms will need to contact the employee and instruct them to complete the current form.
As we approach the end of the year, applicants retiring prior to October 31, 2010, who wish to utilize deferred compensation, must ensure their application is processed by their agency and sent to RASL as soon as possible and within 30 days of their termination in order to meet the December 31, 2010 IRS deadline. If the application is not received in time, deferred compensation will not be possible.