DECEMBER 31, 2020 - The Defense Finance and Accounting Service is planning to extend payroll collections for Soldiers and Army civilians through December 2021 to reimburse a tax deferment designed to support personnel during the COVID-19 pandemic, officials said. A presidential memorandum signed in August temporarily paused a portion of Social Security, called Old Age, … [Read more...]
DoD Announces Cost of Living Increase to Retired Pay
NOVEMBER 13, 2020 - Today, the Department of Defense announced annual cost of living adjustments that will benefit military retirees and survivors during calendar year 2021. Most military retirees will receive a 1.3 percent increase to their retired pay beginning with the pay they receive on December 31, 2020. Likewise, survivors of members who died on active or inactive duty, … [Read more...]
Military Pay Mission Transfers Back to Army
OCTOBER 2, 2020 - The U.S. Army is working to modernize its military pay systems to provide for a more ready and lethal force that is focused on mission accomplishment and not just on paycheck issues. In preparation for that future, the U.S. Army Financial Management Command assumed the Army’s military pay mission from the Defense Finance and Accounting Service on Oct. … [Read more...]
Navy Assignment Incentive Pay Approved for Extensions
JULY 2, 2020 - The Navy has authorized Assignment Incentive Pay (AIP) for Sailors extended at certain commands due to COVID-19 transfer delays. On June 12, the Navy announced the conditions-based, phased plan for Permanent Change of Station (PCS) moves. A vital part of the plan is prioritizing sea duty and critical shore billets, such as Recruit Division Commanders duty at … [Read more...]
Air Force Releases FY20 Selective Retention Bonus Program
NOVEMBER 21, 2019 - Air Force officials released details Nov. 20 on the fiscal year 2020 Selective Retention Bonus program, which includes 72 eligible Air Force specialties. “The Air Force works hard to retain our highly trained and experienced Airmen and the annual Selective Retention Bonus program is a key element in that effort,” said Lt. Gen. Brian Kelly, Air Force … [Read more...]