SEPTEMBER 21, 2018, Tyndall Air Force Base, FL - The ability to opt-in to the Blended Retirement System (BRS) ends Dec. 31, 2018. All service members who entered the military on or after Jan. 1, 2018, were automatically enrolled in the BRS. All service members who joined the military on or before Dec. 31, 2017, were automatically placed in the legacy retirement system. For … [Read more...]
New Bonuses To Keep Quality Marines
JULY 30, 2018, Camp Pendleton, CA - The Marine Corps is spending $136 million in reenlistment bonuses and other incentives to help retain Marines for multiple military occupational specialties (MOS) during fiscal year 2019. Marines in certain MOS’s may be eligible for an early re-enlistment kicker, which is a $10,000 lump sum paid to a Marine in addition to his/her MOS’s ind … [Read more...]
Eligible Veterans Can Seek Refund for Taxes on Disability Severance Payment
JULY 17, 2018 - The Defense Department has identified more than 130,000 veterans who may be eligible for a refund for taxes paid on their disability severance payment, a DoD tax expert said. Army Lt. Col. David Dulaney, the executive director for the Armed Forces Tax Council, said the department began mailing notices to veterans July 9. The deadline to file for the refund … [Read more...]
Everything To Know About Your Military Retirement Choices
JUNE 15, 2018, Washington D.C. - Let's chat retirement for a quick minute. You took the Blended Retirement System (BRS) training last year, right? Probably because your boss told you to get it done so she could report 100 percent completion for your unit, right? And it was probably the most boring two hours of your life, right? So, now that we're halfway through 2018, how much … [Read more...]
Pay Dates Increase for Civilians in 2015
FEBRUARY 24, 2015, JOINT BASE SAN ANTONIO-RANDOLPH, Texas (AFNS) - Civilian employees will have 27 pay dates in 2015 compared to the usual 26, so some employees might need to adjust their Thrift Savings Plan (TSP) contribution elections to receive the maximum agency matching contributions for 2015. The Internal Revenue Code imposes a limit each year on the amount that an … [Read more...]