December 2011 and January 2012 Effective in December 2011, 47 members stationed in Moscow, Russia will see an increase. In January 2012, roughly 1600 members stationed in Homer, Juneau, Kodiak, Unalaska, Alaska will see an increase in COLA while other locations will see no change. Increases in COLA will also be seen for the Barbados, Brazil, Cambodia, and Cape Verde. Members … [Read more...]
2012 Basic Allowance for Housing Component Breakdown
About BAH Data is collected annually for over 350 Military Housing Areas (MHAs) in the United States, including Alaska and Hawaii. Three components are included in the BAH computation: median current market rent, average utilities (including electricity, heat, and water/sewer) and average renter's insurance. Collectively, these components establish the total … [Read more...]
2012 BAH Rates Announced
December 2011 The Department of Defense has released the 2012 Basic Allowance for Housing (BAH) rates. BAH rates will increase an average of 2 percent when the new rates take effect on January 1, 2012. For members with dependents, average increases in BAH are approximately $39 per month. A typical E-6 with dependents, for example, will find his/her BAH about $35 per month … [Read more...]
Cost of Living Adjustment for 2012
Based on the increase in the Consumer Price Index, there will be a 3.6 percent Cost of Living Adjustment (COLA) for retired pay and Survivor Benefit Plan annuities effective Dec. 1, 2011. Retirees will see the change on their Dec. 30 payment, and annuitants will receive it Jan. 3, 2012. Retirees who received a Career Status Bonus (CSB) will receive a 2.6 percent … [Read more...]
Debt Consolidation Relief for Military Personnel – What are the Benefits
December 19, 2011 What will the military personnel do when they incur high interest? Though military personnel have gone through various kinds of experiences in life, most of them get scared when they can't repay their outstanding credit card debt, in which hurts their credit score. If you're someone who is working as military personnel and you've incurred a huge amount of … [Read more...]