July 7, 2011 By Brian Gebhart WASHINGTON (Army News Service) -- The Army released its Modernization Plan 2012 last week, an in-depth explanation of how next year's budget request aims to move the Army toward achieving its objectives to equip the force in the 21st century. The goal of the Strategy to Equip the Army in the 21st century is to develop and provide an affordable … [Read more...]
Allowances
Allowances are the second most important element of military pay. Allowances are moneys provided for specific needs, such as food or housing. Monetary allowances are provided when the government does not provide for that specific need. For example, the quantity of government housing is not sufficient to house all military members and their families. Those who live in government … [Read more...]
Assignment Incentive Pay (AIP)
Assignment Incentive Military Pay is the military’s preferred way to compensate troops from all services. Assignment Incentive Military Pay is often paid to service members for unusual assignment circumstances. Those service members who have involuntarily extended their tours in Iraq and Kuwait combat zones receive an additional $200 in hardship duty pay and another $800 in … [Read more...]
Special and Incentive Pay
Special and Incentive (S&I) pays provide the Services with flexible additional pays that can be used to address specific manning needs and other force management issues that cannot be efficiently addressed through basic pay increases. Click on Index of S&I Pays for a complete list and additional details of these pays. Unlike basic pay and allowances, which vary by … [Read more...]
Obama Administration Offers Additional Mortgage Relief to Unemployed Homeowners
Adjustments to FHA and MHA requirements to allow 12-month Forbearances (Washington, DC)- Today, the Obama Administration announced adjustments to Federal Housing Administration (FHA) requirements that will require servicers to extend the forbearance period for unemployed homeowners to 12 months. The Administration also intends to require servicers participating in the … [Read more...]