By Amaani Lyle American Forces Press Service WASHINGTON, June 7, 2012 - Despite the prospect of major defense cuts early next year, the Defense Department remains committed to resale programs that provide valuable benefits to uniformed members and employment for family members and veterans, a senior department official told the House Armed Services Committee today. Robert L. … [Read more...]
Become Debt Free with Financial Peace University: Military Edition Style
6/6/2012 By Lance Cpl. Timothy Norris, Marine Corps Air Station Beaufort MCAS BEAUFORT, S.C. - The average American household has $54,000 of debt, according to statisticbrain.com. Twenty percent of 18 to 24 year old Americans say they have debt hardships. Air Station Marines, spouses, and Department of Defense employees are taking control of their … [Read more...]
New Roth TSP Program Will Expand Financial Readiness Options
By Claudette Roulo American Forces Press Service WASHINGTON, June 1, 2012 – A major retirement savings tool available to all service members and DOD civilians is the Thrift Savings Plan, and soon there will be a new tool to save for retirement -- the Roth TSP, a senior Defense Department official said. The Roth TSP, which uses after-tax dollars, will begin phased … [Read more...]
New Policy Allows Reserve Leave Carry-Over
May 21, 2012 By Mass Communication Specialist 3rd Class Andrea Perez MILLINGTON, Tenn. (NNS) -- Navy implementation of DoD policy allowing Reservists to carry over leave earned during an active duty period to a later active duty period was announced in NAVADMIN 163/12, May 18. Reserve Sailors may now earn and carry over up to 60 days of accrued leave. Additionally, as part of … [Read more...]
2012 Military Clothing Allowance
Military Enlisted members are provided monetary allowances to pay for uniform replacement and maintenance. These allowances are based on the cost of specific uniform items, and on an estimated “wear out” date for each specific item. The clothing allowance typically is paid on the anniversary of the day members entered the military. People with fewer than three years … [Read more...]