01-19-2015 07:00 AM Content provided courtesy of USAA. by Tim Kiesow, CFP®, ChFC® If you’re in the active-duty Army, Navy or Air Force and contributing to a Roth TSP account, here’s a worthwhile New Year’s resolution: Do a little paperwork in January so you can keep putting away money for retirement. These service branches will … [Read more...]
Soldiers to Get One-Percent Pay Raise in New Year
WASHINGTON (Dec. 24, 2014) - Most Soldiers will receive a one-percent increase in basic pay in January along with a 2.9-percent increase in their basic allowance for subsistence. The new rates for basic pay, basic allowance for housing, basic allowance for subsistence, and the cost of living allowance rates for the contiguous United States were announce today by DOD, and … [Read more...]
Air Force Approves Special Pay for Nuclear Career Fields
OCTOBER 3, 2014, WASHINGTON (AFNS) - Assignment incentive pay and special duty assignment pay for select total force nuclear career fields became effective Oct. 1, following Secretary of the Air Force Deborah Lee James' recent announcement. “The purpose of these special pays is to incentivize Airmen to volunteer for and perform duties in a particular career field, … [Read more...]
Special Duty Pay Restructure to Take Effect October 1
August 4, 2014, Washington - Most special duty assignment pay rates are scheduled to be revised to meet budgetary constraints beginning Oct. 1. Most Marines reporting to special duty assignments after the effective date will receive a lower rate than in previous years. Special duty pay adjustments will affect Marines serving as recruiters, drill instructors, combat … [Read more...]
Obama-Signed Bill Provides Military Pay and Bonuses
WASHINGTON, December 27, 2013 - President Barack Obama signed House Resolution 3304 yesterday, which provides pay and bonuses for U.S. service members, enhances counterterrorism efforts overseas, builds security capacities of key U.S. partner-nations, expands efforts to prevent sexual assault and strengthens protections for victims. Here is the text of the president’s … [Read more...]