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...]
Programs Assist Veterans with Jobs, Education, Homes
By Terri Moon Cronk American Forces Press Service WASHINGTON, May 30, 2012 – The U.S. Department of Veterans Affairs wants veterans to know about their benefits, from job and education opportunities to home loans and programs for those who are disabled. Veterans caught in today’s high rate of unemployment likely can find a job in one of the more than 200 … [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...]
2012 Basic Allowance for Subsistence (BAS)
Basic Allowance for Subsistence (BAS) is meant to offset costs for a member's meals. BAS entitlement continues for service members while hospitalized. This allowance is based in the historic origins of the military in which the military provided room and board (or rations) as part of a member's pay. This allowance is not intended to offset the costs of meals for family members. … [Read more...]