JANUARY 24, 2019 - For those serving as traditional Reserve Soldiers in the Army Reserve, receiving that 20-year retirement letter can feel like winning the lottery. But did you know that just because you have that golden ticket doesn’t mean you will automatically start receiving retirement pay when you turn 60? There are requirements that you must meet in order to start … [Read more...]
Defense Department Successfully Closes Blended Retirement System Opt-In Window
JANUARY 15, 2019 - The Blended Retirement System opt-in enrollment period closed at midnight on Dec. 31, 2018, capping off the successful roll-out of a new retirement system for members of the uniformed services. More than 400,000 DOD service members chose to opt into BRS during the enrollment period, and more than 150,000 new members were automatically enrolled upon entering … [Read more...]
Blended Retirement System Opt In Ends December 31st
SEPTEMBER 21, 2018, Tyndall Air Force Base, FL - The ability to opt-in to the Blended Retirement System (BRS) ends Dec. 31, 2018. All service members who entered the military on or after Jan. 1, 2018, were automatically enrolled in the BRS. All service members who joined the military on or before Dec. 31, 2017, were automatically placed in the legacy retirement system. For … [Read more...]
New Bonuses To Keep Quality Marines
JULY 30, 2018, Camp Pendleton, CA - The Marine Corps is spending $136 million in reenlistment bonuses and other incentives to help retain Marines for multiple military occupational specialties (MOS) during fiscal year 2019. Marines in certain MOS’s may be eligible for an early re-enlistment kicker, which is a $10,000 lump sum paid to a Marine in addition to his/her MOS’s … [Read more...]
Eligible Veterans Can Seek Refund for Taxes on Disability Severance Payment
JULY 17, 2018 - The Defense Department has identified more than 130,000 veterans who may be eligible for a refund for taxes paid on their disability severance payment, a DoD tax expert said. Army Lt. Col. David Dulaney, the executive director for the Armed Forces Tax Council, said the department began mailing notices to veterans July 9. The deadline to file for the refund … [Read more...]