From the category archives:

Benefits

Military Pay Raises May be Lower in the Next Few Years

Military Times reports that military pay raises might be lower in the near future compared to the last few years because the gap between military and civilian pay is closing. This article was written based on a Congressional report released Friday by the Congressional Budget Office, which is a nonpartisan analytical group within Congress. The [...]

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Legislation Proposed to Enhance GI Bill, VA Home Loans, and Small Business Loans for Veterans

Legislation was recently introduced in the Senate by Sen. Hillary Rodham Clinton, (D-NY). The proposed legislation will enhance GI Bill benefits, VA Home Loans, and Small Business Loans for Veterans. Proposed Enhancements: GI Bill: The proposed new version of the GI Bill would eliminate the requirement to pay into the system, and would only require [...]

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Servicemembers Civil Relief Act – Military Members Can Receive Reduced Interest Rates

In 2003, President Bush signed into law the Servicemembers Civil Relief Act (SCRA). The SCRA further clarified and solidified the Soldiers and Sailors Civil Relief Act (SSCRA) which benefits active duty military members and was signed into law in 1940. There are many benefits that servicemembers can receive as under this law. 6% cap on [...]

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Military Veterans Educational Benefits

Military veterans have a plethora of educational benefits available to them. Often times, you just need to know where to look to find the information (and money!) you need. Here are some of the options available to you: Montgomery GI Bill (MGIB) The 2008 GI Bill rates go into effect on October 1, 2007. The [...]

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DoD to Offer Full Replacement Value for Personal Property

The Department of Defense has announced that they will begin full replacement value for items lost, damaged, or stolen during PCS moves. The program will be phased in starting October 1, 2007, and will eventually cover all personal goods shipments to and from international destinations, within the continental US, and non-temporary storage. This is a [...]

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Military Retirement Pay No Longer Capped

The National Defense Authorization Act for Fiscal Year 2007 lifted the cap for military retirement pay. Previously, retirement pay was limited to 75% of the base pay for 30 years of service. Anyone who served more than 30 years did not receive any additional compensation. Military members who retire under the Final Pay or High [...]

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Want to Buy a House or Own A Business? Join the Army

The Army is having a difficult time recruiting enough troops to meet mission needs. The war in Iraq and Afghanistan is making it difficult to not only keep good troops, but also to recruit new troops. To help combat these problems, the Army is offering new recruitment incentives to help recruits accrue up to $45,000 [...]

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Will Veterans Disability Benefits to be Overhauled?

The Problem: There has been a lot of talk recently about the quality of care that wounded veteran’s are receiving upon their return from the war front. There are also many veterans who feel they are either not getting the care they deserve, or are not getting a military disability rating they feel they qualify [...]

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GI Bill Time Limit to be Eliminated?

Senator Maria Cantwell (D-WA) recently introduced the GI Bill For Life Act, which would eliminate the expiration date for veterans to use their Montgomery GI Bill (MGIB) benefits. A similar piece of legislation is set to be proposed to the House by House Armed Services Committee member Rep. Rick Larsen (D-WA). Currently, eligible veterans have [...]

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Pentagon Moves to Streamline Specialized Military Pay and Bonuses

The Pentagon recently put forth a plan to streamline the more than 60 different specialized pay categories into 8 different groups. The House of Representatives supports this initiative which should maintain current specialty pay levels through FY 2008. Changes may be seen in FY 2009, but some of those changes may be for the better [...]

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DoD Enhances GI Bill Eligibility For Guard and Reservists

The DoD announced a policy change in the Montgomery G.I. Bill that increases the eligibility window for some Reservists. The new policy will align with the Department of Veterans Affairs rules, which allow National Guard and Reservists to receive MGIB education benefits for the amount of time they were called to active duty, plus four [...]

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