If you are in the National Guard or the Reserve, you earn points toward retirement while serving part-time and when called to active service. You qualify for military retirement as a member of a Reserve Component once you have reached 20 creditable years of military service. What does it take to make it to retirement… Read more »
What military benefits are offered during basic training? If you are a new recruit and you’re wondering what to expect when you arrive in the training environment, keep reading. There are many benefits to be aware of. What follows are the benefits most commonly asked about–not all of those listed are accessible during initial training,… Read more »
What is Continuation Pay in the Blended Retirement System? One of the key features of the “new” Blended Retirement System (BRS) is a feature called continuation pay. In short, continuation pay is a bonus-like payment given mid-career, for those enrolled in the BRS, in exchange for adding more years to their service. BRS Broken Down… Read more »
Banks and Credit Unions That Make Early Deposits for Active Duty Military As a standard rule, service members know their bi-weekly salary will get paid out on the 1st and 15th of every month. For instances when that date falls on a weekend, the pay gets moved to the closest weekday instead. However, there are… Read more »
The Pentagon’s budget proposal could net military service members a 4.6% pay raise, the highest increase since 2007.
There will be an app that is coming out in mid-2022, that will make access to the TSP platform even easier. Also, there will be new tools such as a virtual assistant and virtual chat. There will also be a mutual fund window opening for the TSP. Learn more.
Military Benefits Questions Answered by VEP The Mission of the Veterans Education Project is to address the current issues that student veterans and service members face every day. They do this by reaching out to the veteran community, advocating for veterans with policy makers, and bringing every possible resource into the fight to support our… Read more »
As a provision of a new law, the Basic Needs Allowance will provide assistance to low-income military members with dependents.
The Military Pay Charts for 2022. According to federal law, military pay increases are to mirror private-sector wage growth as stated by the Employment Cost Index (ECI). Find military pay for 2022 in our handy military pay charts.
A bipartisan push in Congress could provide nearly 42,000 combat-injured veterans with expanded retirement benefits. They would be eligible to receive both disability compensation and retired pay. The bill, if passed, would allow disabled veterans who were medically retired before serving 20 years to receive their full military benefits.