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.
NDAA 2022: Defense Budget Proposal and 2021 Updates The White House has requested almost $270 billion for the Department of Veterans Affairs budget for 2022. This is a 10% increase from 2021. This does include a discretionary budget request of $117.2 billion with medical care collections, and a mandatory funding request of $152.7 billion. **… Read more »
For the last 2 years, service members have enjoyed pay raises of at least 3%. However, it is becoming apparent that troops should not count on a similar military pay raise in 2022.
Payback Deadline for Deferred Social Security Tax Extended With the passing of the Consolidated Appropriations Act of 2021 just last week, the major change affecting service members, federal employees, and their families is the extension for repayment of deferred payroll taxes. Effective September 1, 2020, through a presidential order, military and federal employees’ paychecks presented… Read more »
Military and veterans’ benefits changes that have been announced for 2021 for TRICARE, military pay, BAH, BAS, COLA, Social Security, TSP and more!
DFAS myPay The United States Military works hard to ensure that the individuals that make up its branches are provided for in all areas of life such as housing, healthcare, and finances. The Defense Finance and Accounting Service (DFAS) is an agency of the United States Department of Defense (DOD), headquartered in Indianapolis, Indiana. DFAS… Read more »