31 October 2011 Military Report

Each week, the team at Military.com puts together a snapshot of the most important news in military benefits.  This is called the Military Report.  I highlight the financial news here, but there is also education, medical, housing, retirement, and other benefit news available in the full report.

AF Captain Promotions – The Air Force has announced that the 2011C Captain Line of Air Force Central Selection Board recently selected 3,009 first lieutenants for promotion to the next higher rank. More…

Air Force Reenlistment Bonuses – Enlisted Airmen will now have 78 Air Force specialties from which they can receive a selective reenlistment bonus. More…

Army Scam Warning – Special agents from the U.S. Army CID are once again warning the American public, to be extra vigilant and not to fall prey to Internet scams or impersonation fraud. More…

B&Bs for Vets – Innkeepers want to say thank you to those who have served their country by inviting veterans to wake up on Veterans’ Day in a Bed and Breakfast (B&B). More…

Ballet Tickets for Military Families – Members of the U.S. military save up to $12.50 per ticket on the Moscow Ballet’s performance of The Nutcracker by presenting their military ID. More…

College Credit for Military Experience – Applying your military experience credits could save you as much as $600 and 5 months on a typical 3-credit college course. More…

College Credit for SeaBees – The American Council on Education (ACE) released newly updated college credits for Seabee ratings following a review of the career paths for each rating at the Center for Seabee and Facilities Engineering (CSFE). More…

Free Veterans’ Day Admissions in Kentucky – Several Kentucky State Park museums will be offering free admission to veterans and current members of the military on Veterans Day, Nov. 11. More…

Grant to Employ Homeless Veterans – The Denver Department of Human Services has awarded a grant of $100,000 to assist low-income and homeless veterans with employment services. More…

Guide Available at VA – The Sanford Guide Web Edition, an online reference guide for treating infectious diseases, will soon be available at all VA Medical Centers in the U.S. and Puerto Rico. More…

Hotels Offer Vet Day Discounts – Red Roof Inn is saluting our nation’s servicemembers and veterans with a special 15 percent discount for the entire month of November, as well as an additional 11 percent off when you stay on Veterans Day. More…

Joining Forces = Spouse Jobs – Some 270 companies have committed to hiring 25,000 military spouses and veterans in the next two years. More…

No Tuition Assistance Cuts in 2012 – DoD will not reduce their Tuition Assistance payment rates. More…

Proposed Retirement Changes Draw Fire – Leaders are voicing their opposition to the proposed changes to the military retirement system. More…

Rec Fees Waived on Veterans Day – The U.S. Army Corps of Engineers will waive day-use fees for veterans, active and reserve servicemembers, and their families at the more than 2,400 Corps-operated recreation areas nationwide on Veterans Day.More…

Retirement eStatements Begin – Beginning Nov. 1, every military retiree can receive a monthly electronic statement known as an eRAS using myPay. More…

State Veteran’s Benefits Directory – The following is a list of links to the websites for each of the individual states that offer veterans benefits. More…

Understand Your Military Pay – With basic pay and 70 types of special pays and allowances, including BAH, military pay is customized to your situation — keep up with the latest pay updates. More…

VA Refinance for Lower Interest – A VA refinance loan can provide eligible borrowers up to 100% loan-to-value and the backing of the U.S. Department of Veterans Affairs. More…

Have a great week!

 

About the Author

Kate Horrell
Kate Horrell is a military financial coach, mom of four teens, and Navy spouse. She has a background in taxes and mortgage banking, and a trove of experience helping other military families with their money. Follow her on twitter @realKateHorrell.