Category Archives: Money

Retirees will get no COLA yet again in 2011

For the second year in a row, there will be no cost-of-living adjustment in military and federal civilian retired pay, nor in veterans’ disability and survivor benefits, in 2011.

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Pay mistakes for airmen on combat deployments

If you deployed to a combat zone in the last three years, check your pay stubs for the time you were gone: There’s at least a one-in-four chance that you either got shorted or got too much.

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Lawmaker seeks to extend stop-loss pay deadline

A lawmaker who helped create the $500 a month retroactive stop-loss allowance is now trying to extend an Oct. 21 deadline for service members and veterans to apply for the benefit.

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Fannie Mae offers aid to military families

WASHINGTON — Mortgage giant Fannie Mae plans to give military families a break on their home loan payments if they are struggling because of the death or injury of a service member. The Washington-based company says it will reduce or … Continue reading

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TSP prepares for launch of Roth option

The board governing the Thrift Savings Plan is setting aside funds to make major changes as it launches a new Roth option, as early as January 2012.

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Obama urges troops to apply for stop-loss pay

With less than half of eligible service members and veterans claiming special payments for time that they served under “stop loss” orders, and the application deadline fast approaching, President Obama himself is urging troops to take advantage of the offer. … Continue reading

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Fiscal 2011 per diem rates drop in many areas

Employees traveling on federal business to many popular destinations will get smaller reimbursements for hotel expenses as of Oct. 1.

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Glitch may have doublecharged AAFES customers

Customers who swiped their credit cards or debit cards at an Army and Air Force Exchange Service store anytime between Aug. 7 and Aug. 9 may have been charged twice for the same transaction.

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DoD to troops: Tell buddies about stop-loss pay

With an Oct. 21 deadline approaching to apply for a $500 monthly stop-loss allowance, the Defense Department appears to have exhausted most conventional means of trying to contact eligible veterans and is now asking current service members to get involved … Continue reading

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Lawmakers: VA accounting system deserves an F

Incredulous lawmakers sat steaming as government auditors gave the Veterans Affairs Department a “B” grade on efforts to correct an accounting system that has almost twice as many unexplained charges today as it did two years ago.

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