With all the different things that are happening in our world today and COVID taking us all by storm, some people may be feeling it harder than others. Many people may be suffering internally and we don’t even know it. There are resources out there that can help. Military OneSource, both a call center and […]
Category: Benefits
Thrift Savings Plan (TSP)
Benefit Fact Sheet Summary The Thrift Savings Plan (TSP) is a Federal Government-sponsored retirement savings and investment plan. It offers the same type of savings and tax benefits that many private corporations offer their employees under “401(k)” plans. Blended Retirement System (BRS) Members of the Uniformed Services If you are a member of the uniformed services […]
BAH Rates for 2020 (Calculator)
Basic Allowance for Housing (BAH) is a U.S.-based allowance that provides uniformed Service members equitable housing compensation based on housing costs in local housing markets when government quarters are not provided. A Service member stationed overseas, who does not have government housing available, is eligible for Overseas Housing Allowance (OHA). Approximately $21 billion is paid […]
Continuation Pay
Service members enrolled in the Blended Retirement System (BRS) may be eligible to receive a one-time, mid-career bonus payment in exchange for an agreement to perform additional obligated service. This one-time bonus payment is in addition to any other career field-specific incentives or retention bonuses. Continuation pay is a direct cash payout, like a bonus, […]