How does Reserve pay work? If you’re considering a career as a Reservist, understanding the factors that determine your monthly earnings for drill weekends and mobilization to serve on active duty is important. Reserve pay functions like active duty pay in some respects but is quite different than others. Knowing the difference is huge, especially […]
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These are the current payment tables for aviation bonus, aviation incentive pay and critical skill incentive pay programs, according to the most recent updates. Eligible active-duty and reserve component officers may receive aviation incentive pay and aviation bonuses for continued service. Eligible regular and reserve component enlisted service members may receive critical skill incentive pay […]
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Welcome to Military Saves Week 2019! Money is often the most common source of stress, but managing your military pay shouldn’t be stressful. The military has you covered when it comes to helping manage money and finances. They are sure to offer classes and counseling about budgeting, saving, and paying bills, which can get overwhelming […]
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There are many reasons why a military member’s pay might be subject to garnishment. An attempt to collect an unpaid commercial debt is one, an attempt to collect alimony or child support is another. There is some confusion over the issue of military pay garnishment and if you don’t know your rights and responsibilities this […]
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Should you take drill pay or VA compensation? This is an important question for many veterans and while some may wonder if this applies to them while serving on active duty (see below), those it affects have choices to make depending on what makes the most sense to the individual. Before we examine the issues […]
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This table provides a listing of military ranks by pay grade and branch of Military Service: Air Force, Army, Coast Guard, Marine Corps, Navy. While pay grades are administrative classifications used primarily to standardize compensation across the military services, ranks indicate a level of responsibility (for personnel, equipment, and mission) which grows with each increase […]
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When it comes to military finance, there are several different ways to get paid as a uniformed service member. You’ll receive your basic pay–the very minimum you earn while serving–but also you will be eligible throughout your military career for advance pay, special pay, and bonuses. While many service members may draw all of the […]
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Military pay allowances are perhaps the second most important element of military pay behind basic pay. Service members receive allowances for specific needs such as food or housing when the federal government does not provide them. The good news is that most military allowances are not taxable. Military Allowances Basic Allowance for Housing (BAH) The […]
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Military pay grades versus military rank can be a confusing issue for those unfamiliar with military culture. What is the difference between rank and grade, and why aren’t they basically considered the same thing? In some cases there may seem to be no difference at all, but in others the distinction is clear. What Is […]
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Many military friendly banks and credit unions offer early military pay direct deposit by as much as three days. Here are the banks and their early pay calendars for active duty and retired military pay. Early Military Deposit Pay Calendars Armed Forces Bank Early Pay Dates Early pay is a free, automatic direct deposit service […]
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