Among the benefits that come with military service, military retirement pay is often at the top of the list. Even better, military retirements enjoy protection from inflation through annual Cost of Living Adjustments (COLAs). Let’s look at what makes up military retirement pay. Then we’ll cover why it’s important, and how to make the most
Military pay is a critical aspect of compensation for service members. However, understanding military pay can be daunting and feel overcomplicated. We’re breaking down military pay and the different factors that make up total compensation for service members. What’s Included In Military Pay? At the core of military compensation is basic pay, which serves as
SPONSORED BY NAVY MUTUAL It’s easy not to think too much about life insurance when you are in the military since your coverage is automatic. In fact, the military ensures that all servicemembers are covered from day one – with $500,000 of Servicemembers’ Group Life Insurance Coverage (SGLI) and up to $100,000 in Traumatic Injury Protection
SPONSORED BY NAVY MUTUAL No matter how far off your military retirement is, there are programs and benefits you can learn about now and actions you can take that will make your life easier when it does come time to separate. Preparing for retirement head on and with a plan is one of the most
SPONSORED BY NAVY MUTUAL Upon joining the military, a servicemember is automatically provided with $500,000 of Servicemembers’ Group Life Insurance (SGLI) coverage unless they opt out of the program or decide to decrease their coverage amount. This provides peace of mind to their loved ones, ensuring that they would be taken care of should anything
