Stop Loss Compensation

Were you affected by the "Stop Loss" orders since September 11, 2001?  Do you know someone who was?  Good news!  The Department of Defense has organized the program to compensate former and current service members for the time that they served involuntarily, past an end-of-service, resignation or retirement date.  The payment amount is $500 for each month of involuntary service.  Service members are eligible for the payment even if they later decided to extend, re-enlist or withdraw their resignation or retirement.

Officials predict that the hardest part will be getting the word to former service members who may not keep up on current military issues.  If you know someone who might be eligible, be sure to share this information with them, and keep passing it on so that we reach everyone who qualifies.

The complete press release, with links to the appropriate forms, can be found at DefenseLink.

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.