10 May 2010 Military Report

From this week’s Military.com Military Report, useful financial news:

End of Big Annual Pay Raises? – A Senate subcommittee heard testimony that Congress should end its 12-year run of annual military pay raises that exceed wage growth in the private sector. More…

FSGLI Premiums to Drop in July – The VA announced that military personnel insuring their families under the Servicemembers’ Group Life Insurance program will have reduced out-of-pocket expenses beginning July 1. More…

Flood Claim Assistance for Sailors – Military members and their families who suffered loss of damage to personal property due to Naval Support Activity Mid-South region flooding in Millington, Tenn., may be able to file a claim with the Navy. More…

Fry Scholarship Established – Children of military personnel who died in the line of duty since Sept. 11, 2001, can apply for a non-competitive educational scholarship based on the new Post-9/11 GI Bill. More…

Hearing on Rural Program – The House Veterans’ Affairs Health Subcommittee recently held a hearing to assess the progress of the Department of Veterans Affairs (VA) in implementing an enhanced contract health care pilot program for veterans living in rural areas. More…

High-Tech Job Training for Cal Vets – PG&E’s new job training program assists recently separated veterans compete for high pay, high-demand careers in the utility industry. More…

Learn How to Translate Your Military Skills Into a Civilian Resume – Writing a resume is never an easy task, especially when you are transitioning from the military to civilian life and jobs. More…

Military Family Lifestyle Survey – Make your voice heard by taking the 2010 Military Family Lifestyle Survey and get the chance to win $300 just for taking the survey. More…

Navy Mutual Offers $1M Dollars of Coverage – Did you know Navy Mutual now offers up to $1 million of coverage? They understand servicemember needs and provide the coverage levels that meet those needs. More…

Own Your Own Sears Store – Military veterans have the opportunity to win a Sears Hometown Store. More…

Space-A Flights – If it is time for a trip home, but the price of airfare makes it impossible, there is another option: Space-A flights. More…

TRICARE Podcasts Available – The TRICARE Beneficiary Bulletin podcast gives beneficiaries the latest in TRICARE news and updates every week. More…

TRICARE to Host Career Fair – TRICARE Management Activity (TMA) will host its first-ever career fair May 21, 2010 from 9 a.m. to 5 p.m. at The Westin Tyson Corner, Falls Church, Va. More…

VA Home Loan Still a Good Option in a Bad Economy – More servicemembers and veterans are using their Department of Veterans Affairs (VA) home loan guaranty benefit, as VA’s loan program remains a strong option in today’s housing market. More…

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.