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GI Bill education transfer incurs 4 years for all Airmen
When initially implemented, the Post-9/11 GI Bill education transfer program was phased in to enable Airmen nearing retirement to accept a 1-, 2-, or 3-year active-duty service commitment. That phase-in period expired July 31, 2012 and all active-duty Airmen now incur a 4-year ADSC, said Bruce Houseman, Air Force Personnel Center education services and benefits [...]
Increase in Social Security withholding will little affect Soldier pay
This year, Soldiers and most civilians will see an increase in the amount of their pay withheld for Social Security. The withholding has increased from 4.2 percent to 6.2 percent. The change comes with the expiration in legislation that was passed in 2010. Back then, that legislation actually decreased the withholding from 6.2 percent to [...]
Defense Authorization Act boosts pay, requires special training
President Barack Obama signed the National Defense Authorization Act for fiscal year 2013 into law, Jan. 2. Among other things, the act authorizes a 1.7-percent increase in Soldier pay, effective Jan. 1, as well as funds for Army procurement, operations, maintenance, and research and development for both the generating force as well as for the [...]
Fiscal cliff legislation affects military, civilian paychecks
The legislation President Barack Obama signed Jan. 2 postponed the fiscal cliff and means changes to military and civilian paychecks, Defense Finance and Accounting Service officials said today. The legislation increases Social Security withholding taxes to 6.2 percent. For the past two years during the “tax holiday” the rate was 4.2 percent. The increase in [...]
DOD prepares for potential sequestration
The Office of Management and Budget has instructed the Department of Defense to pursue internal planning to meet required budget cuts if sequestration goes into effect Jan. 3. “We are at the very start of this process,” said Dr. George Little, acting assistant secretary of defense for public affairs, during a Pentagon press availability here, [...]
Airforce top engineers give tips on saving energy, money
Summer is officially under way. While it means fun in the sun for Airmen and their families, it can be an expensive, wasteful time of year for the Air Force. Utility bills on installations often rise drastically as air conditioning units and sprinkler systems work to keep up. The Air Force spends more than $1 [...]
Why the Pentagon Wastes Money and How to Fix the Problem
The U.S. defense budget is challenged perhaps as never before in modern times from without and within. The 2010 bipartisan Budget Control Act (BCA) imposed minimum reductions of some $480 billion over the next ten years. There is also the possibility of an additional cut in defense spending of around $500 billion over the same [...]
Australia delays fighter jet project to save money
Australia said Thursday it will delay its order of 12 F-35 Joint Strike Fighter (JSF) jets by two years to save money in an aggressive drive to return the budget to surplus. The move is a setback to defence contractor Lockheed Martin, which has struggled with delays and cost blowouts on the project, with the [...]
Australian pleads guilty in US to Afghan corruption
An Australian national pleaded guilty in a federal court in the US capital to accepting bribes for steering US-funded contracts in Afghanistan, the US Department of Justice said. Neil Campbell, 61, a native of Queensland, Australia, pleaded guilty to one count of accepting a $10,000 bribe as an agent of an organization receiving federal funds, [...]
