Reminder to Graduating Residents – You are Now Eligible for GMO Incentive Pay
Congratulations to those who graduated residency. Medical Corps officers who complete initial residency on active duty are eligible for the General Medical Officer (GMO) Incentive Pay (IP) the day after completing residency. For those who complete residency while not on active duty (NADDS), they are eligible on they day they report to their permanent command.
This means you need to go to your Special Pays coordinator, if you haven’t already, and apply for the GMO IP. It increases you from a residency IP of $8,000 per year to the GMO IP of $20,000 per year.
Finance Friday Articles
- Despite all the nay-saying, 60/40 is here to stay
- For Safety’s Sake
- House Defense Bill Advances 5.2-Percent Basic Pay Raise
- How to Spend More in Retirement
- Senators back 5.2% pay raise for troops, but not other salary boosts
- Spending Tip: Don’t
- The Moderate-Income Physician
- Thrift Savings Plan: Taking the Good with the Bad
- What the rapid rise in rates could mean for investors
Navy Representative to AMSUS (Society for Federal Health Professionals) – O5/O6 in NCR
BUMED is seeking an officer (0-5/0-6) to serve as programmatic lead for the Navy and Marine Corps to oversee, organize, and support the 2024 AMSUS Annual Meeting, February 12-15 at National Harbor, Maryland.
Duties include attending virtual meetings with AMSUS, fellow services, DHA, USU, etc., working with the SG’s Office on the plenary and breakout presentations, and assisting with award and poster session submissions.
If interested and have questions, please get in touch with CAPT Mark Herwitz (incumbent, contact in the global).
Department of Defense Approves Policy to Reimburse Pet Expenses Due to a Permanent Change of Station
The Department of Defense has approved a new policy to cover pet travel expenses, like pet shipping or quarantine fees, incurred by Service members during a Permanent Change of Station (PCS). As of January 1, 2024, military Service members going through a PCS within the continental United States can be reimbursed up to $550 for one household pet, either cat or dog, and up to $2,000 for moves to or from a location outside the continental United States to cover costs related to the transportation of a pet.
The Services estimate that this new allowance may be used by an estimated 227,000 Service members. Historically, Service members paid the majority of out-of-pocket expenses to transport pets when assigned to a new duty station. This policy reduces that financial burden while recognizing the important role a pet plays in a military family’s household.
2023 MHS Award for the Advancement of Women Physicians in Military Medicine (AAWPMM)
Nomination packages are being solicited for the AAWPMM. This award honors outstanding physicians who have made significant contributions to the advocacy of female physicians whose behavior, example, or success can be emulated by others, especially by younger female physicians. One junior leader (O3-O4) and one senior leader (O5-O6) per Service will be selected.
Packages will include: a letter of recommendation from the nominee’s CO, nomination form, and CV (limited to 3 pages), and must be submitted as ONE single pdf. Send completed packages to LCDR Laura Barrett at Laura dot Barrett < at > usuhs dot edu by 15 Aug 2023.
Joel Schofer's Career Planning Blog 