Finance Friday Articles
- 4 Financial Strategies for Your Next Military Move
- 2023’s Best & Worst States for Military Retirees
- How to react to the proposed debt ceiling deal
- Investment Risks: What You Don’t Know CAN Hurt You
- Losing Value By Trying to Time the Market
- Mortgage Tips & Guidelines
- Skill or Luck?
- They Came. They Saw. They Incinerated Half Their Funds’ Potential Returns.
- Why Down & Sideways Markets are Bullish
Tuition Assistance Policy Update – NAVADMIN and Fact Sheet
Here’s the portion of the Fact Sheet that is most relevant to this audience since it makes officers eligible:
“Officers with eight years of prior enlisted service may use TA/NCPACE upon commissioning. All other officers
become eligible upon promotion to O-3.”
Although, as far as I understand it, if you have a doctoral degree, you can’t use TA for a lesser degree, so you can’t use it to get an MBA or other master’s degree.
CLASSIFICATION: UNCLASSIFIED// ROUTINE R 151906Z MAY 23 MID600053021716U FM CNO WASHINGTON DC TO NAVADMIN INFO CNO WASHINGTON DC BT UNCLAS NAVADMIN 112/23 MSGID/GENADMIN/CNO WASHINGTON DC/N1/MAY// SUBJ/TUITION ASSISTANCE UPDATE TWO// REF/A/MSG/CNO WASHINGTON DC/281919ZSEP21// AMPN/REF A IS NAVADMIN 214/21, TUITION ASSISTANCE POLICY UPDATE.// RMKS/1. This NAVADMIN updates Tuition Assistance (TA) and Navy College Program for Afloat College Education (NCPACE) management controls announced in reference (a) and provides guidance on Sailor enrollment with the U.S. Naval Community College (USNCC). All prior controls not altered by this NAVADMIN remain in place. 2. The following management controls update reference (a) and are effective for all TA and NCPACE courses approved after the release of this NAVADMIN: a. Active Duty and Training and Administration of Reserve enlisted Sailors with less than 16 years of Active service must have at least 6 months remaining from the course start date until their end of active obligated service or as extended. b. Enlisted reservists must be on Active Duty orders and must have at least 6 months remaining from the course start date until the end date of their orders. c. All TA or NCPACE funded courses must be completed while the member is on Active Duty. d. Sailors may be enrolled in up to a maximum of two concurrent courses. Required laboratory courses with unique course identification numbers are exempt from this limit. The two course limit in line with fiscal quarter announced in reference (a) is rescinded. e. Officers with a minimum of 8 years of prior enlisted Active Duty service (Army, Navy, Marine, Air Force, Coast Guard) including limited duty officers (LDO) and chief warrant officers (CWO) are eligible to use TA or NCPACE at all officer ranks. All other officers become eligible upon promotion to O3. f. Sailors may submit applications in the MyNavy Education portal (https://myeducation.netc.navy.mil/) between 7 and 120 days prior to the term start date. (1) Command Approval and application forwarding must occur at least seven days prior to the term start date. (2) It is the Sailor's responsibility to ensure timely submission and command approval of TA and NCPACE applications. (3) After command approval, vouchers may be authorized and funded by Naval Education and Training Professional Development Center (NETPDC), subject to funding availability. (4) Sailors must not begin a TA or NCPACE course prior to receiving an authorized and funded voucher. 3. The USNCC provides naval-relevant associate's degrees in Military Studies, Nuclear Engineering Technology, General Studies with Computer Studies Specialization, Cybersecurity and Information Assurance, Organizational Leadership, Aviation Maintenance, Data Analytics, Uncrewed Systems, and Logistics with a Maritime Focus. Interested Sailors should visit https://www.usncc.edu/ to learn more. 4. Policies pertaining to TA or NCPACE eligible Sailors with approved degree plans who also participate in USNCC courses: a. TA or NCPACE course terms shall not overlap with USNCC course terms. Command approvers must verify. b. TA or NCPACE courses that transfer to USNCC will count toward the 120 semester hour career cap on TA and NCPACE. c. Courses funded by USNCC do not count toward the 120 semester hour career cap on TA and NCPACE. 5. For questions regarding TA or NCPACE eligibility, degree plans or other education funding options, contact the Navy College Virtual Education Center (NCVEC) at 1-833-330-MNCC (6622). Choose Option 3 "Education and Training", then Option 1 "NCVEC." Sailors may also submit an inquiry via the issue tracker feature in the MyNavy Education portal (https://myeducation.netc.navy.mil/), located on the top right of their record. 6. For questions concerning TA or NCPACE policy, contact Mr. Jim Johnson at (703)604-5256/DSN 664 or via e-mail at james.p.johnson.civ@us.navy.mil. 7. This NAVADMIN will remain in effect until superseded or canceled, whichever occurs first. 8. Released by Vice Admiral Richard J. Cheeseman, Jr., N1.// BT #0001 NNNN CLASSIFICATION: UNCLASSIFIED//
Navy Releases ’24 Continuation Pay Rates
CLASSIFICATION: UNCLASSIFIED// ROUTINE R 191321Z MAY 23 MID120000102769U FM CNO WASHINGTON DC TO NAVADMIN INFO CNO WASHINGTON DC BT UNCLAS NAVADMIN 118/23 PASS TO OFFICE CODES: FM CNO WASHINGTON DC//N1// INFO CNO WASHINGTON DC//N1// MSGID/GENADMIN/CNO WASHINGTON DC/N1/MAY// SUBJ/BLENDED RETIREMENT SYSTEM CALENDAR YEAR 2024 CONTINUATION PAY RATES// REF/A/DOC/NDAA/25NOV15// REF/B/DOC/NDAA/23DEC16// REF/C/MSG/CNO WASHINGTON DC/271444ZSEP16// REF/D/DOC/COMNAVPERSCOM/22FEB20// NARR/REF A IS SECTIONS 631 THROUGH 635 OF NATIONAL DEFENSE AUTHORIZATION ACT FOR FISCAL YEAR 2016, SUBTITLE D - DISABILITY PAY, RETIRED PAY, AND SURVIVOR BENEFITS. REF B IS SECTIONS 631 THROUGH 633 OF NATIONAL DEFENSE AUTHORIZATION ACT FOR FISCAL YEAR 2017, SUBTITLE D - DISABILITY PAY, RETIRED PAY, AND SURVIVOR BENEFITS. REF C IS NAVADMIN 217/16, ANNOUNCEMENT OF THE BLENDED RETIREMENT SYSTEM FOR THE UNIFORMED SERVICES. REF D IS THE MILITARY PERSONNEL MANUAL ARTICLE 1810-081, CONTINUATION PAY FOR MEMBERS ENROLLED IN THE BLENDED RETIREMENT SYSTEM.// RMKS/1. This NAVADMIN announces the Blended Retirement System (BRS) mid- career continuation pay (CP) rates for Calendar Year 2024 (CY- 24). The CY- 24 CP rates are: a. Total CP for Active Component is two and a half times the monthly basic pay for a Service Member of that grade who has reached 12 years of service (YOS). b. Total CP for Training and Administration of the Reserves is two and a half times the monthly basic pay for a Service Member of that grade who has reached 12 YOS. c. Total CP for Selected Reserve is half the monthly basic pay for a Service Member of that grade who has reached 12 YOS. 2. In line with references (a) and (b), Service Members who want to receive the mid-career CP are reminded that they must be enrolled in BRS and request CP before 12 YOS. The CP election is made via Navy Standard Integrated Personnel System (NSIPS) which can be accessed via MyNavy Portal Quick Links. For Service Members who have provided NSIPS with an up-to-date email address, NSIPS will send an email notification of CP eligibility at 11 years 6 months YOS, 11 years 9 months YOS and a final reminder at 11 years 11 months YOS. Service Members who are unable to elect CP through NSIPS may manually elect CP through their command career counselor. CP information to include details on electing CP can be found in references (c) and (d). A copy of the CY-24 CP rate memorandum can be found at https://www.mynavyhr.navy.mil/Support- Services/Culture-Resilience/Family-Readiness/Personal-Financial-Mgmt/. For any other CP issues, Service Members should reach out to MyNavy Career Center at 833-330-MNCC or askmncc.fct@navy.mil. 3. This NAVADMIN will remain in effect until superseded or canceled, whichever occurs first. 4. Released by Vice Admiral Richard J. Cheeseman, Jr., N1.// BT #0001 NNNN CLASSIFICATION: UNCLASSIFIED//
Stop Movement for All PCS and TAD to Guam
CLASSIFICATION: UNCLASSIFIED//
ROUTINE
R 270020Z MAY 23 MID120000140512U
FM CNO WASHINGTON DC
TO NAVADMIN
INFO CNO WASHINGTON DC
BT
UNCLAS
NAVADMIN 128/23
MSGID/NAVADMIN/CNO WASHINGTON DC/N1/MAY//
SUBJ/STOP MOVEMENT FOR PERMANENT CHANGE OF STATION AND TEMPORARY DUTY FOR ALL
NAVY UNIFORMED MEMBERS, CIVILIAN PERSONNEL, AND DEPENDENTS TO GUAM//
REF/A/DOC/COMJRM/23MAY23//
AMPN/REF A IS COMMANDER, JOINT REGION MARIANAS, AUTHORIZED EVACUATION OF
PERSONNEL, DEPENDENTS, AND EMPLOYEES IN DESIGNATED AREAS IMPACTED BY TYPHOON
MAWAR.//
RMKS/1. In line with reference (a), and due to damage as a result of Typhoon
Mawar, a stop movement for all permanent change of station (PCS) moves to
Guam for Navy uniformed members, civilians, and their dependents is in effect
until 30 June 2023.
2. This stop movement order affects all personnel scheduled to report to
commands and activities in Guam as either an ultimate duty station or an
intermediate duty station in conjunction with a PCS move. This notice is not
directed at personnel scheduled for temporary additional duty (TAD) in the
above mentioned area; however, personnel scheduled to report there in a TAD
status over the next 30 days are advised to contact their chain of command to
determine whether they should execute their TAD orders as scheduled.
3. Procedures. Personnel with orders to commands in the affected area who
have not yet detached from their current command are directed to remain in
place at their current command (if this is not possible for OCONUS Sailors,
they should contact their detailer or MyNavy Career Center (MNCC) for further
guidance). Ship and embarked units/staffs who will be getting underway and
therefore cannot retain the Sailor on board should detach the Sailor and
direct the Sailor to report to the beach detachment, or Transient Personnel
Unit (TPU) for temporary duty awaiting further transfer (ACC 330). Members
who have already detached, but have not departed the area of their homeport,
are also directed to report to the nearest beach detachment, or TPU for
temporary duty awaiting further transfer (ACC 330). Members who have
detached from their command (sea or shore) and have commenced travel should
report to the nearest naval installation and contact their detailer or MNCC
for further direction. Detaching commands should make every effort to
contact these members in order to advise them of the contents of this message
and direct them to contact their detailer or MNCC.
Personnel who have additional questions or circumstances that are not
adequately addressed above should contact their detailer or MNCC for further
assistance and or guidance.
4. Naval Education and Training Command (NETC) is coordinating with Navy
Personnel Command (NPC) to hold all students pending and in route to Guam on
station pending further direction.
5. Sailors executing an outbound PCS from Guam may proceed when travel is
available unless awaiting a critical relief for required fact-to-face
turnover (i.e., commanding officer, executive officer, etc.). Please contact
your chain of command for further clarification.
6. Sailors currently stationed in Guam and returning from travel off the
island should return to Guam as scheduled when travel is available.
7. Waivers. Waivers may be granted by Commander, Joint Region Marianas for
compelling cases where the travel is determined to be mission essential,
necessary for humanitarian reasons, and warranted due to extreme hardship.
Waivers are to be done on a case-by-case basis, shall be limited in number,
and will be submitted to:
Mr. Nick Vanderwall
Director, Total Force Manpower and Programs (J1) Joint Region Marianas
E-mail: nikita.g.vanderwall.civ@us.navy.mil
AND
CDR Laura McDonald
Deputy Director, Total Force Management (J1) Joint Region Marianas
E-mail: laura.l.mcdonald.mil@us.navy.mil Requests will contain:
Full name (Service member or Civilian)
Rating/Paygrade
Detaching command
Reporting command to Guam
Number of dependents accompanying member Detailed Reasoning to report to Guam
(i.e. critical for the gaining command during recovery period or will face
major hardship)
8. Information regarding entitlements. The following provides general
information regarding entitlements. However, members are advised that the
impact of this stop movement order on their specific entitlements is highly
dependent on the member's individual circumstances. For questions regarding
entitlements, members should contact MNCC.
a. Per diem. Per diem allowances may be payable to the member in line
with the specific requirements of the Joint Travel Regulations (JTR).
However, if the member has detached the old permanent duty station (PDS) and
remains in the area of the old PDS/homeport, in a temporary duty status, per
diem is generally not payable to the member in line with the JTR. Personnel
who have departed an overseas location and who are placed in a temporary duty
awaiting further transfer (ACC 330) status upon arrival at the CONUS port of
entry are entitled to per diem in line with the JTR.
b. Temporary Lodging Allowance (TLA). Personnel who have detached from
an OCONUS command (or who have not yet detached but have vacated their
permanent residence) and whose departure from the area of their overseas
command is delayed by this message may be authorized payment of TLA in line
with the JTR.
c. BAH. Entitlement to BAH for members affected by this message remains
unchanged from that of any other member under PCS orders. Members continue
to receive BAH at the old PDS rate (except for members who have departed an
overseas location, they will receive BAH-T) while on leave, in transit, or
for periods of temporary duty en route to the ultimate duty station, so long
as they do not occupy government quarters in excess of 30 days. This 30-day
rule does not apply to new accessions, for which BAH stops upon occupation of
government quarters for any duration.
d. Temporary Lodging Expense (TLE). Authorization to receive TLE for
members affected by this message remains unchanged from that of any other
member under PCS orders. TLE is generally authorized for up to fourteen days
if the member has vacated permanent quarters or household goods have been
packed.
e. Receipts/Records Pertaining to Added Expenses.
Reimbursement for certain added expenses members and their dependents might
incur because of this stop movement order are governed by existing law and
regulation. While it may not be possible to fully reimburse every expense,
members are advised to retain all pertinent receipts and records of expenses
in the event some or all of the expenses are found to be reimbursable.
9. For questions regarding information contained within this NAVADMIN,
contact the MNCC contact center at 833-330-MNCC (6622) or askmncc@navy.mil.
10. Released by Vice Admiral Richard J. Cheeseman, Jr., N1.//
BT
#0001
NNNN
CLASSIFICATION: UNCLASSIFIED//
Finance Friday Articles
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- From Maine to Ukraine: A Physician Finds Meaning in a War Zone
- Investing in Turnkey Real Estate
- Long Time Coming – 3 Economic Trends Confounding Investors
- The Liabilities of Success
- The Stock Market is Not a Casino
- The Stock Market Usually Goes Up (But Sometimes it Goes Down)
- Time to Prepare Your Portfolio For a U.S. Government Default?
- Vanguard leaders on the possibility of a U.S. debt default
- What’s the Best Long-Term Investment?
Continuous Medical Corps Symposium: Wednesday, 21 June 1200-1300 EST
The next Continuous Medical Corps Symposium will be on CVs with Dr. Servey from USU. CVs are used for almost all competitive positions and a well written CV shows the selection committee your accomplishments clearly and efficiently. To make the most of this session, please have a copy of your CV ready so that you can make the most of this session.
The session will be recorded and added to the Sharepoint site (once it is completed).
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Microsoft Teams meeting
Join on your computer, mobile app or room device
Click here to join the meeting
Or call in (audio only)
+1 410-874-6747,,48244919# United States, Odenton
Phone Conference ID: 482 449 19#
Find a local number | Reset PIN
If this conference supports dial-in (e.g., shows a commercial number and conference ID), the following DSN numbers may also be used: East DSN 322-874-6747 | West DSN 322-874-6757
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