Finance Friday Articles
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- Retirement, Mega Roth Provisions Dropped from Reconciliation Bill
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- The 10 Most Dangerous Words in Investing
- What to Do When You Overfund Your 529 Plan
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Are LT Medical Corps Fitreps Important? TL:DR = Yes
Someone recently e-mailed me because they were having problems convincing their LTs that their fitreps mattered. Trust me, they matter.
The most important reason that they matter is because of changes made in the 2020 National Defense Authorization Act. Prior to NDAA 20, the Navy was allowed to promote to O4 with an all fully qualified standard. In other words, the promotion opportunity was 100%. Here is a history of the O4 promotion opportunity:
| FY10 | FY11 | FY12 | FY13 | FY14 | FY15 | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | |
| O4 | 100% | 100% | 100% | 100% | 100% | 100% | 100% | 100% | 100% | 100% | 100% | 100% | 95% |
As you can see, the opportunity decreased from 100% to 95% in FY22.
This means that it got a little bit harder to promote to O4, and a little more competitive. In other words, your fitreps as an O3 matter.