Financial Readiness

Financial Readiness is a crucial component of family readiness. For new military families, this may be their first job with a consistent paycheck. The youthfulness and inexperience of junior service members makes them easy targets for financial predators. Military families tell us they want ongoing financial education and resources. Military families are taxpayers, too, and we know they are concerned about the financial health of the country they serve. The Department of Defense must have the resources to deal with the long-term effects of over tenyears at war on service members, veterans, and their families, as well as the capacity to meet emerging needs as the wars continue.

Our Association supports:

  • the Department of Defense Financial Readiness Campaign
  • the Office of Servicemember Affairs (OSA) within the Consumer Financial Protection Bureau (CFPB) gives military families a voice to express their financial concerns
  • flexible solutions for housing needs at growth installations
  • an increase to the Family Separation Allowance
  • an increase in travel allowances and reimbursement rates to keep pace with out-of-pocket costs associated with PCS moves
  • Flexible Spending Accounts for Uniformed service members

Association Testimonies, Letters + Articles

Letters to Congress

  • February 21, 2013 Letter to State Representative G. Murrell Smith, Jr. (R-67/SC) supporting Property Tax Assessments Bill, H. 3027. This legislation will allow service members and their families to claim a four percent property tax assessment ratio regardless of the owner’s permanent change of station (PCS) orders and any potential rental income. Currently, service members and their families have to pay six percent in property taxes if renting their home in the state of South Carolina due to a PCS move.

Articles

 

Updates