Military Pay Archive

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Hardship Duty Pay

Hardship duty pay is is additional compensation paid to servicemembers assigned to locations where living conditions are substantially below those conditions in the continental U.S. (CONUS). The following is a summary of HDP: Hardship Duty Pay-Location Specifics Hardship Duty Pay-Mission Hardship Duty Pay - Involuntary Extension Military Hardship Duty Pay-Location HDP-L is compensation paid to members assigned outside... more

VA Fiduciary Program

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VA's Fiduciary Program was established to protect Veterans and other beneficiaries who, due to injury, disease, or due to age, are unable to manage their financial affairs. VA will only determine an individual to be unable to manage his or her financial affairs after receipt of medical documentation or if a court of competent jurisdiction has already made the determination. Upon determining a beneficiary is unable to manage his or her financi... more

Waiver of Retired Pay

Under certain circumstances a military retiree may choose to waive part or all of their military retirement pay. A waiver is the relinquishment of all or a portion of one benefit to qualify for another benefit. Veterans frequently waive only so much of their retired pay as is equal to the amount of VA disability compensation to which they are entitled. Since this compensation is not taxable but retired pay from the Armed Forces based on age or... more

Thrift Savings Plan

The Thrift Savings Plan (TSP) is a Federal Government-sponsored retirement savings and investment plan. Congress established the TSP in the Federal Employees' Retirement System Act of 1986. The purpose of the TSP is to provide retirement income. The TSP is a defined contribution plan. The retirement income that you receive from your TSP account will depend on how much you have contributed to your account during your working years and the earn... more

The Military Retirement System

If you are considering making the military a career — or you have already made that decision, and just want to know more about your benefits — then this will be of special interest to you. This feature article is the first of a two-part report looking at the current Military Retirement Systems and the choices facing most today's active duty members. The following is a summary of what you need to know regarding Military Retirement Systems: ... more

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