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Thursday, May 5, 2011

House of Representatives Considers Military Benefits for 2012

On the military benefits front, this week the House of Representatives considered two significant issues for military families and retirees.

The first was a proposed 1.6% military pay increase. This is 0.2% larger than last year's increase, and suggests that Congress understands that the seeds of inflation have been planted through Federal Reserve policies to increase the money supply.

The second was a proposal to freeze Tricare Prime enrollment and other fees for working age military retirees for 2012. This is a very big deal since the Department of Defense has been trying to increase the enrollment fee for this group for years. All military members should thank the veterans groups that do such a great job protecting our benefits, and should consider sending a note to their representatives in Congress requesting their support for this benefit.

Source: Stars and Stripes

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