Pentagon considers lifetime access to Exchange system for vets
While Congress might have tinkered with the benefits many former servicemembers will receive when they leave the military beginning in 2018, the dizzying array of calculations, percentages, and investment tools now a part of a veteran’s future nest egg may come with a silver lining.
Potentially tax-free shopping for life.
The 2016 National Defense Authorization Act included significant changes to the military retirement system, including a reduction in retirement pay and matching contributions to a military Thrift Savings Plan. The so-called “blended retirement system” is similar to the kind of portable 401(k) that many civilian workers already have.
But in a separate deal, the Pentagon is set to approve a change to the Army and Air Force Exchange Service that would allow former honorably discharged servicemembers to shop at AAFES online for life.
For those not in the know, the Exchange is a department store-like retail outlet that also operates food courts, gas stations, liquor stores, and military clothing stores on U.S. military installations worldwide. While items do not have to be sold at cost (as they do at the commissary – the military grocery stores which are also on bases) if they are sold at the Exchange, they are sold tax-free.
This could mean tax-free commercial electronics for all!
The deal would not include access to the military commissary system.
Opening the Exchange service to all veterans would mean 20 million new customers and hundreds of millions in revenue for Morale, Welfare, Recreation services, which is where the dividends from Exchange services are reinvested, Military.com reports.
Access to the Exchange is currently restricted to military members who are active duty, guard, or reserve, retired or disabled military members, authorized family, and Medal of Honor recipients.
While the Pentagon says the proposal from Executive Resale Board is still under review, if approved, the new benefit would go into effect on November 11, 2017.
This is the latest version of the M9 service pistol
The M9A3 offers a bigger magazine, a user-friendly grip, and a host of improvements based on lessons learned from over three decades of service.
This is what the DoD has planned for a zombie apocalypse
It does touch on many of the pop culture elements of zombie lore, but it breaks things down to become applicable to most situations that would similar to an actual outbreak.
Some dirtbags messed with an Iwo Jima memorial — and Marines caught 'em on film
Officials say an Iwo Jima memorial in Fall River was doused with the contents of a fire extinguisher last weekend. Police are investigating
Vets are going to get a new ID card, and they'll be ready for use next month
The new identification card will provide employers looking to hire veterans with an easier way to verify an employee's military service.
This is the story behind the rise and fall of the Islamic State group
The Islamic State group, responsible for some of the worst atrocities perpetrated against civilians in recent history, appears on the verge of collapse.
Now the Iraqi army is going after the Kurdish forces who helped beat ISIS
Iraqi federal and Kurdish forces exchanged fire on Oct. 20, capping a dramatic week that saw the Kurds hand over territory across Northern Iraq.
This Kurdish female militia refuses to stop its hunt for ISIS terrorists
A Kurdish female militia, after helping free the city of Raqqa, said it will continue the fight to liberate women from the extremists’ brutal rule.
The US just sent nearly 1M bombs and missiles to Guam — here's why
Hint: There's this guy a few thousand miles away who's threatening to lob a nuke in their direction.
This is what the 400 US troops in Somalia are actually up to
The US has quadrupled its military presence in Somalia after Al-Shabab killed nearly 300 civilians in two truck bombings. Half of them are special ops troops.