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Financial Readiness

GOALS

The goal of the Personal Financial Readiness Program is to help Airmen and family members by providing foundations at the beginning on an Airman’s career and developing across the continuum to improve financial literacy.

Background

The National Defense Authorization Act (NDAA) of 2016 stipulated a significant number of changes to 10 USC §992 which effectively created 12 mandatory touchpoints where a service member must receive financial literacy training. The change in law required service members to possess the knowledge and skills to make informed and effective decisions at various life stages.

MANDATORY TOUCHPOINTS

  1. Accessions:  Basic Military Training, U.S. Air Force Academy, Officer Training School or Reserve Officer Training Corps
  2. First Duty Station:  Service members must receive training within the first 90 days of arrival at their first duty station
  3. Thrift Savings Plan Vesting:  A&FRCs offer training and/or counseling on TSP Vesting to eligible Airmen
  4. Continuation Pay:  A&FRCs offer training and/or counseling for Airmen who become eligible for continuation pay under the Blended Retirement System
  5. Transition:  A&FRCs provide financial literacy training as a part of the Transition Assistance Program
  6. Pre-/Post-Deployment:  A&FRCs offer training and/or counseling for Airmen prior to, and upon return from deployment.
  7. Marriage:  A&FRCs offer training and/or counseling for Airmen who get married
  8. Divorce:  A&FRCs offer training and/or counseling for Airmen who get divorced
  9. Birth of First Child:  A&FRCs offer training and/or counseling for Airmen who are expecting, give birth to, or adopt their first child
  10. Disabling Sickness or Condition:  A&FRCs offer training and/or counseling to service members affected by a disabling sickness or condition. Training and/or counseling is also available to family members with a disabling sickness or condition
  11. Subsequent Duty Station:  A&FRCs offer training and/or counseling for Airmen who experience a subsequent permanent change of station while in grades E-4/O-3 and below
  12. Promotion:  A&FRCs offer training and/or counseling for Airmen who receive promotions while serving in the grades E-5/O-4 and below