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Financial Readiness

FINANCIAL READINESS CAMPAIGN

To increase an Airman's ability to manage his or her personal finances, the Department of Defense initiated the DOD Financial Readiness Campaign in May 2003. The campaign is based on eight pillars of financial readiness:

Good Credit: Airmen and their families are encouraged to learn and apply appropriate and effective methods for obtaining, managing, monitoring and protecting their credit ratings.

Financial Stability: At the core of financial stability is creating and using a spending plan to help families examine and modify their spending habits. Spending plans assist families in learning to live within their means.

Routine Savings: When unexpected or emergency situations arise, it is extremely important that Airmen have sufficient money saved to cope with unforeseen circumstances. A systematic, regular and personal savings program is a central component of financial readiness. Savings can also play a key and decisive role in Airmen being able to achieve their financial goals.

Thrift Savings Plan: The Thrift Savings Plan is a federal government-sponsored retirement savings and investment plan. The purpose of the plan is to provide retirement income. In 2000, the National Defense Authorization Act extended participation in the TSP, which was originally only for federal civilian employees, to members of the uniformed services. Airmen should take advantage of the "miracle of compound interest" by saving/investing in their futures as early as possible

Low Interest Loans: In the event that Airmen have the need to borrow money, it is highly important that they are aware of some of the predatory lending practices that may trap them in "the cycle of debt." There are a number of viable options that are available.

Morale, Welfare and Recreation: In the Air Force, the force support squadron is responsible for MWR activities on your base. The force support squadron contributes to financial readiness by providing recreational and entertainment activities that appeal to Airmen and families while also being readily available and affordable.

Security Clearance: This is a paramount readiness issue. Failure or inability of Airmen to live within their means, satisfy just debts, and meet other financial obligations may indicate poor self-control, lack of judgment, or an unwillingness to abide by rules and regulations. Each of these categories can raise serious questions about an Airman's reliability, trustworthiness and ability to protect classified information. Airmen who are financially overextended are at risk of having to engage in illegal acts to generate funds. Learning effective money-management techniques allows Airmen to avoid potential security clearance-related problems.

Service member's Group Life Insurance: SGLI is a program of low cost ($.07 per $1,000 of coverage) group life insurance for Airmen on active duty, ready Reservists, and members of the Air National Guard. Additionally, Family Service members' Group Life Insurance, or FSGLI, is a program extended to the spouses and dependent children of Airmen insured under the SGLI program.

FRC NATIONAL PARTNERS

The Department of Defense has partnered with many federal agencies and nonprofit organizations to provide resources and support to the Financial Readiness Campaign. Some of these partners are listed below:

Air Force Aid Society
The official charity of the U.S. Air Force. The society assists active-duty and retired Airmen, their eligible family members and other eligible people with emergent needs through counseling, grants, loans and referrals to other applicable agencies.

Association of Military Banks of America
A not-for-profit association of banks that operate on military installations, or are banks that serve military customers off-base, or military banking facilities designated by the U.S. Treasury.

Better Business Bureau Military Line
Dedicated to fostering fair and honest relationships between businesses and consumers, instilling consumer confidence, and contributing to an ethical business environment. BBB Military Line offers a variety of free consumer services and materials to military personnel, retirees, DOD civilians and their families.

Consumer Federation of America
An advocacy, research, education and service organization that gathers facts, analyzes issues, and disseminates information to the public, policymakers, and the consumer movement. 

Defense Credit Union Council
An organization of 255 credit unions with more than 14 million members who are primarily from the Department of Defense. It is comprised of a seven-member board, with one representative from each service component and three at-large members.

Department of Labor
Fosters and promotes the welfare of the job seekers, wage earners, and retirees of the United States. Department of Labor oversight improves working conditions, advances opportunities for profitable employment, and protects retirement and health care benefits. It also helps employers find workers; strengthens free collective bargaining; and tracks changes in employment, prices, and other national economic measurements.

Department of Treasury
The executive agency responsible for promoting economic prosperity and ensuring the financial security of the United States. Some of the department's basic functions include managing government accounts and the public debt; supervising national banks and thrift institutions; enforcing federal finance and tax laws; and investigating and prosecuting tax evaders, counterfeiters and forgers.

Employee Benefit Research Institute and American Savings Education Council
A nonprofit, national coalition of public and private-sector institutions that share a mission of undertaking and supporting initiatives aimed at raising the public awareness about necessary steps to achieve long-term personal financial independence. The website has a number of educational materials for Americans covering all aspects of financial management and wealth development. The site's "Ballpark E$timate" takes complicated issues like projected Social Security benefits and earnings assumptions on savings, and makes them easier to understand.

Federal Citizen's Information Center
Publications.USA.gov is operated by the Federal Citizen Information Center, U.S. General Services Administration. It serves as a central source of information about federal government financial publications helpful to citizens. Publications.USA.gov replaces FCIC's former website Pueblo.GSA.gov and makes it even easier than before to find government publications.

Federal Deposits Insurance Corporation
An independent agency created by Congress that recognizes the importance of financial education, particularly for people with little or no banking experience. The Money Smart financial management training program was developed to help adults outside the financial mainstream enhance their money skills and create positive banking relationships.

Federal Reserve Board
"The Fed," as it is called, offers comprehensive personal financial education. Topics include consumer banking, consumer protection, economics, home mortgages, interest rates, loans/credit, and other general information.

Federal Trade Commission
The FTC is the nation's consumer protection agency. It enforces federal laws that protect consumers, and empowers them to exercise their rights, plus educates them to spot and avoid fraud and deception.

Financial Industry Regulatory Authority
FINRA is dedicated to investor protection and market integrity through effective and efficient regulation of the securities industry.

InCharge Institute of America
The InCharge family includes InCharge Education Foundation, which provides award-winning products and materials that support the personal financial literacy needs of consumers worldwide, and InCharge Debt Solutions, which provides professional credit counseling and education services. 

Jump$tart Financial Smarts for Students
The average student who graduates from high school lacks basic skills in personal financial affairs management. Many young people are unable to balance a checkbook, and most simply have no insight into the basic survival principles involved with earning, spending, saving and investing. 

National Endowment for Financial Education
NEFE's mission is grounded in the beliefs that regardless of individual background or income level, financially informed people are better able to take control of their circumstances, improve their quality of life, and ensure a stable future for themselves and their families.

National Military Family Association
Helps people understand their finances, save money, and invest for their future. 

North American Securities Administrators Association
The oldest international organization devoted to investor protection. A  voluntary association whose membership consists of 67 state, provincial, and territorial securities administrators in the 50 states, the District of Columbia, Puerto Rico, the U.S. Virgin Islands, Canada and Mexico.

Securities and Exchange Commission
Protect investors; maintain fair, orderly, and efficient markets; and facilitate capital formation. The laws and rules that govern the securities industry in the United States derive from a simple and straightforward concept: all investors, whether large institutions or private individuals, should have access to certain basic facts about an investment before buying it, and so long as they hold it.
 
Social Security Administration
Advances the economic security of the nation's people through compassionate and vigilant leadership in shaping and managing America's Social Security programs.

U.S. Department of Agriculture Cooperative State Research Education and Extension Service
Advances knowledge for agriculture, the environment, human health and well-being, and communities by supporting research, education, and extension programs in the Land-Grant University System and other partner organizations. The service offers information on financial security, farm financial management, and environmental and resource economics.

Women's Institute for Financial Education
The Women's Institute for Financial Education is the oldest nonprofit organization dedicated to providing financial education to women in their quest for financial independence.

National Military Family Association Joanne Holbrook Patton Military Spouse Scholarship Program
The National Military Family Association's Joanne Holbrook Patton Military Spouse Scholarships are awarded to spouses of uniformed services members (active duty, National Guard and Reserve, retirees, and survivors) to obtain professional certification or to attend post-secondary or graduate school.

Benefits and Entitlements
Airman and Family Readiness
Thrift Savings Plan

ABOUT...

Many times, financial difficulties are a direct result of a lack of knowledge and experience, especially for younger Airmen. Uninformed decisions made today can have a significant impact on an Airman's current readiness posture and impact his or her financial well-being in the future. Local Airman & Family Readiness Centers have services, resources and educational tools designed to enhance financial readiness and money-management skills.

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AF officials are currently accepting submissions for the 2018 Lance P. Sijan Leadership Award. All nomination packages are due to AFPC by Aug. 31, 2018. Read more at #AFPC #Airman #AirForce" target="_blank">https://go.usa.gov/xU5sE #AFPC #Airman #AirForce</a>
Joint Officer qualification is a significant achievement--the culmination of education and experience. With the new joint tour credit changes directed in the 2017 NDAA, you&#39;ll have even more opportunities to get joint credit. The recent update to DoDI 1300.19, OSD Joint Officer Management, adjusts deployment credits of 24 points or more to qualify an officer for full joint credit. AFPC manages the Joint Qualification program for the Air Force and has the information you need on these changes. For a complete overview on how to become a Joint Qualified Officer, go to Https://myPers.af.mil -> Assignment-> Total Force Joint Officer Management.
Are you interested in retraining? Noncommissioned officers interested in transferring to the Air Force’s newest enlisted aviation Air Force Specialty Code, Enlisted RPA Pilot (1U1XX), have until Oct. 31 to submit their applications to meet the next selection board. The complete application package includes an Air Force initial flying class II physical examination plus a pilot qualification test. The Enlisted RPA Pilot Selection Board will convene in January 2019 to fill training slots for fiscal years 2019 and 2020 as part of the Air Force’s ongoing initiative to integrate enlisted pilots into RQ-4 Global Hawk flying operations. Would you like to know more? Visit the Enlisted RPA Pilot webpage www.afpc.af.mil/Retraining/Enlisted-RPA/ #AirForce #AFPC
EQUAL Opens July 18 The window for Enlisted Overseas Returnee/CONUS Mandatory Mover EQUAL Schedule for Nov/Dec/Jan 2018-2019 opens on July 18. You can view the schedule logging into AFPCSecure on myPers, or at your local personnel office. The Overseas Active Duty Enlisted Quarterly Assignment Listing will open Aug. 8. For more information on assignments, go to www.afpc.af.mil/Assignment/ #AFPC
Do you think you could pass the Battlefield Airman Fitness Assessment? The new Battlefield Airman fitness standards and policy updates are online and available at http://www.afpc.af.mil/Career-Management/Fitness-Program/. ALO and TACP Airmen must take the Tier 2 Operator Fitness Test, or OFT, with the goal of achieving a component standard score of 2 or more on the 10-point component test scale for all components AND a composite score of 46 or more on the 100-point composite test scale. Download the OFT standards from our website and get ready to test yourself against these rigorous standards.#AFPC #AirForce
Air Force Recruiting Service is seeking former recruiters! Looking for current SSgt-MSgt having served in Recruiting Duty with a minimum of 36 months experience interested in returning as a Tier II or III Recruiter. For questions, or to apply, contact the AFRS Screening Team via e-mail at AFRS.rst@us.af.mil.
Air Force officials selected 8,416 staff sergeants for promotion to technical sergeant in the 18E6 promotion cycle. The promotion list will post July 19. Click the graphic for details. #AFPC #AirForce
18E5 Staff Sergeant Promotion Cycle File Freeze The file freeze will be effective July 25. Any data that is updated in Military Personnel Data System after July 25 for the 18E5 promotion cycle will not reflect on your Data Verification Record (DVR). If your eligibility status changes or an update is required after July 25, your MPF must contact the AFPC Enlisted Promotions office via email. Please use email subject line: "18E5 DVR Update Request." For more information on reviewing your DVR, go to www.afpc.af.mil/Promotion/DVR-Review/
AF rolls out FY18 Expanded Aviation Bonus Program Air Force officials have released the Expanded Aviation Bonus Program for FY18, making more than 2,000 additional aviators eligible for aviation bonuses. The expanded program targets aviators beyond their initial service commitment who previously declined to sign long-term bonus contracts. It also targets aviators who have expired contracts and those who were never previously offered a contract. All eligible aviators are encouraged to consider available options, make a decision and act promptly. The application window for eligible aviators under the Expanded Aviation Bonus Program ends at midnight (CDT) Aug. 25. AFPC will send targeted messages to all aviators who are now potentially eligible under the expanded program. This announcement does not change the Sept. 30 deadline for aviators in the original Aviation Bonus Program. Visit #AFPC" target="_blank">https://myPers.af.mil and search “AvB” for details. #AFPC</a>
Ever wonder what’s on your permanent record? Your Military Human Resource Record, or MHRR, can contain information such as enlistments, appointments, duty stations and assignments, qualifications, performance, awards and medals, disciplinary actions, insurance, emergency data, administrative remarks, separation, discharge or retirement (including DD Form 214, Report of Separation or equivalent) and other personnel actions. AFPC currently maintains records of those Airmen who separated or retired on or after Oct. 1, 2004. Do you want to know more? Watch the video, then click the link to visit our new Military Personnel Records webpage! www.afpc.af.mil/Career-Management/Military-Personnel-Records #AFPC (Note - the link to You Tube content may not work on AF networks. The direct link to our new channel is www.youtube.com/user/afpcpa)
Updates to the #AirForce Enlisted Force Structure now available to include changes to promotion requirements for CCAF.
Active-duty officers interested in developing language skills and regional cultural knowledge are encouraged to apply for the DoD Olmsted Scholar Program. Read more at #AFPC #Airman" target="_blank">https://go.usa.gov/xUbWe #AFPC #Airman</a>
The Air Force Voluntary Period of Active Duty program has added multiple opportunities for eligible air reserve component officers. Additions include 12X – Combat Systems, 13M–Airfield Operations, 13N – Nuclear and Missile Operations, 13S – Space Operations, 32E – Civil Engineer, 38F – Force Support, Medical Corps and Dental Corps Air Force Specialty Codes. Detachment commander and instructor opportunities also exist for the Air Force Reserve Officer Training Corps. VLPAD gives certain Reserve and Guard Airmen the chance to serve on extended active duty for three years and one day in order to meet Air Force mission requirements. VLPAD information is available and continuously updated on myPers. Click “Officer/Enlisted Voluntary Limited Period of Active Duty Program” from any Air Reserve component Assignment landing page to find the complete VLPAD AFSC list, detailed eligibility criteria and application procedures for each specific VLPAD program. #AFPC #AirForce
Google+ Looking for an alternative to Facebook to get your Air Force personnel news? We just launched our Google+ account! The same great content, but linked through your Gmail account. Just follow us at: #afpc" target="_blank">https://plus.google.com/u/0/106430364875494942420 #afpc</a>
Are you an active-duty officer interested in becoming a Pilot, Remotely Piloted Aircraft Pilot, Combat Systems Officer or Air Battle Manager? Apply to the 2019 Undergraduate Flying Training selection board! Start the application process right away, as all applicants must be certified as “physically qualified” and require a medical flight screening. Complete applications, to include any approved waivers and exception-to-policy requests, are due to the Air Force’s Personnel Center by Sept. 21. The selection board meets in November. Visit the UFT page on myPers to learn more: Active-duty officer Assignment page->Air Force Special Flying Programs or select “Active Duty Officer” from the myPers dropdown menu and search “Undergraduate” #AFPC_Assignment #AirForce
#AFPC wishes all #Airmen a safe and happy 4th of July holiday! We will have personnel technicians available through midnight July 3rd to help with your personnel needs. We will be back online July 5th to assist with you personnel information needs. Happy Independence Day! #AFPC
Air Force officials recently named the 88th Security Forces Squadron as the winner of the 2018 AFA Verne Orr Award for excellence in managing human resources. Read more at #AFPC #Airman #AirForce" target="_blank">https://go.usa.gov/xUY9Q #AFPC #Airman #AirForce</a>
The Air Force is now accepting applications for the Academic Year 2019 Enlisted to Medical Degree Preparatory Program, or EMDP2. This program offers enlisted Airmen in both the active and air reserve components the opportunity to complete the preparatory coursework for admission to medical school. The deadline for Airmen to submit their Intent to Apply emails to AFPC is Oct 12. Updated eligibility requirements and applications guidelines are listed on myPers. Select “Any” from the dropdown menu and search “EMDP2.” Find additional information about EMDP2 and other enlisted medical commissioning programs on our public website at www.afpc.af.mil/Assignment/Enlisted_Commission/ #AFPC #AirForce
Are you a talented, motivated active-duty officer willing to serve as a role model and instructor? If so, then your Air Force’s Academy needs you! Talk with your chain of command and then submit your volunteer statement to AFPC by Aug. 15. The United States Air Force Academy relies on hundreds of first lieutenants through lieutenant colonels to serve as instructors in a variety of mission areas to include military training, character and leadership development, athletics and academics, in order to educate, train and inspire men and women to become leaders of character. Officers in this special duty assignment will serve a three-year, controlled tour. Most academic positions require a master&#39;s or doctorate degree in a relevant discipline, though a bachelor’s degree is sufficient for other positions with the Commandant of Cadets, Athletic Department and USAFA Preparatory School. For more information, visit myPers and search “USAFA Instructors.” #AFPC #AirForce
Leaving active duty and still want to be part of the team? The PALACE CHASE program allows active-duty Airmen to request early separation from active military service and transfer to a Drill Status Guardsman, Traditional Reservist, Individual Mobilized Augmentee, AGR or Title 5 Dual Status Technician position. Enlisted applicants - Must complete 1/2 of their initial enlistment by the requested date of separation. Officer Applicants - Must have complete 2/3 of the initial total Active Duty Service Commitment by the requested date of separation. For application information, go to https://mypers.af.mil -> Separation -> PALACE CHASE
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Non Commissioned Officer Retraining (NCORP) July 2018 https://t.co/UusOZqLNw0 via @YouTube
Air Force Personnel Center (AFPC) on #Google https://t.co/jb36T3utV1
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The file freeze for 18E5 Staff Sergeant Promotion will be effective July 25. Any data that is updated in MPDS afte… https://t.co/Ad11O8ah78
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