Last year, Congress allocated funds for retroactive stop loss special pay of $500 for every month or partial month served in stop loss status.
Any service member, veteran, and beneficiary of service members who were involuntarily extended under stop loss between 9/11/01 and 9/30/09 are eligible.
Congress set aside over $500 million, but as of last month, only about $219 million has been claimed. This means that there are a lot of individuals out there who are due money, but have yet to claim it. The average benefit is $3,700!
The deadline to claim this benefit is 10/21/10. Please make sure you do and get what is rightfully yours.
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This post was written by...
Robert – who has written 317 posts on The College Investor.
Robert is the founder and editor of The College Investor, a personal finance site dedicated to young adult and college student finances. You can learn more about him here and connect with him on Twitter or Facebook.
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