DoD Sequestration News

This week in DoD sequestration news

| July 3, 2015

Military families are still more convinced than general population families that Congress will void the sequestration-related budget cuts before the 2016 fiscal year. Latest results from the First Command Financial Behaviors Index® show that 43 percent of military families believe that Congress will void sequestration versus only 15 percent of gen pop. Also, 43 percent of military families believe Congress should repeal the caps on military and domestic spending, versus 24 percent of gen pop. The two groups are slightly more aligned on the belief that Congress should repeal only the military cuts, with 32 percent of military families agreeing, and 24 percent of gen pop families agreeing.

More than one-third (38 percent) of military families expect to be extremely or very impacted by sequestration. Their top concerns remain similar to recent survey results:

  • Reduction in annual pay increases: 38 percent
  • Increased responsibility for healthcare costs: 33 percent
  • Reduction in retirement benefits: 32 percent


DoD Sequestration News

This week in DoD sequestration news

| June 26, 2015

Deputy Defense Secretary Bob Work on Monday said he believes sequestration will be avoided via a Congressional budget deal, due largely in part to President Obama’s threats that he will veto spending bills that keep sequestration-level funding in place for defense and nondefense spending.

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Redux-2015-final

To REDUX or not to REDUX?

| June 22, 2015

It is common these days for sponsors of pension plans to seek ways to make their commitments to plan members less expensive. One way to reduce the cost of a long-term pension obligation is to offer a participant some money today in exchange for less money tomorrow.

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DoD Sequestration News

This week in DoD sequestration news

| June 19, 2015

Military families continue to report high anxiety over cuts to the defense budget, with 66 percent of those surveyed in the latest First Command Financial Behaviors Index® feeling extremely or very anxious.

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Family on road trip to beach

Servicemembers scale back summer vacations

| June 15, 2015

Sequestration and economic worries are prodding America’s career military families to scale back their rest and relaxation plans again this summer.

The First Command Financial Behaviors Index® reveals that 47 percent of middle-class military families (senior NCOs and commissioned officers in pay grades E-6 and above with household incomes of at least $50,000)  expect to spend less money this year on summer vacations, continuing a frugal trend that emerged during the economic downturn and has continued with widespread concerns over defense downsizing.

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DoD Sequestration News

This week in DoD sequestration news

| June 12, 2015

The week began with Senate Democrats hoping to hold a budget summit among Obama administration, Senate and House leaders as early as next week. Democrats intend to block spending bills that do not remove sequestration spending caps, and their hope was that the threat of blocking the bills coming out of the National Defense Authorization Act (NDAA) would force the summit.

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Transitioning to Civilian Career

What to do after a 20-year military career

| June 8, 2015

When I was in the service, I really liked working with people. When I retired, I wanted to continue working with people, but also to be more in control of my time. Going from a Surface Warfare Officer where you’re training for combat and sailing on the high seas to working in a suit and tie is a big shift in mentality and processes. I had to prepare for that shift, so I really thought “what do I want to do?”

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DoD Sequestration News

This week in DoD sequestration news

| June 5, 2015

Office of Management and Budget Director Shawn Donovan sent a letter on Monday to House Appropriations Committee (HAC) leadership, asking them to fix sequestration instead of placing additional funds into an overseas contingency operations (OCO) account.

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Family on road trip to beach

Protect your home while on vacation

| June 1, 2015

Many families are looking forward to a late summer vacation. But, before you shut that front door and secure the garage for the last time in two weeks, make sure you take care of the following 10 steps to protect your home while you’re on vacation.

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DoD Sequestration News

This week in DoD sequestration news

| May 29, 2015

It’s been a quiet week in terms of sequestration news, but if you’re interested in learning more about how sequestration is affecting our nation’s military families, please visit Bridging the Sequestration Gap.

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