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U.S. Troops: Claim Your Money

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U.S. Troops: Claim Your Money

AP

U.S. troops are due bonus pay but nearly 150-thousand haven't claimed it and the deadline is approaching.

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Filling out applications even on-line is often tedious, a pain, but in this case it is costing military troops cash. Tens of thousands of troops are due money and they either don't know it or are skeptical or maybe they've just put off filing for it.  But the deadline of October 21, 2010 is coming up soon to claim retroactive bonus pay under the "Stop Loss" program.

Military members from the Army, Navy, U.S.Marine Corps and Air Force are eligible if their service was involuntarily extended or their retirement was suspended between Sept. 11, 2001 and Sept. 30, 2009.

Survivors of military members too should find out if they're eligible too. There are exceptions, and you can read about it and get the simple application on the Defense Department's website.

 Spread the word.  The average payout is about $4000 and as you know the average salary of a service member is not a lot.  There's still over $300 million dollars yet to be dispersed.
 
It's not a trick or a scam. Many veterans have ignored the notifications, forgotten about it or figured it was too good to be true, a Pentagon official told the Washington Post.  Once the deadline of Oct. 21 passes, it cannot be extended by law. 

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