US Troops Leaving $324 Million in Unclaimed Stop-Loss Pay
September 5, 2010
(ChattahBox)–At least 90,000 military vets are eligible for a special retroactive payday to compensate them for being forced to serve beyond their discharge date, after the attacks of 9/11. But despite repeated letters and reminders, they have not filed for the stop-loss pay, perhaps thinking it’s a scam. With the October 21 deadline nearing to claim the funds, the Pentagon is getting the word out with a media blitz, asking service members to “spread the word” about Retroactive Stop Loss Special Pay.
The Washington Post writes:
Last October, Congress approved retroactive bonus pay for military personnel who were forced to remain on duty beyond their original discharge date, a controversial policy known as “stop-loss.” Lawmakers approved back pay of $500 for each month of involuntary service; the average lump-sum due is between $3,500 and $3,800.
To get the cash, an application must be submitted by Oct. 21; only about a third of those eligible have handed in paperwork. With just six weeks remaining before the deadline, the Department of Defense is scrambling to track down about 90,000 veterans, as well as some active-duty troops, to ask them to apply for their back pay.
There is about $324 million still left unclaimed, so get right on this soldiers.
A Pentagon PSA is urging service members to tell a friend about the money that may be sitting there waiting for them.
“There are service members and vets out there who are eligible for Retroactive Stop Loss Special Pay, but haven’t submitted a claim yet. Spread the word and get service members, vets and beneficiaries the money they are entitled to.”
These funds could arrive just in time for the holidays.