The rules surrounding the transfer benefit for the Post 9/11 GI Bill are beginning to come into focus. The press release, dated April 28th, warns that the rules are in the final stages, but have not been signed. The proposed policy will give any member of the Armed Forces who is eligible for the program and meets certain criteria, will be able to transfer their entire benefit to their spouse or children.
Here is the criteria:
- You must have at lease 6 years of service on the date of election and agree to serve 4 additional years.
- If you have 10 years of service on the date of election, you are eligible to transfer your benefit if further service is precluded by your service, as long as you serve the maximum amount of time allowed by your service component policy, or
- If you are, or become retirement eligible during the period from August 1, 2009 through August 1, 2013. If this applied to you, your retirement date is pushed back by as much as 3-years.
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