Just a quick head's up to those out there who may be thinking of transferring any Post 9/11 GI Bill benefits to a spouse or your kids. I looked into it a few weeks ago and found out a pretty important little detail - you can only do it if you are still on active duty or as a drilling reservist. I retired from the US Navy Reserve on 1 Jan of this year. #2 daughter started her first year at George Mason a few weeks ago and I began to look into the transfer of what benefits I had in the new GI Bill. It is not spelled out very clearly in the instructions and I had to go through about 4 or 5 different organizations and people before I could get the skinny on this, but while I can still use those benefits, I cannot transfer them to my kids. Would that have made a difference in my decision to retire? Possibly. If I knew there was a requirement for being on active duty or still drilling to that transferability, it might have been worth staying in the reserves, even in a non-pay drill status for a couple more years. Just something for your back pocket if you are thinking of transfering those benefits and contemplating retirement. The VA page for the Transferability requirements are here.
Read the complete post at http://feedproxy.google.com/~r/Blackfive/~3/rVzKkw34NJI/post-911-gi-bill-transferability.html
Posted
Sep 28 2010, 12:44 PM
by
BLACKFIVE