Financial Readiness

Regular Air Force: Active Duty

Benefit Fact Sheet

Summary

Airman and Family Readiness Centers (A&FRC) offer information, education, and personal financial counseling to help individuals and Families maintain financial readiness and build resiliency. The National Defense Authorization Act (NDAA) of 2016 created 12 mandatory touchpoints where an Airman must receive financial literacy training. This change in law requires Airmen to possess the knowledge and skills to make informed and effective decision at various life stages.

Eligibility

Active duty Airmen and their authorized Family members are eligible for Financial Readiness services offered by Air & Family Readiness Center (A&FRC).

Benefit Highlights

5 dollar bill inside of an Air force money clip Airman and Family Readiness Centers offer information, education and referral services to Airmen and their Families. A&FRC offices refer members to qualifies community-based financial management personnel.

Mandatory Touchpoints created by the National Defense Authorization Act of 2016 include the following:

  • Initial Entry: Basic Military Training, U.S. Air Force Academy, Officer Training School or Reserve Officer Training Corps

  • First Duty Station: Airmen must receive training within the first 90 days of arrival at their first duty station

  • Thrift Savings Plan Vesting: A&FRCs offer training and/or counseling on TSP Vesting to eligible Airmen

  • eggs in a basket with Roth, TSP, TAX, Traditional, and Retirement Continuation Pay: Available online via MyPers email notifying Service member of eligibility for Continuation Pay.

  • Retirement, Separation or Transition to the Reserve Component: A&FRCs provide financial literacy training as a part of the Transition Assistance Program

  • Pre-/Post-Deployment: A&FRCs offer training and/or counseling for Airmen prior to, and upon return from deployment. Training may also be offered online.

  • Marriage: A&FRCs offer training and/or counseling for Airmen who get married

  • Divorce: A&FRCs offer training and/or counseling for Airmen who get divorced

  • Birth of First Child: A&FRCs offer training and/or counseling for Airmen who are expecting, give birth to, or adopt their first child

  • Disabling Sickness or Condition: Receive assessment on financial readiness needs from the Recovery Care Coordinator is accordance with AFI 34-1101, Warrior and Survivor Care.

  • Permanent Change of Station: A&FRCs offer training and/or counseling for Airmen who experience a subsequent permanent change of station while in grades E-4/O-3 and below

  • Promotion: A&FRCs offer training and/or counseling for Airmen who receive promotions while serving in the grades E2-E5 and O2-O4. Training for promotion to E2 will be delivered as part of Basic Military Training and to E3 as part of First Duty Station training.

  • Lump Sum Eligibility: A&FRCs offers counseling prior to Airmen electing the lump sum option on DD Form 2656, upon retirement under the Blended Retirement System.

Additional Information
Document Review Date: 28 July 2021