Insurance & Technology News
Fort Bragg families will see changes in Basic Allowance for Housing for 2013
Dec 17, 2012 (The Fayetteville Observer - McClatchy-Tribune Information Services via COMTEX) --
Fort Bragg families will see slight changes in the money they get for housing in the new year.
The Department of Defense announced that Basic Allowance for Housing, or BAH, rates for 2013 will increase 3.8 percent from this year.
But on Fort Bragg, BAH rates will drop for most ranks, but soldiers already stationed on the post will be protected from those declines.
Nationally, service members with dependents will see an approximate $60 increase, according to the Pentagon. With the increase, an estimated $20 billion will be paid to more than 1 million service members in 2013.
On Fort Bragg, lower enlisted soldiers with dependents will receive $1041 a month, an increase of $18, according to the new BAH rates. Other ranks could see as much as a $12 rise or $51 drop.
For soldiers without dependents, lower enlisted will receive $894 a month, an increase of $33. Other ranks could see as much as a $51 rise or $54 drop.
Any rate decrease will only apply to service members newly reporting to those locations, according to the Department of Defense.
"Members are protected by individual rate protection which ensures that those already assigned to a given location will not see their BAH rate decrease, however, they will receive the increase if the rate goes up," officials said. "This assures that members who have made long-term commitments in the form of a lease or contract are not penalized if the area's housing costs decrease."
BAH is determined by three components, including median current market rent, average utilities and average renter's insurance, according to the Department of Defense.
Staff writer Drew Brooks can be reached at firstname.lastname@example.org or 486-3567.
___ (c)2012 The Fayetteville Observer (Fayetteville, N.C.) Visit The
Fayetteville Observer (Fayetteville, N.C.) at www.fayobserver.com Distributed by
MCT Information Services
[ Back To Insurance Technology's Homepage ]
UPDATED 3:08 AM EST - Mar 07, 2014
Subscribe to eNews
Insurance Technology eNews delivers the latest news impacting technology in the insurance industry each week. Sign up to receive FREE breaking news today!
Insurance Technology RSS