Archive of: Military

Title Issue

Retirement cutbacks lead financial concerns of military families

A proposed overhaul of the military retirement system has emerged as the No. 1 financial worry of  military families, easily surpassing the economy and related issues in a ranking of top money concerns, according to the First Command Financial Behaviors Index.

Seventy-one percent of middle-class military families (senior NCOs and commissioned officers in pay grades E-6 and above with household incomes of at least $50,000) said government cuts to military retirement benefits concerned them the most. The economy came in second at 54 percent, followed closely by the cost of gas at 51 percent.

December 2011

People on the Move

Curtis Costner has taken on the role of CEO and owner of Sands Costner & Associates, a full-service advertising and design agency in downtown Tacoma.  The company has relocated its offices to 1117 Broadway, Suite 401. Rachael Costner will continue to serve on the board.

John W. Hulbert Jr. has joined TwinStar Credit Union as business operations manager. He has more than 20 years of experience as a commercial lender and team leader with various commercial banks throughout the Northwest. Hulbert graduated from St. Martin's High School in Lacey and attended St. Martin's College before graduating from Central Washington State in 1970. He has completed Northwest Intermediate Banking School and Northwest Commercial Lending School at the University of Portland.  He also is a graduate of Pacific Coast Banking School at the University of Washington.

November 2011
Chamber recognizes Jimenez as Military Citizen of the Year

Chamber recognizes Jimenez as Military Citizen of the Year

The Tacoma-Pierce County Chamber presented the 33rd annual John H. Anderson Military Citizen of the Year Award to Sgt. 1st Class Luis Jimenez. Jimenez is currently the noncommissioned officer in charge of the 593rd Sustainment Brigade's Supply and Services Section at Joint Base Lewis-McChord.

In addition to multiple community volunteering efforts, Jimenez is a member of the Lions Club, Kiwanis Club and Knights of Columbus.

November 2011

Grants put rides a click away for Washington vets

Washington's military veterans will be among the first in the country to benefit from on-demand transportation options and upgrades funded by a new federal grant program. The grants aim to meet the transportation needs of veterans with disabilities and those who live where options are limited.

Washington State Department of Transportation will receive three grants totaling more than $737,000 to be distributed to selected veterans transportation projects. The three grants administered by WSDOT, along with a fourth grant awarded to Pierce County, totaled nearly $1 million to improve affordable, accessible transportation options for veterans in Washington.

November 2011

Military families losing confidence in ability to retire comfortably

The long-term financial confidence of military families is beginning to unravel, reflecting concerns over the economy and a proposed overhaul of the military retirement system.

The First Command Financial Behaviors Index reveals that just 37 percent of middle-class military families (senior NCOs and commissioned officers in pay grades E-6 and above with household incomes of at least $50,000) are extremely or very confident  that their financial situation will improve over the next year, down from 41 percent in the first quarter.

November 2011

Layoffs surge to highest total since April 2009

Employers announced plans to shed 115,730 workers from their payrolls in September, making it the worst job-cut month in more than two years. Heavy reductions planned by the military accounted for a large portion of September job cuts, signaling what may lie ahead as the federal government seeks across-the-board cuts in spending.

September job cuts were 126 percent higher than the 51,114 announced in August, according to the latest report on monthly job cuts released today by global outplacement firm Challenger, Gray & Christmas Inc. They were 212 percent higher than September 2010, when employers announced just 37,151 job cuts. Last month's total is the highest since April 2009, when 132,590 job cuts were announced.

October 2011

Economy pushing military families toward greater fiscal conservatism

The economy is taking a toll on the fiscal optimism of middle-class military consumers, with many families cutting spending, increasing savings and moving to more conservative investments.

Survey findings of the First Command Financial Behaviors Index reveal that 39 percent of middle-class military families (senior NCOs and commissioned officers in pay grades E-6 and above with household incomes of at least $50,000) say they have become more conservative with their finances as a result of recent economic volatility. That compares to 34 percent among members of the general public with similar incomes.

September 2011

Military families slim back-to-school plans

It cannot be good news for South Sound retail merchants, but a consumer study of military-related families finds active plans to reduce their spending this late summer.

Roughly half of military families making at least $50,000 a year will be in the market for school clothes and supplies this year. And 32 percent of them say they plan to spend less during the traditional back-to-school shopping season, according to the First Command Financial Behaviors Index.

August 2011

Olympia optometrist settles overbilling claims

The U.S. Department of Justice today finalized a $253,784 civil settlement with optometrist Craig F. Rouse, who operated eye clinics on military bases in Washington, Alaska, Texas and Florida.

The clinics primarily provided services to active duty and retired military personnel and their dependents, many of whom received health benefits from the Department of Defense TRICARE program.

August 2011

Warrior Transition Battalion opens new barracks

The Warrior Transition Battalion will open the doors to its new $53 million barracks during a ceremony hosted by Madigan Healthcare System at 10 a.m. Monday.

With 204, two-bedroom suites, soldiers will enjoy individual sleeping quarters in the new barracks while sharing a common living area, kitchen, and laundry facilities. Depending on the suite, bathrooms will either be shared between two residents or private to one resident.

August 2011
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