PAY AND BENEFITS
As someone entering the Coast Guard as an officer, you'll gain both tangible and intangible benefits.
Let's begin with some of the intangibles. First, you'll hone your leadership and management skills. You'll also become proficient at administrative and supervisory duties as you'll take on important responsibility quickly.
On the other hand, you'll make a good starting salary, receive allowances for meals and housing, and be given comprehensive medical and dental plans at no charge. You'll also have access to money for education and eligibility for retirement benefits.
Here's a quick list of the tangible benefits you can receive as an officer in the Coast Guard:
You are paid twice a month, on the 1st and 15th of every month, based on your pay grade. An established salary chart defines salaries for both increases in rank and increased tenure in the Coast Guard. For more information, download the most recent military pay scale.
You are promoted based on your knowledge of your chosen career field, your performance, time in pay grade, and service requirements.
You earn 2.5 days paid vacation per month for a total of 30 days each year.
You choose your career path based on your aptitude, physical abilities, security clearance, motivation and determination. Unlike other military services, the Coast Guard offers all specialties to both men and women equally --- including combat roles.
While on active duty, you will receive complete medical and dental care at no cost. Learnn m ore about TRICARE by visiting www.tricare.com
As an active duty member, you are covered for $400,000 in term life insurance at a cost of less than $26 a month. You may select a lower amount of coverage. For more information, visit http://www.insurance.va.gov/sgliSite/SGLI/SGLI.htm.
You'll receive additional tax-free money for Basic Allowance for Housing (BAH) if government housing is not available in the area you are stationed; Basic Allowance for Subsistence (BAS), if government dining facilities are not available in the area you are stationed. One more thing you should note, all existing allowances for food, housing and clothing are not subject to federal or state income taxes.
Through the Montgomery GI Bill, we'll help you pay for college or vocational technical training. To find out more and also get up to date official information about the new "Post 9-11 GI Bill" (which offers a substantial increase in benefits) go to http://www.gibill.va.gov.
For maximum tuition and stipend payments by state reported in the Navy Times dated 16 March 2009, provided courtesy, Navy Times, Copywrite © 2009 Click here to download.
Coast Guard members, both active-duty and Reserve, also can take advantage of the tuition assistance. (The tuition assistance program may vary and is dependent upon funding. Speak to your recruiter about program details and eligibility.) Find out more about tuition assistance.