MyNavy Financial Literacy
source

MyNavy Financial Literacy

(10)
Price
Free
Category
Reference Education
Last update
May 07, 2021
Publisher
Program Executive Office for Enterprise Information Systems, Sea Warrior Program Contact publisher
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Ratings & Reviews performance

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Number of reviews,
total
10
Avg rating,
total
⭐4.0
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User Reviews for MyNavy Financial Literacy

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Description

2523 chars

An Official U.S. Navy mobile application, produced by the Navy PMW 240 Program. Revised for 2021, the MyNavy Financial Literacy application provides Navy personnel with information to help them achieve their personal financial goals and meet the Navy’s financial literacy education requirements. This app allows Service members and their families to access financial literacy resources and training anywhere, anytime via their mobile devices. The FY16 National Defense Authorization Act (NDAA) made significant changes to the military retirement system and mandated that Navy personnel obtain financial literacy training at personal and professional touchpoints across the military lifecycle. This app supports that training via financial readiness touchpoint courses, and a collection of in-app and online resources. The application is divided into the following sections for ease of use: -- Financial Readiness Touchpoint Training Courses offer access to twelve mandatory courses and allows Service members to submit course completion certificates to their Electronic Training Jacket (ETJ). Touchpoint courses include First Duty Station, Permanent Change of Station, Promotion, Vesting in TSP, Entitlement to Continuation Pay, Marriage, Divorce, Birth of First Child, Disabling Sickness or Condition, Leadership Training, and Pre and Post-Deployment. -- Financial Literacy Resources include information on Banking and Financial Management, Consumer Awareness, Spending Plans, Credit and Debt, Investments and Thrift Savings Plan (TSP), and Insurance. -- Blended Retirement System (BRS) Resources offers various types of information such as Continuation Pay (CP) rates, links, and videos. Of note, information is provided about the Navy Standard Integrated Personnel System (NSIPS), allowing Service members to view their BRS status, verify BRS election, and elect Continuation Pay. -- Blended Retirement System Courses offer links to the following courses: BRS Opt-In Training, Leader Training to Introduce the BRS, BRS Financial Counselor/Educator Course, and the BRS Lump Sum Course. -- Calculators provide a comparison between the High-3 retirement plan and BRS, and estimate a Sailor’s retirement benefits under BRS, High-3, Final Pay and REDUX retirement plans. The app also includes a Favorites section for bookmarking app pages and an Emergency section with information on a variety of crisis-related topics. The MyNavy Financial Literacy app is also searchable. Download yours today!

Screenshots

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