DVIDS – Information – Navy Will increase Accessibility to Monetary Literacy Coaching through Navy e-Studying, Cell Software

From Naval Schooling and Coaching Command and PMW-240 Public Affairs

PENSACOLA, Fla. – The Navy is making monetary literacy coaching extra accessible to Sailors through the Navy e-Studying (NeL) web site and an up to date cell software.

In response to the Fiscal Yr 2016 Nationwide Protection Authorization Act that mandated the Division of Protection present service members with extra monetary literacy coaching, the Navy developed monetary readiness that deal with the required-learning targets for the entire private {and professional} touchpoints throughout the army lifecycle.

“Although not developed with one thing like COVID-19 in thoughts, the brand new on-line Navy e-Studying monetary readiness touchpoint coaching programs and the upcoming MyNavy Monetary Literacy app touchpoint coaching characteristic will give our Sailors better flexibility, particularly in at the moment’s surroundings, in satisfying the monetary literacy touchpoint coaching necessities,” mentioned John Hunt, lead program analyst, 21st Century Sailor Workplace (OPNAV N17). “The Navy acknowledges that the non-public monetary readiness of our Sailors is vital to mission readiness and the implementation of those new coaching assets significantly aids this trigger.”

The primary touchpoint is “Preliminary Entry Coaching” whereby monetary literacy coaching is supplied at boot camp and life expertise programs for enlisted Sailors and through the officer accessions coaching pipeline for officers. The opposite touchpoints embrace:

– First everlasting obligation station
– Everlasting change of station (O-Three and under, E-Four and under)
– Promotion (O-Four and under, E-5 and under)
– Vesting in Thrift Financial savings Plan (underneath Blended Retirement System [BRS] upon completion of two years of service)
– Entitlement to continuation pay (underneath BRS)
– Marriage
– Divorce
– Beginning of first little one
– Disabling illness or situation
– Pre- and post-deployment
– Management coaching
– Transition of the service member from Lively or Reserve parts, separation or retirement

NeL programs now deal with the entire necessary monetary literacy touchpoints, excluding the “Preliminary Entry Coaching” and “Transition” touchpoints. The officer/enlisted accession pipelines and the Transition Help Program (TAP) class deal with these two touchpoints. Sailors can discover these programs on NeL at https://studying.nel.navy.mil/ELIAASv2p/ by looking for the title “touchpoint” underneath the Course Catalog tab.

A command monetary specialist or a Fleet and Household Assist Heart private monetary supervisor may present in-person monetary readiness touchpoint coaching. Sailors can discover in-person coaching assets and data on the Normal Army Coaching webpage on MyNavy Portal at https://www.mnp.navy.mil/group/general-skills-training/gmt/ or on the Division of Protection Workplace of Monetary Readiness web site’s Navy Assets webpage at https://finred.usalearning.gov/SPL/Coaching/NavyResource.

Moreover, the Navy will replace its MyNavy Monetary Literacy software in late December 2020 to host the NeL monetary readiness touchpoint coaching programs. Sailors may even be capable of submit course completion certificates on to their Digital Coaching Jacket by way of the applying.

For extra data on monetary literacy training, go to the 21st Century Sailor webpages on Navy Personnel Command’s web site at https://www.public.navy.mil/bupers-npc/help/21st_Century_Sailor/readiness/Pages/Private-Monetary-Administration.aspx.

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