G.I. Bill Update: Pentagon finalizes transferability criteria.

This week, the Pentagon issued its final transferability criteria for the Post-9/11 G.I. Bill (Chapter 33) in a memorandum which can be reviewed Here.

AMVETS and the veterans community have been calling on the Department of Defense to finalize its transferability guidelines ever since the Pentagon issues its preliminary criteria in May.

The memorandum states that career service members who have been on active duty for at least six years as of August 1, 2009 may transfer their benefits to dependents if they commit to serving at least another four years.

Service members who have already served on active duty for 10 years, but who are prohibitied from committing to an additional four years will also be eligible to transfer benefits, so long as they continue to serve as long as possible past August 1, 2009. Special consideration has also been made for service members eligible to retire within the four year window starting August 1.

Starting June 29, 2009, eligible service members may make designations to transfer their benefits online by visiting DoD's secure Web site for G.I. Bill transfer.

As implementation of the Post-9/11 G.I. Bill draws closer, check back regularly with American Veteran Online for updates.