What MWR means?

What MWR means?

Morale, Welfare and Recreation
Morale, Welfare and Recreation, abbreviated MWR, is a network of support and leisure services designed for use by U.S. servicemembers (active, Reserve, and Guard), their families, military retirees, veterans with 100 percent service-connected disability, current and retired DoD civilian employees, and other eligible …

What is MWR in the army?

Army MWR — Army MWR provides support and leisure services designed to enhance the lives of soldiers (active-duty, Guard and reserve), their families, civilian employees, military retirees and other eligible participants.

What is MWR return?

What Is the Money-Weighted Rate of Return? The money-weighted rate of return (MWRR) is a measure of the performance of an investment. The MWRR is calculated by finding the rate of return that will set the present values (PV) of all cash flows equal to the value of the initial investment.

What is a MWR patron?

Eligible Patrons include active duty Military Personnel (to include Guard and Reserve) and Families, Department of Defense Civilian Employees, Retirees, Veterans awarded the Purple Heart, Veterans who are Medal of Honor recipients, Veterans who are former prisoners of war and Veterans with service-connected …

Is MWR a federal job?

MWR, the Morale, Welfare and Recreation office, is synonymous with NAF (non-appropriated funds) positions. While NAF employment is federal employment, NAF employees are not paid through Congressional budgets.

What is dollar weighted?

Periods in which more money is invested contribute more heavily to the overall return – hence the term “dollar-weighted.” Investors are rewarded more for larger investments made during periods of greater price appreciation or penalized less for negative returns that occur when a lower amount of money is invested.

Can retired military use base gyms?

BY BLAKE STILWELL – WEARETHEMIGHTY.COMPhysical Training is part of the military way of life. Every base or post has its fitness center. Sometimes, those facilities allow retirees and even dependents to use the gym and other morale, welfare and recreation services.

Can civilians go to military gym?

Dependents of military and DoD civilians that are 16 years old or older may use the Fitness Center facilities at any time without supervision. Children under 16 years old must be accompanied by an adult.

Do NAF employees get COLA?

Department of Defense (DOD) guidelines state that U.S. citizens recruited in the United States for NAF employment overseas are entitled to COLA, but NAF employees hired locally in an overseas area are not eligible. This distinction does not apply to appropriated fund employees.

What is a NF position?

The grade structure for NAF employees in. administrative and professional positions is as follows: NF-1 Junior Clerical/Customer Service. NF-2 Senior Clerical/Customer Service. NF-3 Specialist/Management.

What is TWRR and MWRR?

uses both the Time-Weighted Rate of Return (TWRR) and Money-Weighted Rate of Return (MWRR) calculations: The TWRR is used to show the funds’ returns in various documents, such as Fund Facts. The MWRR is used to calculate the personalized return of your portfolio, included in your portfolio statements.