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Military Pay Issues

Military Pay Issues. Military Compensation. Why is it important to know about military compensation? What are my benefits? Why should I care?. The Navy Pay System. Paid 1st and 15th of the month Direct Deposit (DDS) Automatically deposits paycheck in your account Report life changes

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Military Pay Issues

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  1. Military Pay Issues

  2. Military Compensation Why is it important to know about military compensation? What are my benefits? Why should I care?

  3. The Navy Pay System Paid 1st and 15th of the month Direct Deposit (DDS) Automatically deposits paycheck in your account Report life changes Split Pay Option (Ship and TAD travel claims only) Navy Cash Card

  4. myPay https://mypay.dfas.mil 877-363-3677 Puts you in charge On-line LES Make some changes to your Master Military Pay Account

  5. Leave & Earning Statement (LES) A monthly statement of service member’s master military pay account Use myPay to verify the information Your pay is your responsibility Contact DFAS www.dfas.mil 800-346-3374

  6. Leave & Earning Statement (LES) Personal information Entitlements/deductions/allotments Leave summary Tax summary Pay data Thrift Savings Plan Summary Remarks

  7. Pay Base pay Special Pay Incentive Pay If it says ‘pay’, it is taxable

  8. Taxable Pay Sea Pay Submarine Pay Flight Pay Hazardous Duty Pay Hostile Fire Pay Dive Pay

  9. Taxable Pay Special duty assignment pay Foreign language proficiency Certain places Nuclear pay Other specialty pay Are you getting what’s coming to you?

  10. Allowances Housing Living expense Moving or travel expenses Usually not taxable - a great deal!

  11. Housing BAH COLA - CONUS, OCONUS MIHA - OCONUS OHA

  12. Living Expenses BAS FSA Type I – Unaccompanied Type II – Separated CRA Enlisted – annually Officers – 1 time only Maternity – once every 3 years

  13. Travel Mileage/Transportation Per Diem Miscellaneous

  14. Moving Personal goods shipment or DITY Temporary lodging Mileage/tolls Per mile/number of dependents and vehicles Per Diem Age of accompanying dependents, authorized travel time

  15. PCS Allowances Temporary lodging expense (CONUS) With dependents Max = $180 per day Payable for 10 days to In CONUS Payable for 5 days to Out CONUS Temporary lodging allowance (OCONUS) Payable for up to 60 days Dislocation allowance Based on pay grade - Must apply for DLA

  16. Advance of Pays Advance base pay – up to 3 months Advance BAH Up to 3 months CONUS Up to 12 months OCONUS Advances of pay must be repaid over a 12 or 24 month period

  17. TDY Per diem based on location and meal availability Rates: www.dtic.mil/perdiem

  18. Allotments A great money management tool Save automatically Pay bills automatically Paid once per month, 1st paycheck Do it yourself at https://mypay.dfas.mil

  19. Deductions Taxes Insurance Garnishment Other pay withholding

  20. Other Benefits SGLI & FSGLI Up to $400,000 $10,000 per child at no cost Spousal coverage - Max. $100,000 Thrift Savings Plan Pre-tax contribution retirement plan Survivor Benefit Plan - SBP Active duty- no cost

  21. Survivor Benefits for Active Duty Death gratuity ($100,000) DIC Social Security Mother’s or father’s benefit Children’s benefit VA Education Benefits Basic Funeral & Family Transportation No Cost Final Move BAH or Housing (12 months) Pay for Unused Leave & Arrears in Pay

  22. Other Benefits Medical and Dental Education and VA programs Leave 2.5 days/month Accruing up to 60 days Annually Retirement at 20 years or more Percentage of base pay varies depending on date of entry Wow, that’s amazing!

  23. Taxes FICA - Social Security & Medicare Federal and State Income Taxes No Income Tax States Alaska Florida Nevada New Hampshire South Dakota Tennessee Texas Washington Wyoming New Hampshire Verify your marital status and number of exemptions –It’s your money! Use VITA

  24. I’ve Got a Problem... Overpayments and underpayments Incorrect zip code after PCS Exemptions incorrect Starting and stopping allotments Too many allotments Government Credit Cards

  25. I’ve Got a Solution... Monitor LES Update information on myPay Monitor allotments Use a budget Pay government credit cards … and more

  26. Indebtedness Repayment Options? Extend repayment period Make payment arrangement Waiver of indebtedness SECNAVINST 7220.38E

  27. Sources of Help Remember one of your biggest military benefits – the people there to help you • Your Command Financial Specialist • Your Fleet and Family Support Center • Your Disbursing Office • Your Navy Legal Office • Health Benefits Advisor • NMCRS

  28. Print your Certificate Click on the following link to add your name to the certificate and print it: Military Pay Issues

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