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ACTION: SUPERVISE THE IMPLEMENTATION OF

TERMINAL LEARNING OBJECTIVE. ACTION: SUPERVISE THE IMPLEMENTATION OF FINANCIAL READINESS ACTIONS. CONDITIONS: GIVEN THE FOLLOWING: 1. DEPARTMENT OF DEFENSE FINANCIAL MANAGEMENT

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ACTION: SUPERVISE THE IMPLEMENTATION OF

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  1. TERMINAL LEARNING OBJECTIVE ACTION: SUPERVISE THE IMPLEMENTATION OF FINANCIAL READINESS ACTIONS. CONDITIONS: GIVEN THE FOLLOWING: 1. DEPARTMENT OF DEFENSE FINANCIAL MANAGEMENT REGULATION (DODFMR) VOLUME 7A, MILITARY PAY POLICY AND PROCEDURES ACTIVE DUTY AND RESERVE PAY. 2. TRAINING CIRCULAR (TC) 21-7, PERSONAL FINANCIAL READINESS AND DEPLOYABILITY HANDBOOK.

  2. TERMINAL LEARNING OBJECTIVE (CONTINUATION) STANDARDS: ANSWER AT LEAST 10 OF 15 QUESTIONS CORRECTLY ON A WRITTEN TEST IDENTIFYING THE FOLLOWING FINANCIAL READINESS POLICIES. 1. IDENTIFY VARIOUS STEPS FOR PLANNING INDIVIDUAL AND FAMILY FINANCES IN ACCORDANCE WITH (IAW) TC 21-7. 2. IDENTIFY THE DIFFERENT SUPPORT AGENCIES PROVIDED BY THE ARMY AND CIVILIAN SECTOR IAW TC 21-7. 2. IDENTIFY THE DIFFERENT SECTIONS OF THE LEAVE AND EARNINGS STATEMENT AND NET PAY ADVICE IAW TC 21-7. 3. IDENTIFY THE DIFFERENT TYPES OF MILITARY PAY ENTITLEMENTS AND ALLOWANCES IAW DODFMR AND TC 21-7. 4. IDENTIFY PROCEDURES TO RESOLVE PAY INQUIRIES IAW STUDENT HANDOUT, FINANCIAL READINESS.

  3. INTRODUCTION TO PERSONAL BANKING FORT KNOX SELECTING A FINANCIAL INSTITUTION ** IS THE BRANCH LOCATION CONVENIENT TO ME? ** MAY I BANK AT ANY BRANCH? ** WHAT CHARGES ARE INVOLVED IN MAINTAINING AND ACCESSING AN ACCOUNT? ** DO I HAVE ACCESS TO MY ACCOUNT VIA THE ATM? ** IS THE INSTITUTION A MEMBER OF “FDIC”? ** WHAT TYPES OF ACCOUNTS ARE AVAILABLE? ** IS THERE A CHARGE FOR USING THE ATM? ** IS THERE A TOLL FREE NUMBER FOR CUSTOMER SERVICE?

  4. INTRODUCTION TO PERSONAL BANKING VERIFY ALL DOCUMENTATION PRIOR TO DEPARTING THE FINANCIAL INSTITUTION a. NAME(S) AND SOCIAL SECURITY NUMBER(S) b. ACCOUNT NUMBER c. ADDRESS & ADDRESS ON CHECK d. AMOUNT OF MONEY DEPOSITED e. TYPE OF ACCOUNT

  5. MANAGING DEBT CHECKING ACCOUNT ADVANTAGES A. YOU KNOW YOUR ACCOUNT BALANCE B. CONVENIENT METHOD OF PAYING BILLS C. PROVIDES PROOF OF PAYMENT D. REDUCES AMOUNT OF CASH CARRIED

  6. MANAGING DEBT PLENTY, PLENTY MORE....HA, HA, HA JUST BECAUSE YOU HAVE CHECKS DOESN’T MEAN YOU HAVE AN UNLIMITED AMOUNT OF FUNDS!!!!

  7. MANAGING DEBT CHECKING ACCOUNT DISADVANTAGES DISHONORED CHECKS 1. COSTLY SERVICE CHARGES 2. RUIN YOUR CREDIT AND REPUTATION 3. COUNSELING FROM YOUR CHAIN OF COMMAND 4. PLACED ON THE DISHONORED CHECK LIST 5. SUSPENSION OF CHECK CASHING PRIVILEGES

  8. MANAGING DEBT CHECKING ACCOUNT DISADVANTAGES DISHONORED CHECKS (CON’T) 6. RECEIVE AN OFFICIAL REPRIMAND 7. RECEIVE A NEGATIVE EVALUATION REPORT 8. REDUCTION IN RANK 9. BARRED FROM REENLISTMENT

  9. MANAGING DEBT BAD, BAD, BAD CHECK! INSUFFICIENT FUNDS YOU MAY BE COURT-MARTIALED

  10. MANAGING DEBT CREDIT CARD ADVANTAGES EXPRESS VISA 1. AUTHORIZED CASH ADVANCES 2. AUTHORIZED CHARGE LIMITS 3. PRE-APPROVED LOAN WITH MINIMUM REPAYMENT. 4. WIDELY ACCEPTED FOR PAYMENT 5. MONTHLY STATEMENT SHOWS MINIMUM PAYMENT REQUIRED PLASTIC SHOPPING, INC.

  11. MANAGING DEBT EXPRESS VISA CREDIT CARD DISADVANTAGES 1. INTEREST RATES ARE USUALLY HIGHER THAN ON A LOAN 2. PRE-SET SPENDING LIMITS 3. SOME COMPANIES CHARGE YEARLY FEES 4. MAKING MINIMUM PAYMENT ALLOWS INTEREST TO ACCUMULATE PLASTIC SHOPPING, INC.

  12. MANAGING DEBT DEFERRED PAYMENT PLAN ADVANTAGES 1. ITEMS PURCHASED ARE TAX FREE 2. RECEIVE MERCHANDISE NOW, PAY LATER 3. SPENDING LIMIT SET BY RANK 4. MONTHLY PAYMENT 5. PAYMENTS ADJUSTED TO ETS DATE

  13. MANAGING DEBT DEFERRED PAYMENT PLAN DISADVANTAGES 1. INTEREST CHARGED ON GOODS 2. USE LIMITED TO POST EXCHANGE OR CLOTHING SALES STORE 3. FAILURE TO PAY BILL WILL RESULT IN DEDUCTION FROM PAY.

  14. MILITARY AND CIVILIAN SUPPORT AGENCIES 1. INFORMATION, REFERRAL & FOLLOW-UP PROGRAM (IR&F) 2. RELOCATION ASSISTANCE PROGRAM (RAP) 3. EXCEPTIONAL FAMILY MEMBER PROGRAM (EFMP) 4. CONSUMER AFFAIRS AND FINANCIAL ASSISTANCE PROGRAM (CAFAP) 5. FAMILY MEMBER EMPLOYMENT ASSISTANCE PROGRAM (FMEAP) 6. FAMILY ADVOCACY PROGRAM (FAP)

  15. MILITARY AND CIVILIAN SUPPORT AGENCIES FOSTER CARE PROVIDES QUALITY SUBSTITUTE CARE FOR MILITARY CHILDREN IN SITUATIONS OR CIRCUMSTANCES WHICH NECESSITATE ALTERNATE PLACEMENT AWAY FROM THEIR PERMANENT HOME ON A TEMPORARY OR PERMANENT BASIS..

  16. MILITARY AND CIVILIAN SUPPORT AGENCIES THE OUTREACH PROGRAM DELIVERS SERVICES TO GEOGRAPHICALLY OR SOCIALLY ISOLATED FAMILIES, FIRST TERM SOLDIERS AND FAMILIES, NEWLY ARRIVED SOLDIERS AND FAMILIES. OUTREACH FOCUSES ON EDUCATION, PREVENTION, DIRECT SERVICES, AND ORGANIZING SUPPORT GROUPS.

  17. MILITARY AND CIVILIAN SUPPORT AGENCIES ARMY COMMUNITY SERVICE IS AVAILABLE TO: a. Active duty military personnel and their families. b. Reserve and National Guard members while on active duty or active duty for training and their families . c. Next of kin of Prisoner of War (POW) and Missing in Action (MIA) personnel of all armed forces. d. Retired Military Personnel and their families. e. Widows, widowers, and next of kin of military personnel who were on active duty or retired at the time of their death. f. Army civilians, if civilian resources aren’t available, and their families . In overseas commands, eligibility is determined locally in accordance with international treaties and agreements.

  18. DEFENSE FINANCE AND ACCOUNTING SERVICE MILITARY LEAVE AND EARNINGS STATEMENT ID NAME LAST, FIRST, MI . SSN GRADE PAYDATE YRS SVC ETS BRANCH ADSN DSSN PERIOD COVERED SIMPSON, THOMAS C. 999-99-9999 E-7 820130 15 991203 ARMY 5570 1 - 31 JUL 96 1 2 3 4 5 6 7 8 9 1. NAME, LAST, FIRST, MIDDLE INITIAL 2. SOCIAL SECURITY NUMBER 3. PAY GRADE 4. THE BEGINNING DATE OF ACTIVE DUTY 5. TOTAL YEARS OF ACTIVE AND INACTIVE SERVICE FOR PAY PURPOSE 6. EXPIRATION TERM OF SERVICE DATE 7. BRANCH OF SERVICE 8. YOUR PAYING FINANCE OFFICE (ADSN - ACCOUNTING DISBURSING STATION NUMBER, DSSN - DISBURSING STATION SYMBOL NUMBER) 9. PERIOD OF PAYMENT

  19. ENTITLEMENTS DEDUCTIONS ALLOTMENTSSUMMARY A BASE PAY 2175.30 FED TAXES 179.35 BOND #01 50.00 B BAH 643.37 FICA-SOC SEC 134.87 BOND #02 50.00 +TOT ENT 3046.83 C BAS 228.16 FICA-MEDICARE 31.54 CFC ALLOT 3.00 D STATE TAXES 78.87 AER ALLOT 3.00 E SGLI FOR 200,000 17.00 -TOT DED 1434.97 F AFRH .50 G MID-MONTH-PAY 992.84 H -TOT ALMT 106.00 I J K =NET AMT 1505.86 L -CR FWD .00 =EOM PAY 1505.86 TOTAL 3046.83 1434.97 106.00 SECOND PORTION OF THE LEAVE AND EARNINGS STATEMENT TYPEAMOUNTTYPEAMOUNTTYPEAMOUNT+AMT FWD .00 RETPLAN HIGH 3 DIEMS 820130

  20. THRIFT Base Pay Rate Base Pay Current Spec Pay Rate Spec Pay Current Inc Pay Rate Inc Pay Current Bonus Pay Rate Bonus Pay Current SAVINGS0.000.000.000.00 PLAN TSP YTD Deductions Deferred Exempt (TSP).00.00.00 THIRD PORTION OF THE LEAVE AND EARNINGS STATEMENT LEAVE BF ERND USED CR ETS LOST PAID USE LOSE FED WAGE PER WAGE YTD MS EX ADD’L TAX YTD BAL BAL BAL TAXES TAX 30 25 10 45 128.5 0 0 0 2175.30 15227.10 M 02 .00 1255.45 FICA WAGE PER WAGE YTD TAX YTD MED WG YTD MD TX YTD STATE ST WG PER WAGE YTD MS EX TAX YTD TAXESTAXES 2175.30 15227.10 944.09 15227.10 220.78 GA 2175.30 15227.10 M 02 552.09 PAY BAQ BAQ DEPN VHA RENT SHARE STA JFTR DEPNS 2D BAS CHARITY TPC PACIDIN DATA TYPE ZIP AMT JFTR TYPE W/DEP SPOUSE 29207 695.00 1 R 0 REGULAR 27.00 ECM1PT40

  21. FINAL PORTION OF THE LEAVE AND EARNINGS STATEMENT REMARKS: YTD ENTITLE 20512.03 YTD DEDUCT 3100.91 YOUR PAY/PERSONNEL FILE IS ROUTINELY MATCHED WITH STATE FILES TO IDENTIFY MEMBERS DELINQUENT IN CHILD SUPPORT PMTS SERVICE GP LIFE INSURANCE DEBT BAL .00 1JUL96 YOUR CURRENT STATE CLAIMED IS: GEORGIA PLEASE VERIFY YOUR STATE OF LEGAL RESIDENCE FOR STATE INCOME TAX PURPOSE. CONTACT YOUR PAYROLL OFFICE TO FILE A NEW DD FORM 2058 TO CHANGE/ESTABLISH CORRECT STATE IMMEDIATELY. BANK THIRD NATIONAL BANK ACCT # 6395886990

  22. TOP PORTION OF THE NET PAY ADVICE 1. MEMBER’S NAME AND ADDRESS 2. SSN 3. ADSN/DSSN 4. PAY DATE 999-99-9999 5570 15 JUL 96 SIMPSON, THOMAS C. 5. ACCOUNT NUMBER 6. NET PAY AMOUNT ECM1PT40 6395886990 $992.84 7. YOUR NET PAY WAS FORWARDED TO: THIRD NATIONAL BANK HINESVILLE, GA 31315-1211

  23. 8. Remarks Section: EFFECTIVE JULY 1996, PREMIUMS FOR THE DENTAL PLAN Finance Office INCREASED. PREMIUM FOR SINGLE COVERAGE IS $7.19 AND $17.97 FOR FAMILY COVERAGE. IN GEORGIA, SOUTH CAROLINA, FLORIDA, ALABAMA, Defense Finance MISSISSIPPI, LOUISIANA, AND TENNESSEE, THE TRICARE and PROGRAM BEGAN 1 JULY 1996 FOR ELIGIBLE Accounting BENEFICIARIES. CALL 1-800-441-4554 FOR MORE Service INFORMATION. Other Agencies Individual Remarks BOTTOM PORTION OF THE NET PAY ADVICE

  24. TYPES OF MILITARY PAY ENTITLEMENTS • BASE PAY • FOREIGN DUTY PAY • SPECIAL PAY • INCENTIVE PAY • HIGH ALTITUDE LOW OPENING PAY • (HALO) YOURS UNCLE SAM’S ALL MILITARY PAY ENTITLEMENTS ENDING WITH “PAY” ARE SUBJECT TO FEDERAL TAXES.

  25. MILITARY PAY ALLOWANCES • BASIC ALLOWANCE FOR HOUSING • BASIC ALLOWANCE FOR SUBSISTENCE • FAMILY SEPARATION ALLOWANCE • COST OF LIVING ALLOWANCE • OVERSEAS HOUSING ALLOWANCE • CLOTHING MONETARY ALLOWANCE • OFFICERS UNIFORM AND EQUIPMENT • ALLOWANCE ALL YOURS ALLOWANCES ARE NOT SUBJECT TO FEDERAL TAXES.

  26. STATE TAXES DEFENSE FINANCE AND ACCOUNTING SERVICE MILITARY LEAVE AND EARNING STATEMENT ID NAME (Last, First, MI) SOC. SEC. NO. GRADE PAY DATE YRS SVC ETS BRANCH ADSN/DSSN PERIOD COVERED RICHARDSON, KEVIN A. 123-45-6789 E-7 820130 15 991203 ARMY 5570 1-31 JAN 97 ENTITLEMENTS DEDUCTIONS ALLOTMENTS SUMMARY TYPE AMOUNT TYPE AMOUNT TYPE AMOUNT +AMT FWD .00 A BASE PAY 2175.30 FED TAXES 179.35 BOND #01 50.00 B BAH 643.37 FICA-SOC SEC 134.87 BOND #02 50.00 +TOT ENT 3046.83 C BAS 228.16 FICA-MEDICARE 31.54 CFC ALLOT 3.00 D STATE TAXES 78.87 AER ALLOT 3.00 E SGLI FOR 200,000 17.00 -TOT DED 1434.97 F AFRH .50 MID-MONTH-PAY 992.84 G H -TOT ALMT 106.00 I J K =NET AMT 1505.86 L -CR FWD .00 =EOM PAY 1505.86 TOTAL 3046.83 1434.97 106.00 BF Bal Ernd Used CR Bal ETS Bal Lv Lost Lv Paid Use/Lose Wage Period Wage YTD M/S Ex Add’l Tax Tax YTD LEAVE FED TAXES 30 25 10 45 128.5 0 0 0 2175.30 15227.10 M 02 .00 1255.45 St Wage Period Wage YTD M/S Ex Tax YTD Wage Period Soc Wage YTD Soc Tax YTD Med Wage YTD Med Tax YTD FICA TAXES 2175.30 15227.10 944.09 15227.10 220.78 GA 2175.30 15227.10 M 02 552.09 BAQ Type BAQ Depn VHA Zip Rent Amt Share Stat JFTR Depns 2D JFTR BAS Type Charity YTD TPC PACIDIN PAY DATA W/DEP SPOUSE 29207 695.00 1 R 0 REGULAR 27.00 ECM1PT40 THRIFT Base Pay Rate Base Pay Current Spec Pay Rate Spec Pay Current Inc Pay Rate Inc Pay Current Bonus Pay Rate Bonus Pay Current SAVINGS 0 .00 0 .00 0 .00 0 .00 PLAN (TSP) TSP YTD Deductions Deferred Exempt .00 .00 .00 REMARKS: YTD ENTITLE 20512.03 YTD DEDUCT 3100.91 YOUR PAY/PERSONNEL FILE IS ROUTINELY BANK: THIRD NATIONAL BANK MATCHED WITH STATE FILES TO IDENTIFY ACCT # 6395886990 MEMBERS DELINQUENT IN CHILD SUPPORT PMTS YOUR CURRENT STATE CLAIM IS: GEORGIA PLEASE VERIFY YOUR STATE OF LEGAL RESIDENCE FOR STATE INCOME TAX PURPOSE. CONTACT YOUR PAYROLL OFFICE TO FILE A NEW DD FORM 2058 TO CHANGE/ESTABLISH CORRECT STATE IMMEDIATELY.

  27. ATSG-TD-EFS 18 JUN 1996 MEMORANDUM FOR See Distribution SUBJECT: Assingment/Termination to Family Housing 1. THE FOLLOWING INDIVIDUAL IS ASSIGNED/TERMINATED GOVERNMENT FAMILY Quarters: NAME: RICHARDSON, KEVIN A.RANK: SFCSSAN: 123-46-7889UNIT: HQ, 1ST BN/3RD BDEASSIGNED: ADEQUATE FAMILY HOUSINGADDRESS: 1099 DRUM DR. FT STEWART, GA 31314 2. EFFECTIVE DATE: 25 JUN 1996 3. AUTHORITY: AR 210-50 4. THIS MOVE IS FOR THE CONVENIENCE OF: GOVERNMENT/ INDIVIDUAL/ COMMAND 5. THIS ACTION IS/ IS NOT TAKEN AS PART OF AN INTRAPOST MOVE. FOR THE COMMANDER: /S/ FLORENCE E. LEGGETTC: FAM HSG MGT BR DISTRIBUTION: INDIVIDUAL 05 TRANSPORTATION 05 FINANCE OFFICE 02 UNIT 01 FILE COPY 01 ** FOR INSTRUCTIONAL PURPOSE ONLY **

  28. TERMINAL LEARNING OBJECTIVE ACTION: SUPERVISE THE IMPLEMENTATION OF FINANCIAL READINESS ACTIONS. CONDITIONS: GIVEN THE FOLLOWING: 1. DEPARTMENT OF DEFENSE FINANCIAL MANAGEMENT REGULATION (DODFMR) VOLUME 7A, MILITARY PAY POLICY AND PROCEDURES ACTIVE DUTY AND RESERVE PAY. 2. TRAINING CIRCULAR (TC) 21-7, PERSONAL FINANCIAL READINESS AND DEPLOYABILITY HANDBOOK.

  29. TERMINAL LEARNING OBJECTIVE (CONTINUATION) STANDARDS: ANSWER AT LEAST 10 OF 15 QUESTIONS CORRECTLY ON A WRITTEN TEST IDENTIFYING THE FOLLOWING FINANCIAL READINESS POLICIES. 1. IDENTIFY VARIOUS STEPS FOR PLANNING INDIVIDUAL AND FAMILY FINANCES IN ACCORDANCE WITH (IAW) TC 21-7. 2. IDENTIFY THE DIFFERENT SUPPORT AGENCIES PROVIDED BY THE ARMY AND CIVILIAN SECTOR IAW TC 21-7. 2. IDENTIFY THE DIFFERENT SECTIONS OF THE LEAVE AND EARNINGS STATEMENT AND NET PAY ADVICE IAW TC 21-7. 3. IDENTIFY THE DIFFERENT TYPES OF MILITARY PAY ENTITLEMENTS AND ALLOWANCES IAW DODFMR AND TC 21-7. 4. IDENTIFY PROCEDURES TO RESOLVE PAY INQUIRIES IAW STUDENT HANDOUT, FINANCIAL READINESS.

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