5 Special & Incentive pay
(BSS FH) Bonuses, Sea pay, Special Duty allowance, Flight pay, Hazardous duty pay.
PSMC
Personnel Statement of Military Compensation
3 Basic military compensation Pay
Allowances, Base pay, Special and incentive pay
3 Types of Allowances
Housing, Living expense, Moving or Travel expense
COLA
Coast of Living Allowance (based on area)
3 Living Expense Allowance
Basic Allowance for Subsistence (BAS) , Family Separation Allowance (FSA) , Uniform and Clothing Allowance.
Moving Expenses Allowance
Shipment of Personnel Goods, Temporary Lodging, Vehicle mileage and highway tolls, Meals during the move.
TLE
Temporary Lodging Expenses; temp cost of housing while in transit, 10 CONUS, 5 OCONUS
TLA
Temporary Lodging Allowance; 60 OCONUS < 180 a day.
DLA
Dislocation Allowance, an entitlement varied by paygrade and dependency status.
Advance pay
30 days 3m adv BAH (CONUS) 12m Overseas housing allowance (OHA) into non gov housing. W travel orders; pre-paid transport tickets, & per-diem. Payback in 12-24m
Allotment
One category of money that comes out of pay
Deductions
Amounts deducted or taken our of your paycheck
4 Types of Deductions
Taxes, Insurance, Garnishments, Other pay withholding's
Types of Taxes
Income, Social Security/Medicare
3 Insurance with holdings
Serviceman's Group Life Insurance (SGLI) Family Serviceman's Group Life Insurance (FSGLI) Dental Health Plan
Garnishments
Involuntary deductions taken away form your pay due to legal action against you ( alimony, debt collector)
Military Pay Dates
1st & 15th
Direct Deposit System -->
DDS -> electronic funds transfer from DFAS-KC -> Federal Reserve Bank -> Individual's Financial institution.
FITW
Federal Income Tax With holding pay-as-you-go
SITW
State Income Tax With holding
W-4 Form
over-withholding change form
Taxes Golden Rule
Pay them when due, but never more that the law requires.
CFS
Command Financial Specialist
Service Group Life Insurance
SGLI 400,000 coverage. 26.00 per month. Check in "deductions" in LES.
Family Service Group Life Insurance
10,000 per child, 100,000 for spouse
Traumatic Injury Protection Program
TSGLI 25,000-100,000
SGLV 8286
Form to change Your Beneficiary
SBP
Survivor Benefit Plan - option after you retire
MGIB
Motgomery GI BIll, 1,200 buy in
Post 911 Gi BIll
no buy in
Leave
2.5 per month, 30 per year, 60 total saved at a time (unless deployed, must be all used before fiscal yr 30 sept)
The four types of monetary and non-monetary benefits to which you are entitled are
1. Medical and dental care 2. Education and Veteran Administration Programs 3. Leave 4. Retirement