Every time my husband or I got a pay raise, I increased our contributions. Whether you're an old pro or new to the military moving game, there's stuff to learn about PCSing. If you have a pay not listed, I'd love to hear about it! %PDF-1.6 % ENTITLEMENTS: This will list all of theservice member's entitlements and allowances for the specific period covered by the LES. This is below the long-term average, but a direct reflection of the increase in the cost of the . She loves educating military families about their military benefits in her spare time. Reserves and Guard will find this field used to identify Training Program Codes as follows: A = Normal pay status for a regular service member on regular duty; C = Funeral Honors Duty; M = Annual training hours over 30 days; N = Death; O = Training for HPSP, ROTC, and Special ADT over 30 days; T = ADT over 29 days; U = Undergraduate pilot training, in-grade training, navigator, and advance flying training officers; X = Stipend Tour of HPIP participants or subsistence for ROTC participants; Z = Administration and support training (exclusive of recruiting). Quite literally, it pays to know your way around an LES. It is non taxable and changes based on if you single or married. A new law guarantees Veterans will receive a cost-of-living adjustment to VA compensation that is equal to the COLA applied to Social Security benefits. 7A, Hosted by Defense Media Activity - WEB.mil. Retired pay will be calculated as follows: (Years of creditable service x 2.0%) x average of highest 36 months basic pay. In some places the housing is much nicer and sometimes even gives you money back. It is based on feeding the service member not thefamily. This is very important for PCS transfers and promotions or demotions for members in a saved pay status. (b) Enlisted:$452.56 Toll free: 1-888-DFAS411 or 1-888-332-7411 It also provides the individual's YTD. Under-inflated tires lowers your gas mileage so keep an eye on your tire pressure. January 2019. The family separation allowance (FSA) provides funds to qualifying service members with dependents to help offset expenses associated with having to maintain two households because of an enforced family separation. Statement of Earnings and Leave - National Finance Center LV LOST: Total number of leave days lost. 9. CSRS/FERS- Civil Service Retirement System/Federal Employees Retirement System, FEGLI- Federal Employees Group Life Insurance, OASDI- Old-Age, Survivors, and Disability Insurance. The Leave & Earnings Statement (LES) is the income document provided to military families. Service members who are involuntarily separated from their dependents may be entitled to a family separation allowance (FSA) of $250 per month to defray a reasonable amount of extra expenses that result from such separation. 54. So definitely start with SGLI, and explore additional coverage if you would like. Whew! (Ref: Coast Guard Pay Manual, COMDTINST M7220.29 (series), Chap 12.H.). *Centralized Customer Support Unit* MED WAGE YTD: The wages earned so far this year that are subject to Medicare. 55. Defense Finance and Accounting Service > CivilianEmployees This article may not be republished, rebroadcast, rewritten or otherwise distributed without written permission. Links to pay charts and information about your pay entitlements and benefits, Subscribers to this list will receive notices and information on Coast Guard military pay and personnel policy and procedures. Effective 1 January 2023, the daily rate is $15.085Current Enlisted rate $456.56/30=$15.085. RET PLAN: This field indicates which retirement plan applies to theservice member. Here's our line-by-line guide to making sense of one. PDF Finance Frequently Asked Questions What services do you provide? How 1468 0 obj <> endobj .datatable th {font: bold 0.85em Arial; color: #ffffff; letter-spacing: 1px; text-transform: uppercase; text-align: center; padding: 6px 6px 6px 12px; background: #23395d; border: 1px solid #23395d;} Elizabeth Colegrove is a wife, military spouse and author of the rapidly-growing blog The Reluctant Landlord. How and where to find the six financial benefits found on the Military LES. GRADE: The service member's current paygrade. Overseas Cost-of-Living Allowance | COLA - Defense Travel Management Office It is also one ofthe cheapest insurances out thereand easiest to get. A = Spouse, C = Child, D = Parent, G= Grandfathered, I = Service member married to member, K = Ward of the court, L = Parents in law, R = Own right, S = Student aged 21-22, T = Handicapped child over age of 21, W = Service member married a member, child under 21. As the rate of inflation continues to fall, Social Security beneficiaries may expect to see a much lower cost-of-living adjustment for 2024. 78. Many bases now have utility limits, so you make money if you are below the limit and you owe money if you are above the limit. WAGE PERIOD: The amount of money earned in this LES that is subject to federal taxation. Pay Tables for Active Duty Members and DOD Civilian Employees Military.com provides a great description of each LES category. 444 S. E. Quincy St. Cost and Benefits. This date is used only to indicate which retirement plan aservice member falls under. The social wedge between America and its military is growing. However, one small caveat of this act could put the 2022 military pay raise in jeopardy. * Features may vary by agency and armed service and status. The truth is you have to start someplace. NAME: This is the service member's name listed Last, First, Middle Initial. myPay is the online system operated by DFAS for military members, retirees and DOD civilian employees to access their pay information and make their own changes immediately with user-friendly technology. Family Separation Allowance (FSA) - Veteran.com 39. To reprint or license this article or any content from Military.com, please submit your request, 3 Ways Military Service Members Can Take Advantage of an IRA, 10 Back-to-School Deals for Military Families. "9O00 P90 ,)'>3cu{3,g2`vey#K)O,MY2mSg,5wm:&10Ntqp4p0Fe`20- 9J*fai:1N@I@Lw]0D6.``H00L,T=uPel pd (H) - Head of Household Annuity Payments - U.S. Office of Personnel Management |@V$|h|hCc%|Jt!/0g_}LGPjQW|o/=8^"HOM:r\\id , ea Ao9Co9Co9D*s07yzPN0/8=v!3'I2gu^tr%'E_U-q&*0J%i0s~lg. Even if the full CSRS COLA rate of 8.7% or FERS COLA rate of 7.7% a prorated COLA would result in the annuity rate not increasing, $1.00 is still added to the monthly rate. What Happens When a Military Member Wins the Lottery? You can schedule an appointment or use eFinance to update your dependency status, to ensure proper payment of entitlements. Sept. 30, 2021 90 days Here is a great article on military wallets. CONUS COLA base monthly payments range from $33 to $59 monthly for members with dependents and $22 to $45 monthly for those without dependents. This article may not be republished, rebroadcast, rewritten or otherwise distributed without written permission. Locations for CONUS COLA are defined by the same boundaries as the BAH Program and are known as Military Housing Areas (MHAs), which cover more than 98% of members assigned to CONUS duty stations. Also unlike OCONUS COLA, it changes only once each year, rather than monthly, and is based on cost of living rather than fluctuations in exchange rates between the U.S. dollar and foreign currencies. Crucial tips about the military pay stub: Salary pay, taxable vs. nontaxable, other pays. Calculating Child Support When the Paying Parent Is in the Military In letters to the Pentagon, Air Force, Army and Navy, Sens. The COLA is determined by the percentage increase, if any, between the average 3rd quarter Consumer Price Index (CPI) of the current year over the average 3rd quarter (CPI) of the prior year. It also shows the amount of accrued leave time, any allotments the military member has, and even shows details of the member's chosen . If this timeframe has passed, contact your human resources office immediately for your retirement action and/or packages status. Service members can calculate. Your LES is the same thing as pay stubs inthe civilians world. I now have tools in my belt to work through things, instead of feeling helpless. As of this writing, there are 20 such locations (military housing areas, or MHAs) in the U.S. You are assigned to an unaccompanied tour of duty outside the continental United States if the primary dependent of the member resides in a high cost area in the continental United States. After slow increases over the past 5 years, we now max it out annually. I'll do Deductions and Allotments within the net few days. year-to-date. The biweekly Statement of Earnings and Leave provides a breakdown of the employee's gross pay and biweekly deductions for the pay period and cumulative amounts for the tax year. CONUS Cost-of-Living Allowance | Military.com There may also be non-discretionary allotments listed here, like any child support automatically deducted from pay. - TOT ALMT: This is the total of all the allotments being taken from the month's pay. When you are first starting out aim to put 5% of your income into the TSP. There are two types of FSA, Type I and Type II. 16. If you believe the date is wrong, contact themright away. Spendable income is the amount of income spent on COLA-type goods and services, based on a members regular military compensation minus housing, taxes, savings, gifts, contributions, and life insurance. January 2016. Here's How Much Extra Pay Military Retirees Are Likely to Get with the So this field includes a deduction for mid-month pay to account for the paycheck you received earlier in the month. When you retire, you may be able to elect any of several SBP options, which are listed below. BASE PAY CURRENT: Reserved for future use. While I had a basic understanding of personal finance, so I could find hidden ways to save money on base, learning the ins and outs of military benefits felt like a foreign language. Please note: Your retirement information must be submitted to OPM within 30 days of your retirement date. 44: ST: This is the two digit postal abbreviation for the service member's home of record/place in which they arepaying state taxes. The key is to read your LES each month since it covers the servicemembers pay, taxes,allotments and more. BASE PAY RATE: The percentage of base pay elected or TSP contributions. When the member is transferred to or from sea or overseas duty, completes an additional period of service, is affected by a statutory pay increase or other change which affects pay and allowances(*), pay will be recomputed and, if required, saved pay changes to the pay for the members current grade. As you can see, this is quite a list. Deductions List of amounts that are deducted from your pay, including federal income tax withholding, FICA taxInsurance withholding, (SGLI) andprmiums. VA disability compensation (pay) offers a monthly tax-free payment to Veterans who got sick or injured while serving in the military and to Veterans whose service made an existing condition worse. WAGE YTD: This is the total amount of money earned so far this year subject to SITW. This is your retirement account. 42. ALLOTMENTS: Allotments are less common, but here you will see any allotments theservice member has coordinated. +TOT ENT: This is the total of all the entitlements and allowances going into the month's pay. For most civilian all pay is taxable, there is no differentiation. Additionally, subscribers will be updated when important information is posted to the Pay and Personnel Center's internet site. Serving as the single focal point for commercial travel within DoD Social Security cost-of-living adjustment for 2024 may be much lower - CNBC Servicemembers Group Life Typically, you're paid twice a month. 27. Department of DefenseDepartment of Veterans AffairsMilitary Employment VerificationWarrior Care WebsiteDefense Contract Mgmt Agency DoD Forms 3 financial habits military members should start IMMEDIATELY. Previous years BAS rates. January 2017. 20-22. The key is not to get overwhelmed like I did when I tried to save 30% of our income, pay for grad school in cash, and still have money for emergencies, living and a vacation fund. An area is considered high cost if the non-housing cost of living for that area exceeds a threshold of 108%. PDF Military Pay Codes - Arizona Department of Health Services Pay Processing: DFAS and MyPay - U.S. Department of Defense WAGE YTD: This is the total amount of pay in the fiscal year that is subject to federal taxation. The purpose of Saved Pay is to ensure that a member is not unduly penalized with a reduction in pay for accepting an appointment as either a chief warrant officer or as an officer. 57. It is determined that your primary dependent must reside in a high cost area in CONUS due to your duty location or other circumstances. The remaining 2% are covered by non-MHA areas, known as County Cost Groups (CCGs). Active Duty Pay. Using last year's CPI-W, we can estimate that this year's COLA will probably be somewhere around 1%. The Interactive LES allows you to better understand your LES. So, today you get Entitlements. Therefore, only members assigned to . ET, By Email If this is theservice member's very last LES before separation, the scheduled separation date will be listed here. 18. TSPYTD DEDUCTION: This is the dollar amount of TSP contributions made so far this year. Pay Administration - U.S. Office of Personnel Management Military pay benefits are constantly changing. 11. 28. It does not reimburse expenses, compensate for remoteness, hardship, loss of spousal income, or non-availability of goods and services. Your most recent LES can be found 24 hours a day on myPay. Your BAH depends upon your location, pay grade and whether you have dependents. 33. 65. 76. Military Accounts Support (MAS) Branch This is where you'll want to look for extra pay (if any), and all the things being withdrawn from pay (like taxes, Social Security, TSP, etc). Hang around for a bit and join the fun! Latest pay rates and benefits for military personnel Links to pay charts and information about your military pay entitlements and benefits. A service member may qualify to receive both types . TAX YTD: This is the total amount of money withheld for state taxes so far this year. Box 45, Boyers, PA 16017-0045. For me thehardest part about becoming a military spouse was learning to become financially stable. Sept 30, 2022 75 days .datatable tr.r0 {background-color: #F5FAFA;} . If you've ever faced a deployment, you know one of the first things you'll be told to do for family readiness is to get a copy of your spouse's Leave and Earnings Statement (LES) -- and to make sense of it. Don't know exactly how to get your military spouse and family benefits or want to know more about what they are? (S) - Single Verify your free subscription by following the instructions in the email sent to: A 4.6% pay raise has been proposed for 2023, but will it keep up with inflation? WAGE PERIOD: This is the amount of money earned in this earning period that is subject to FICA. 63. If you still have questions or need to speak with a DFAS professional, please visit the DFAS customer service center to find the correct phone numbers to reach the appropriate customer service team member: myPay Make sure you're up-to-date with everything you've earned. **Please note: The options for reporting marital status have changed. issues here. VA Slashes Home Loan Rates for Native American Vets on Tribal Lands. 59. Sign up for SGLI now! I feel connected even though Navy life keeps us from spending time together before deployment arrives. If you are like I was in the beginning you will think that these small amounts dont matter and you shouldnt even try. The Department of Defense provides the military forces needed to deter war and ensure our nation's security. Career Sea Pay Premium Start Date Calculator, FY23 Update 4 - Workforce Planning Team Results - Enlisted Monetary Interventions, FY23 Workforce Planning Team Results - Aviator Officer Non-Monetary Interventions, ALCOAST 479/22,Update 1 - Military Workforce Planning Team Results - Afloat Officer Intervention, FY23 Military Workforce Planning Team Results -. 2D JFTR: The JFTR code based on the location of the service member's dependents for COLA purposes. Country Year Month Pay Period Having issues? I write about my crazy parenting adventures, discovering happiness in motherhood and navigating the ups and downs of military life. Hours of Operation: Monday - Friday, 8 a.m. to 5 p.m. The subsistence allowance is applicablewhen in a leave or temporary duty status, and is equal to the daily rate for an enlisted member receiving Basic Allowance for Subsistence (ENL-BAS). .datatable td.col {font: bold 0.85em Arial; color: #000000; letter-spacing: 1px; text-transform: uppercase; text-align: center; padding: 6px 6px 6px 12px; background: #23395d: 1px solid #23395d;} The military offers two types of retirement account: TheRothwhere you pay taxes now and the investment earnings grow tax free and the regular TSP program. Hopefully our one-stop explanation of the LES has helped you navigate your service member's LES. See the next post on this subject, Understanding LES Deductions. This date isn't listed by DFAS, but rather, it comes from the personnel office. * Things To Note Always inquire about base housing. Housing related costs are considered part of the Basic Allowance for Housing (BAH) and are excluded from CONUS COLA. Got $5,000? These 2 Growth Stocks Are Trading Near Their 52-Week Lows This article may not be republished, rebroadcast, rewritten or otherwise distributed without written permission. 2024's Social Security COLA increase might be slightly larger than last SEC. (*)When ANY change takes place affecting a Saved Pay members pay and allowances, the SPO/Admin will notify PPC via trouble ticket, and PPC MAS will re-compute members pay. Therefore, only members assigned to duty stations where the non-housing cost of living is at least eight percent above the national average are eligible for CONUS COLA. CCCA = Continuing Civilian Clothing Allowance, CCRA = Cash Clothing Replacement Allowance, CEFIP = Career Enlisted Flyer Incentive Pay, CIP = Combat-related Injury & Rehabilitation, CMA = Clothing Maintenance Allowance or Clothing Allowance, CONUS COLA = Continental U.S. The Pay Entry Basic Date (aka Basic Pay Entry Date, BEPD) is created on initial enlistment/commissioning but can be updated based on unauthorized absence, etc. (W) - Widower Check out DoD's CONUS COLA calculator for details on your location. This amount is adjusted for the taxes paid on CONUS COLA. EXEMPT: Total amount off TSP contributions that the IRS sees as tax exempt. When we first got started we opened up the NAVY Fed $3,000 CD at 3%. Obtain an in-person Password reset from a myPayTrusted Agent https://corpweb1.dfas.mil/askDFAS/custTASOLoad.do. Examples include taxes, SGLI, mid-month pay, and dental. It's an epic post! (April National Military Appreciation Month is celebrated every May and is a declaration that encourages U.S. citizens to observe the Copyright 2023 Military.com. BAH rates. Basic Pay and Subsistence Allowance (BAS) are calculated based on paygrade, and your Housing Allowance (BAH) is determined by zip code and dependants. It does not change based on your location. 7 Apr 2015 Every month, military service members receive a Leave and Earnings Statement (LES). CONUS COLA base monthly payments range from $33 to $59 monthly for members with dependents and $22 to $45 monthly for those without dependents. The current 2015 maximum annual contribution limit is $18,000. 3. 7A for source guidance on military pay policy, including: The Cost-of-Living Allowance in the continental United States (CONUS COLA) is a taxable, supplemental allowance designed to help offset expenses for Service members assigned to expensive CONUS areas. EX: The total number exemptions allowed for your state taxes. Basic Allowance for Subsistence (BAS) rates, deducted from the cost of living, as required by law. and is, therefore, the date of a member's most recent entry on duty without a break in service. The Coast Guard does not presently utilize HDP-M at any duty location. DIEMS: Date Initially Entered Military Service. 6 Things You Need to Know About the Military Pay Stub (LES) 19. The powerful FederalPay Military Pay Calculator allows you to easily calculate yearly military compensation. Required fields are marked *. - CR FWD: This is the dollar value of any unpaid allowances or pay that will be reflected on the next LES as +AMT FWD. Effective 01 October 2011, the monthly rates for Foreign Language Proficiency Pay (FLPP) increased and the Defense Language Proficiency Test (DLPT) score levels for which FLPP is paid expanded. hb```f``: if stationed in the United Stations, the BAH for your location and rank. View more newsletters on our Subscriptions page. The monthly payments will disappear in all 20 counties that aren't part of MHAs where members received them in 2022, as well as in three MHAs. OPM Retirement Operations Center, P.O. Payments per CONUS COLA percentage point range from $33 to $59 per month for members with dependents, and from $22 to $45 per month for members without dependents. DEFERRED: Total amount of TSP contributions that are deferred for tax purposes. Note that the COLA for retired pay is calculated differently than the increase to active duty pay. As one of the worlds largest finance and accounting operations,DFAS manages and processes the pay for all DOD military and civilian personnel, retirees and annuitants, as well as major DOD contractors and vendors. For each affected month, a daily rate will be computed by dividing the monthly total by 30 days for full months or by the actual number of days for partial months. SOC TAX YTD: This is the total of FICA moneys withheld so far. Listen to a Military Child Appreciation Day message specifically for military teens from First Lady Dr. Jill Biden. How Military Families Can Prepare for Civilian Transition, Military Life and Money: How to Keep Your Financial House in Order, How to Find a Budget that Works for Military Families, Military Base Gate Etiquette: 10 Small Ways to Avoid a Giant SNAFU, 15 Hilarious Stages of Military Spouse Friendship Explained in GIFs, The Pain of Saying Goodbye to Your Military Spouse Tribe, 47 Things No One Tells You About Being a Military Wife, 10 Things Military Spouses Wont Tell You About Deployment, The Real Reason Being a Military Wife is So Hard, 31 Days of Printable Affirmations for Military Spouses.
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