Category: Military Pay

29 March

Many overseas military bases are located in high-cost areas. Add to this the fact that housing on and off base is often in short supply, and the fact that there are sometimes wild fluctuations between the exchange rate of the US Dollar and foreign currencies and you have a complicated, and sometimes expensive, situation.The military […]

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29 March

An allotment is a designated amount of money that is automatically distributed for you, from your pay. There are many reasons to have an allotment, including setting aside funds for family, paying off a loan from the military, or paying for your life insurance premiums. The following summarizes what you need to know about allotments: […]

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10 February

BAS is a continuation of the military tradition of providing room and board (or rations) as part of a servicemember’s pay. Although BAS is meant to offset the cost your meals, it is important to note that BAS is not intended to cover the costs of meals for family members. Since January 1, 2002 most […]

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29 January

It is important to plan for the future today, including knowing how and where you should invest your money to have a comfortable future. The following simple steps can help make your transition and your future more comfortable. Create a Plan: Good futures don’t come by accident — people plan and work for them. Make […]

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26 January

If you are a wartime veteran with a limited income and you are no longer able to work, you may qualify for a Veterans Disability Pension or the Veterans Pension for Veterans 65 or older. The following is a summary of Veteran’s Pensions: Many veterans of wartime service are completely unaware of the fact that […]

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25 January

Military Pay Agency Addresses Have a general question about active duty or retired pay rates? Check with the relevant agencies listed below. Be aware that if you call the toll-free telephone numbers, you may have long waits. Army, Navy, Air Force and Marine Corps: Defense Finance and Accounting Service Cleveland Center/ROCAD P.O. Box 99191 Cleveland, […]

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25 January

Pay Tables and More To find the latest news on military pay and benefits, including pay tables and retirement pay calculators, visit  MilitaryPay.Defense.gov. Department of Defense (DOD) Employees You can resolve your military pay issues and report suspected military pay fraud through the Defense Finance and Accounting Service (DFAS). Army, Air Force, Navy, Marine Corps active […]

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24 January

Years before you hang up your uniform and leave active-duty military service, you will need to make a major decision about your retirement pay. If you entered on or after Aug. 1, 1986, you’ll be asked around your 15th year of service to choose between two different retirement plans. The High-36 retirement plan is so named […]

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24 January

There are various types of pay. Basic pay is received by all and is the main component of an individual’s salary. The other pays, often referred to as special and incentive pays, are for specific qualifications or events. For example, there are special pays for aviators and parachutists; special pays are also paid for dangerous […]

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23 January

The purpose of advance pay is to give funds to a member to meet extraordinary expenses incident to a Permanent Change of Station (PCS). It is intended to assist with the out-of-pocket expenses, not typical of day-to-day military living, that precede or exceed reimbursements incurred in a member’s change of duty locations. An advance of […]

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