1 / 15

Army Pay & Allowances How much will you make?

Army Pay & Allowances How much will you make?. Types of Pay & Allowances. Basic (Base) Pay = Salary (monthly) ; depends upon Pay Grade (Rank) & Years of Service. Basic Allowance for Subsistence (BAS) = Additional pay for food/rations, etc.

kelsa
Télécharger la présentation

Army Pay & Allowances How much will you make?

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Army Pay & Allowances How much will you make?

  2. Types of Pay & Allowances • Basic (Base) Pay = Salary (monthly); depends upon Pay Grade (Rank) & Years of Service. • Basic Allowance for Subsistence (BAS) = Additional pay for food/rations, etc. • Basic Allowance for Housing (BAH); formerly BAQuarters • Only those who live Off-Post (not in government housing or BOQ). • Based upon rates with and with-out dependents. • Includes deviations based upon cost of living (Variable Housing Allowance). • Non-Taxable. • Special Duty/Skills & Incentive Pay: • Flight Pay (on “Flight Status”) = $125 - $840 per month. • Jump Pay (on “Jump Status”) = $150 per month • Hostile Fire Pay/Imminent Danger Pay (Combat Pay) = $225 per month. • Demolition Pay & Dive Pay (must be in duty position). • Cost of Living Adjustment (COLA) = Pay adjustment for living overseas in a high-cost area (includes Hawaii).

  3. BASIC ENTRY: Officer (2LT/O1 vs. PVT/E2) 2LT (less than 2 years) = $2934.30 per month = $35,211.60 / year PV2 (less than 2 years) = $1734.00 per month = $20,808.00 / year

  4. AFTER 3 YEARS: Officer (1LT/O2 vs. SPC/E4) 1LT/O2 (Over 3 years) = $4434.30 per month = $53,211.60 / year SPC/E4 (Over 3 years) = $2238.00 per month = $26,856 / year

  5. BAS BAH (only if you live OFF-POST)

  6. SMP in ROTC E-5 pay ! ($293.72) Typically, one drill weekend includes four (4) drill periods E-2: $231.20 / weekend drill (4xMUTA)

  7. Types of Deductions (Pay) • Federal Income Taxes (based upon W-2 Form). • FICA - Social Security Taxes. • FICA – Medicare. • OPTIONAL Deductions: • Serviceman Group Life Insurance (SGLI) premium ($17.25/mo for $250,000 worth). • Family SGLI premium ($2.50/month for $50,000). • Any previous overpayment or debt owed to the Army/Government.

  8. Types of Allotments (Pay) • U.S. Savings Bonds ($25 = $50). • Investments (Mutual Funds). • Life Insurance (additional Commercial life insurance). • Army Emergency Relief (AER); helps Soldiers in your unit. • Combined Federal Campaign (CFC); charitable contributions. • Alimony/Child Support.

  9. Additional “INCOME” NO Medical or Dental expenses while on Active Duty (you). - Pay minimal amount for spouse & children coverage. MOVING Expenses (FREE military moves – don’t have to pay movers): - Per Diem (daily rate for meals & incidentals). - Temporary Lodging Expenses (off-set having to use a hotel/motel). - Mileage Reimbursement (per mile). - Dislocation Allowance (money to defer costs of moving). - Do-It-Yourself (DITY) move (make $$ by saving the government $$). TAX Savings (not included in taxable income): - BAH & BAS is NON-taxable! - Other special income is typically NON-taxable - Only Base Pay is taxable. “Business Trips” (TDY) – is paid for (lodging, meals, incidentals, & transportation) Tuition Assistance (TA) for Education.

  10. Additional Benefits 30 days of LEAVE (vacation) per year (accumulated @ 2.5 days/month). - can accumulate up to 60 days. Federal Holidays OFF (often a 4-day weekend). Liberal PASS policy (time-off) for good conduct or special considerations. RECREATION: Gyms, pools, recreation facilities, ball-fields, bowling alley’s, auto-craft shops, wood-working shops, arts & crafts shops, golf courses, shooting ranges, horse stables, fishing ponds/lakes, movie theaters…. SCHOOLS: Elementary & Middle Schools for children. CHURCHES on-post. PX & COMMISSARY.

  11. LEAVE & EARNINGS STATEMENT (LES) +1.5 Days x per Month PAID 2 x per MONTH !

  12. Direct Deposit • You will be required to establish a Direct Deposit account (checking or savings) for ALL your Military pay to be deposited into. • You may elect to keep that account throughout your career (I did) or move it as you move from location to location (PCS). • Recommend that you also open a “local” account (checking and/or savings/ATM) when you PCS to a new duty station (if you keep your DD somewhere else). • Recommend elect to receive a Mid-Month Pay & and End-of-Month Pay option. • Even TDY/travel, and other payments will be DD. • My Example: $125 into Savings every pay / rest into Checking.

  13. Leadership Responsibilities • Review the LES of your Soldiers: • Check & verify the number of LEAVE days (“Use/Lose” or “In-the-Hole”). • Check & verify the Mid-Month & End-of-Month Pay (“No Pay Due”). • Unit Commander’s Finance Report (UCFR). Save your LES’s

  14. Comparative Salaries

More Related