Finance, Manpower, and Resources

While cutoff dates to stop processing transactions fluctuate from month to month, but they are generally around what dates?

6th day for the mid-month and the 20th for the end-of-month payday

What may periods of absence without leave, desertion, and sickness or injury due to personal misconduct may result in?

A negative pay date adjustment

The military pay system allows for Local, Partial, and Emergency Partial payments. A member's commander may authorize immediate cash payments of up to how much?

Amount of accrued entitlement to date

What is the fundamental component of military pay and typically the largest component of a member's pay?

Basic Pay

What are annual military pay raises set by?

Congress and the President in the Nation Defense Authorization Act

Where can a comprehensive statement of a member's entitlements, deductions, allotments, leave information, tax-withholding, and Thrift Savings Plan information?

DFAS Form 702, DFAS Military Leave and Earnings Statement

Members receive two financial statements every month, one at mid-month (net pay advice) and one at the end of the month (LES). These statements are crated centrally by what system?

Defense Finance and Accounting Service (DFAS)

The military pay date is important because it does what?

Determines the length of service for pay purposes

In general, the pay date should be the same date the individual's what?

Entered on Regular Air Force status

The military pay date should be the same date the individual entered on Regular Air Force status if he or she what?

Had no prior service before entering the Air Force

According to AFI 1-1, what are the two key aspects of individual financial responsibility?

Making a personal budget and managing one's debt

Military members are paid on a monthly basis with the option to receive payment how often?

Once or twice/Month

The military pay system allows for Local, Partial, and Emergency Partial payments. What are local cash payments normally only authorized for?

Overseas areas where military banking facilities are not readily available.

In accordance to Federal Law, the 1 January annual pay raise will automatically match what?

Private sector wage increases

The military pay system allow s for Local, Partial, and Emergency Partial payments. What are partial payments limited to?

The amount of pay and allowances the member had accrued to the date of the payment.

The military pay system has processing cutoff dates that affect updates to pay accounts. What is the cut off date?

The day DFAS stops processing transactions against pay account for the current period

Members receive two financial statements every month, one at mid-month and one at the end of the month. The one received mid-month is?

net pay advice

Members receive two financial statements every month, one at mid-month and one at the end of the month. The one received at the end of the month is?

the LES