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S1 - Finance Section

FINANCE LINKS
My Pay
Basic Pay
BAH Rates - (Basic Allowance for Housing)
Currency Converter
Defense Travel System
DFAS - Defense Finance and Acounting Services
Military Pay and Compensation
Pay Frequently Asked Questions
PER DIEM Rates -(Temporary Duty Pay Allowance)

EXTRACTS FROM THE DOD FINANCIAL MANAGEMENT REGULATION
Military and Special Pay Regulations
Advance Pay
Basic Allowance for Housing
Basic Allowance for Subsistence
Clothing Allowance Entitlement
Combat Pay
Enlistment & Reenlistment Bonus
Family Seperation Allowance
Flight Pay
Foreign Language Pay
Hardship Duty Pay
Insurance - SGLI
Jump and Special Duty Pay
Nonjudicial Punishment Pay Deductions
Overseas Extension Pay
Separation Pay

POPULAR BANKS
Bank of America Military Bank
Pentagon Federal Credit Union
USAA

BUDGETS, SAVING & INVESTING
American Savings Education Council
Choose To Save
Etrade
Investor Information (SEC)
Money Station
Morningstar Financial Planning
Mutal Fund Education Center
MSN Money
Savings Bonds
Sharebuilder.com
TSP - Thrift Savings Plan
Tips For Kids
66 Ways To Save Money

CALCULATE YOUR REENLISTMENT BONUS
1. Look up your monthly base pay on the military pay chart. (DFAS)
2. Determine your Reenlistment Zone:
Zone A is 17 months - 6 years
Zone B is 6 years - 10 years
Zone C is 10 years - 14 years (Paid up to 16 years)
3. Look up the correct Bonus Multiplier for your Reenlistment Zone and MOS.
(see latest messages at http://www.ArmyReenlistment.com/board.htm)
4. Multiply your monthly base pay by the Bonus Multiplier (BM X BP).
5. Divide this amount by 12 - Round up or down to nearest cent (Bonuses are paid by months not years).
6. Calculate Additional Obligated Service (AOS) by subtracting your current ETS from new ETS, as reenlisted.
7. Multiply Step 5 by AOS. This is your Reenlistment Bonus.
(If over your bonus cap, as stated in MILPER Message, you receive the cap)
8. All Reenlistment Bonuses are paid in a lump sum one time payment.
9. Remember that 25 percent will be deducted for federal taxes. If you pay state taxes, they will be deducted as well.


 

 
 

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