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The Defense Finance and Accounting Service ( DFAS) is an agency of the United States Department of Defense (DOD), headquartered in Indianapolis, Indiana. The DFAS was established in 1991 under the authority, direction, and control of the Under Secretary of Defense (Comptroller)/Chief Financial Officer to strengthen and reduce costs of financial management and operations within the DOD. The ...
Former spouses can receive their marital share of the retirement benefit directly from the Defense Finance and Accounting Service (DFAS) rather than from the ex-spouse, but to do so must have at least 10 years of marriage to the service member which overlaps the military service. [12] The Department of Defense Financial Management (DoDFM) Regulation section 7000.14-R entitled Former Spouse ...
United States military pay is money paid to members of the United States Armed Forces. The amount of pay varies according to the member's rank, time in the military, location duty assignment, and by some special skills the member may have. Pay will be largely based on rank, which goes from E-1 to E-9 for enlisted members, O-1 to O-10 for ...
Global wealth inequality among women shows that pay is 74% of what men’s pay is. The missing 26% is largely due to a lack of pay equality by companies and a lack of negotiating prowess by women.
The standard deduction reduces a taxpayer’s taxable income, ensuring that only households with income above certain thresholds will owe income tax. The standard deduction amounts for 2023 are ...
Mounting costs led Congress to pursue reforms to the military retirement system during the 1980s. Under the National Defense Authorization Act of 1981, the military moved from calculating retirement benefits based on the "final pay," or base pay on the final day of active service, to the "High-3" system. [9] Under "High-3," the retirement payment of a service member would be based upon the ...
As another example, let's say a married couple filing jointly receives Social Security benefits of $20,000. You also bring in $20,000 through other sources. With that, 50% of your benefits plus ...
The American Federation of Government Employees ( AFGE) is an American labor union representing over 750,000 employees of the federal government, about 5,000 employees of the District of Columbia, and a few hundred private sector employees, mostly in and around federal facilities. AFGE is the largest union for civilian, non- postal federal employees and the largest union for District of ...
In 2013 Congress passed a supplemental tax to help boost revenue for the Medicare program. This is known as the Net Investment Income Tax. It is a 3.8% tax that applies only to investment income ...
Leave and Earnings Statement. A Leave and Earnings Statement, generally referred to as an LES, is a document given on a monthly basis to members of the United States military which documents their pay and leave status on a monthly basis. Employees in the civil service receive a similar document each pay period, called a Civilian Leave and ...