How to read a military les

How do you read a military Les?

Fields 1-9 focus on identification. NAME: This is the service member’s name listed Last, First, Middle Initial. SOC. GRADE: The service member’s current paygrade. PAY DATE: This is the Pay Entry Base Date (PEBD). YRS SVC: In two digits, the actual years of creditable service.

What is Les for Military?

The LES is a comprehensive statement of a member’s leave and earnings showing your entitlements, deductions, allotments (fields not used for Reserve and National Guard members), leave information, tax withholding information, and Thrift Savings Plan (TSP) information.

What is lose on Les?

Used – The cumulative amount of leave used during the current fiscal year, or term of enlistment. Cr Bal – The current leave balance as of the end of the period covered by the LES . Use / Lose – The projected number of days of leave that will be lost if not taken on in the current fiscal year on a monthly basis.

What does status Det mean on Les?

If you’re in tech school and you see STATUS DET on your LES , you need to go to finance ASAP. Basically, a STATUS DET attempts to balance your deductions with your entitlements, to give you a $0 paycheck. You could also go to your finance office at any time and ask them.

What does CR FWD mean on Les?

Credit Forward

Why is it important to review your Les each month?

Checking your LES is the best way to make sure that your various deductions and allotments are coming out as you intend. This includes everything from your Servicemembers’ Group Life Insurance (SGLI) payments to Thrift Savings Plan (TSP) contributions to allotments to Dental Premiums.

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What is a military pay stub called?

The Military Leave And Earnings Statement ( LES ) is basically a pay stub for military members. It also shows the amount of accrued leave time, any allotments the military member has, and even shows details of the member’s chosen retirement plan. An LES is also a type of proof-of-service, as we’ll discuss in a moment.

What does Les mean?

Les is defined as a slang, and often cruel, term for a lesbian. An example of les is what someone might call Ellen Degeneres. (slang, colloquial) Short form of lesbian.

How do I read my military w2?

The most frequently seen codes on military W-2s are AA, D, and Q. Code AA represents Roth TSP contributions. The AA will have a number next to it that designates the tax year for which the contributions were made. Code D represents traditional TSP contributions.

What does choice mean on my Les?

Type of retirement plan, i.e. Final Pay, High 3, REDUX; or CHOICE ( CHOICE reflects members who have less than 15 years service and have not elected to go with REDUX or stay with their current retirement plan). Fields 25 through 32 contain leave information.

What is advance debt on Les?

What does the term “ Advance Debt ” on my LES means? That is our military pay system’s way of notifying the member that they’ve been overpaid. This usually occurs during a PCS or a deployment, and the overpayment occurred in a previous months pay cycle.

How is end of month calculated?

At the end of the month , the actual total pay is calculated and the end -of- month pay is the actual total monthly pay minus the amount that was advanced in the mid- month pay .

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Is military pay one month behind?

Military retirement pay is paid once a month . Pay is paid “in arrears,” meaning that it is for a period of time that has already occurred. Therefore, the payment received on 1 June (or 31 May, or 30 May) is for the month of May.

Do you still get paid after you leave the military?

Retirement Pay Active duty military members can retire after 20 years of active duty service. In exchange, they receive retirement pay for life. However, if you spread that out for another 40 years of living, retirement pay has reached a $1 million retirement package.

How does military pay work?

Basic Pay is the base salary for a military member on active duty and counts for part of total military income. Basic Pay is electronically distributed on the 1st and 15th of every month, similar to many civilian jobs. In general annual military pay raises are linked to the increase in civilian wages.