Insert Currency from the Military Leave Policy and eSign it in minutes

Aug 6th, 2022
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How to Insert Currency from the Military Leave Policy

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hello welcome to jw military finance im your host jw this is probably one of my last videos recorded here on the island um im excited about it pcs in about 10 days anyhow here we go today we are going to talk about selling back leave and to re-enlistment but first subscribe to my channel give this video a like share my content with your friends that thats out of the way lets get on to that controversial topic selling leave its a dirty word in the military why would you sell your leave youre going to lose money but you only get base pay youre going to lose money youre not going to lose money in fact selling your leave is the only way that you get extra money now lets talk about some details first first and foremost you can only sell 60 days over the course of your entire career and as of a few days ago i have now sold 60 days of leave all right i truly believe that selling your leave is a good thing all right i sold 60 days when can you sell leave if youre an enlisted member y

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Terminal leave is just like regular leave except that members arent required to report back to their duty station after completion of the leave. The member can move to their desired location without returning to work.
In order to calculate your terminal leave, find the block labeled ETS BAL on your Leave and Earnings Statement (LES). This block estimates how much leave you will have at your date of separation. This is your terminal leave, which is a paid leave granted immediately prior to a military members end of service.
0:16 2:07 Learn How to Fill the DA Form 31 Request and Authority for Leave YouTube Start of suggested clip End of suggested clip Or more days from the time of travel. The first section of DA Form 31. Found in the top right cornerMoreOr more days from the time of travel. The first section of DA Form 31. Found in the top right corner of the document. Will ask for your control. Number once you have filled out your appropriate.
Service members are authorized to sell back their military leave, also known as cashing in their leave, when they are discharged from the military under honorable conditions. 37 U.S. Code 501. Leave is valued at 1/30 of base pay per day cashed in.
In order to calculate your terminal leave, find the block labeled ETS BAL on your Leave and Earnings Statement (LES). This block estimates how much leave you will have at your date of separation. This is your terminal leave, which is a paid leave granted immediately prior to a military members end of service.
Terminal leave is granted at the discretion of your command.
How Do I Calculate the Terminal Leave Money I Can Get? Terminal leave is valued at 1/30 of base pay per day cashed in. However, taxes are also withheld from your final payment at the rate of 25% for federal tax and varying amounts for state tax!
Transitioning members may sell back any unused leave. Members are authorized to receive a cash payment for any unused leave when they separate from the military if they are retiring or separating with an honorable discharge. You can also take what is known as terminal or separation leave when you are being discharged.

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