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What are allotments in military pay?

Allotments are payroll deductions, and a way to pay for things directly from your paycheck \u2013 before you see the money. Most people use them to pay for things like life insurance or repaying a military loan. DoD won't let you set up allotments to pay for things like vehicles, furniture, electronics, and jewelry.

What is a dependent allotment?

An allotment is a way to withhold or distribute money from a service member's military paycheck. There are two types of allotments, discretionary and non-discretionary: Discretionary allotments can be used for expenses such as rent, car payments, loan payments, and voluntary payments to dependents.

How do allotments work in Mypay?

Allotments are only disbursed once a month. The system withholds half of the allotment amount from the mid-month pay. This amount is held by the system until the second half is withheld from the end-of-month pay. The full amount of the allotment will disburse to the designated account on the 1st of every month.

What is an allotment payment?

"Allotment" means a recurring specified deduction for a legal purpose from pay authorized by an employee to be disbursed on a pay period basis to an allotee.

What is a payment allotment?

"Allotment" means a recurring specified deduction for a legal purpose from pay authorized by an employee to be disbursed on a pay period basis to an allotee.

dd 2558

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What is an allotment transaction?

An allotment is a way to withhold or distribute money from a service member's military paycheck. There are two types of allotments, discretionary and non-discretionary: Discretionary allotments can be used for expenses such as rent, car payments, loan payments, and voluntary payments to dependents.

What is allotment type?

An allotment is a way to withhold or distribute money from a service member's military paycheck. There are two types of allotments, discretionary and non-discretionary: Discretionary allotments can be used for expenses such as rent, car payments, loan payments, and voluntary payments to dependents.

What is a discretionary allotment for military?

Discretionary Allotments A discretionary allotment is a voluntary allotment that is setup by a member and may be stopped, started or adjusted at will. Members are authorized no more than six discretionary allotments.

How do I set up a military allotment?

How to set up a military pay allotment. Allotments may be set up through myPay or by using DD Form 2558. When you set up an allotment through myPay, you will see a \u201cno later than\u201d date listed before and after you set up the allotment. This lets you know whether the allotment will start this month or next month.

How long does it take for an allotment to show up on Mypay?

Allotments are only disbursed once a month. The system withholds half of the allotment amount from the mid-month pay. This amount is held by the system until the second half is withheld from the end-of-month pay. The full amount of the allotment will disburse to the designated account on the 1st of every month.

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What are allotments in military pay?

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