Pay Date Change

http://www.dfas.mil/retiredmilitary/manage/payschedule.html

http://www.dfas.mil/retiredmilitary/newsevents/newsletter/paydatechange.html
Pay Date Change  – A change in the law means you’ll receive your September and December pay a few days earlier this year.

The 2011 National Defense Authorization Act requires DFAS to process your pay by the first day of the month. When that day falls on a weekend or national holiday, the pay date is moved to the previous business day.

In 2011, this means your payment normally scheduled for Oct. 3 will be issued on Sept. 30 and your payment normally scheduled for Jan. 3, 2012, will be issued on Dec. 30, 2011.

As a result of the second payment in December, you’ll receive a total of 13 pay checks instead of the normal 12 in the 2011 tax year, which may increase your tax liability.

Because Jan. 1 is always a federal holiday, going forward you’ll always receive your January pay the previous December.   So in 2012 and beyond, when we’ve fully transitioned to the new schedule, you will receive the normal 12 pay checks.

See 2011 and 2012 Pay Schedule

This change applies to retired pay, Concurrent Retirement and Disability Pay, Combat Related Special Compensation, allotments, garnishments and court-ordered former spouse and child support payments. It does not affect annuity payments.

Tax Information
We cannot provide tax advice, but we encourage you to speak with a tax advisor, the Internal Revenue Service or your state tax authority to determine if your tax withholding will satisfy your federal and state income taxes when you file your 2011 tax return.

If you decide that you need to make changes to your tax withholding, you can do so using myPay, by completing a new IRS Form W-4 for federal withholding, or a DD 2866 for state withholding.  Please mail or fax forms to:

DFAS Retired Military Pay
P.O. Box 7130
London, KY 40742-7130

Fax: 800-469-6559

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About Ancil W. Jones

I am a Christian, Husband, Father, Grandfather, DoD employee, retired Navy Hospital Corpsman Chief Petty Officer, Disabled American Veteran Service Officer and real estate broker licensed in North Carolina. Please contact me for local information, relocation information and referral assistance. I will also be happy to answer any of your real estate questions. Contact me as well for information regarding the Disabled American Veterans and/or assistance with any claim you may have or wish to submit with the VA. May God's blessings be upon the United States of America and all those that serve to protect our way of life.
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