Supplemental Instructions DFAS R&A Pay DD Form 2558 Authorization to Start, Stop or Change an Allotment When to use this form: The DD Form 2558 is used when you need to start a new allotment to.
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How to fill out the DD Form 2558 online
The DD Form 2558 is an essential document used to start, stop, or change an allotment from your retired pay account. This guide provides clear, step-by-step instructions to help you complete the form accurately and efficiently online.
Follow the steps to fill out the DD Form 2558 online
- Click the ‘Get Form’ button to obtain the form and open it in your online editor.
- Identify your branch of service by marking ‘X’ next to the corresponding option provided on the form.
- Enter your full name in the field designated for the name of the allotter.
- Provide your Social Security Number (SSN) in the designated section.
- Fill out your pay grade in the corresponding field.
- Write your complete mailing address in the address of allotter section.
- Include a daytime telephone number where you can be reached.
- Specify the effective date for when you want the allotment to start, stop, or change.
- Indicate the monthly amount of the allotment that you wish to start or modify.
- Provide the name of the individual, bank, or insurance company that should receive the allotment.
- Mark ‘X’ in the section that corresponds to whether you are starting, stopping, or changing an allotment.
- Select the type of allotment action you wish to take by marking ‘X’ next to the appropriate option.
- If applicable, fill in the street address where the allotment should be sent.
- Complete the section for remarks if there is any additional information necessary for processing.
- If relevant, provide the company code or financial institution and routing transit number.
- Fill in your account number or policy number if applicable.
- Include totals for any specified classes of allotments.
- Sign the form to validate your request.
- Provide the date when you completed and signed the form.
- Ensure all necessary information is filled out completely to avoid delays.
- After reviewing, save any changes made to the form.
- Download or print the completed form for your records, and if needed, share it as required.
Complete your DD Form 2558 online today to ensure timely processing of your allotment changes.
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Get answers to your most pressing questions about US Legal Forms API.
How do I set up a military allotment?
Starting, Stopping or Changing Allotments Log into myPay. Select Allotments For EFT Allotments, you can START or CHANGE or STOP an allotment amount and STOP an existing allotment. For Home Loan and Navy Mutual Aid Service allotments, you can only STOP or CHANGE money amounts.
How do you set up an allotment?
Log into myPay. ... Select "Allotments" from the Menu. ... Click "Add Dependent Allotment" ... Click "Yes" on the Pop Up. ... Complete the Form and click "Continue" ... Click "Submit" ... Click "Finished"
How do I set up an allotment through myPay?
Log into myPay. Select Allotments For EFT Allotments, you can START or CHANGE or STOP an allotment amount and STOP an existing allotment. For Home Loan and Navy Mutual Aid Service allotments, you can only STOP or CHANGE money amounts.
What is an allotment in banking?
An allotment is a portion of your paycheck which instead of being deposited into your primary bank account is deposited into another account as directed by you. These funds are paid in full with the first of the month. ... There are various reasons you may want to establish an allotment.
How long does it take for a military allotment to start?
When you set up an allotment, the process begins with the next full month of pay, which means that allotments set up after the 7th or so with not begin until the next month. Once the allotment starts, it is calculated on the full month.
Where can I get DD Forms?
To view DOD Forms, Directives, and Instructions, visit the following link: https://www.esd.whs.mil/DD/. From this main page, click on the DOD Forms or DOD Issuances drop-down menus in the toolbar to search for a specific form, directive or instruction by issuance number or subject matter.
How does military allotment work?
How do military pay allotments work? With an allotment, half of the allotted amount is deducted from your mid-month pay, and that amount remains in the system until the other half is deducted from your end-of-month pay. At that time, the entire amount is submitted to the designated recipient.
How long does it take to get military severance pay?
Your first CRSC monthly payment should be processed in 30 to 45 days after we receive your approval letter from your branch of service. In some cases, additional information, research or computation is required.
How do allotments work with myPay?
Allotments are split evenly between two paychecks per month. For example, a $500 allotment would deduct $250 from the first paycheck of the month and $250 from the second paycheck of the month. Allotments can be started and stopped through the myPay website or using DD Form 2558.
How many allotments can you have coming out of your military pay?
Limits on military pay allotmentsYou can have up to six discretionary allotments per month, and any number of non-discretionary allotments, but you may not have more than 15 allotments per month.
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