To permit starts, changes, or stops to allotments. To maintain a record of allotments and ensure starts, changes, and stops are in keeping with member's desires. ROUTINE USES: To the Federal Reserve banks to distribute payments made through the direct deposit system to financial organizations or their processing agents authorized by individuals to receive and deposit payments in their accounts. It may also be disclosed to the Treasury Department, Internal Revenue Service, Social Security Admini.
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How to fill out the DD Form 2558 'Authorization to Start, Stop or Change an Allotment' online
Filling out the DD Form 2558 is essential for managing allotments within military pay systems. This guide will provide clear, step-by-step instructions to help you complete this form successfully online, ensuring your requests are processed efficiently.
Follow the steps to complete your form
- Click the ‘Get Form’ button to access the DD Form 2558 and open it in your chosen editor.
- Select your branch of service by marking the appropriate box (Army, Navy, Air Force, or Marine Corps).
- Enter your name as the allotter in the designated fields (Last, First, Middle Initial).
- Provide your Department of Defense ID number in the specified section.
- Fill in your pay grade information.
- Include your current address (Street or Box Number, City, State, ZIP Code).
- Provide your daytime telephone number, including the area code.
- Indicate the effective date for the allotment action (format: YYYYMM).
- Select the type of allotment action you wish to take by marking one of the options: Start, Stop, or Change.
- If applicable, enter the monthly amount of the allotment in the designated field.
- Specify the term in months for the allotment.
- Select the allotment class authorized by marking the appropriate box.
- Complete the allottee's mailing address if different from your address.
- If relevant, fill in the section for a foreign address.
- If necessary, provide any remarks or additional information in the remarks section.
- Enter the company code, financial institution, and routing transit number if applicable.
- Provide your account number or policy number as required.
- Review all entered information for accuracy before signing.
- Sign and date the form to certify your understanding and submit it according to provided instructions.
- Once completed, you can save changes, download, print, or share the form as needed.
Complete your DD Form 2558 online today to manage your allotments effectively.
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Get answers to your most pressing questions about US Legal Forms API.
How many discretionary allotments are authorized?
You can have a maximum of six discretionary allotments. The following allotments are considered non-discretionary, and they do not count toward your maximum of six: Delinquent tax payments (federal, state, or local) Repayment of debts owed to the government.
How do I stop 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.
What does allotment mean on Les?
The third, and simplest, major block on a military Leave and Earnings Statement (LES) shows the allotments that you have set up to have money paid directly to various companies or organizations. These are sometimes known as payroll deductions.
What is discretionary allotment on les?
"Discretionary allotments" means a recurring specified deduction for a legal purpose from pay authorized by an employee to be disbursed on a monthly basis to an allottee.
How do allotments work?
An allotment is a designated amount of money that is automatically distributed for you, from your pay. You can have allotments sent to bank accounts, insurance companies and more.
How do you set up an 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 “no later than” date listed before and after you set up the allotment. This lets you know whether the allotment will start this month or next month.
What is the difference between discretionary and financial allotment?
A financial allotment is a deposit into a checking or savings account at a financial institution (a portion of an employee's salary) deducted through recurring payroll deductions. This allotment is deposited through DD/EFT. Note: Allotments for bill paying purposes are considered to be discretionary allotments.
How do Les allotments 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.
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