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  • Dd Form 2558 "authorization To Start, Stop Or Change An ...

Get Dd Form 2558 "authorization To Start, Stop Or Change An ...

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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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.

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.

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.

"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.

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.

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.

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 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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© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232
Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
All Forms
Search all Forms
Industries
Forms in Spanish
Localized Forms
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232