Brainscape's Knowledge GenomeTM

Browse over 1 million classes created by top students, professors, publishers, and experts.


See full index

Bonds & Allotments > 1 > Flashcards

1 Flashcards

1
Q

What two options can be used to change or stop an allotment?

A

Allotment worksheet or a pen and ink change to the les.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
2
Q

What institutions can allotments not go to?

A

Finance companies and insurance companies (except for life insurance).

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
3
Q

What is the maximum number of allotment a mbr can have in force at one time?

A

14

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
4
Q

What must each allotment have if going to the same payee?

A

A separate and distinct account number.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
5
Q

Who is authorized to have allotments from pay?

A

Active duty mbrs, Reservist on ADT for 140 or more days, and retired mbrs.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
6
Q

What is the maximum number of loan allotments a mbr can have?

A

2.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
7
Q

How many days must the mbr wait before filing a non receipt of allotment check worksheet?

A

5 postal days

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
8
Q

How many savings allotments can a mbr have?

A

No designated limit for active duty, and retirees can only have 1.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
9
Q

How many insurance allotments can a mbr have?

A

No designated limit.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
10
Q

What is the minimum lump sum repayment amount?

A

$500.00.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
11
Q

What is the minimum period that a loan allotment should not be changed?

A

1 year.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
12
Q

While on active duty when are allotments not authorized?

A

When liquidating advance pay and allowances.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
13
Q

When will an allotment be stopped by HRSIC?

A

When any change in status (i.e. reduction in grade) does not leave enough funds for the existing allotments.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
14
Q

When must an allotment process in PMIS to show up in the following months pay?

A

Prior to the end of month compute.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
15
Q

Is a general power of attorney acceptable to make changes to an allotment?

A

No, it must specifically authorize changes to allotments.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
16
Q

What happens to an allotment upon death of the allotter?

A

All allotments are revoked.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
17
Q

Who is responsible to ensure that allotments adhere to the regulations?

A

The SPO.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
18
Q

What are the regulations concerning charity allotments?

A

Minimum of $1.00, expire at the end of the calendar year, cannot be stopped for 3 months

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
19
Q

Who can submit “T” (garnishment) allotments?

A

PSC(only).

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
20
Q

How many clothing checkage allotments can be made at one time?

A

One.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
21
Q

How long will PSC take to issue a EFT payment in case of a non receipt of an allotment?

A

Normally, 3 Business days after email/trouble ticket is submitted

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
22
Q

How long must a mbr wait to submit lost bond worksheets?

A

30 days after the bonds normal arrival date.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
23
Q

Where are bonds allowed to be mailed to?

A

Addresses in the US (possessions and territories), Mexico, Canada and APO/FPO.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
24
Q

Why can’t a mbr receive a refund of MGIB money paid in?

A

Because the money was actually a reduction in basic pay rather than an allotment.

25
Q

What is the form number for the allotment worksheet?

A

CG-PPC-2040

26
Q

Where is the allotment worksheet found?

A

3PM, Encl 1.

27
Q

Change transactions may only be used to change what?

A

The amount.

28
Q

How many allotments may be started and/or stopped on one allotment authorization?

A

Three.

29
Q

What is the maximum amount (face amount) of bonds which may be purchased and held by any one persons in any one calendar year?

A

$30,000.

30
Q

What is the minimum amount a mbr can have deducted monthly to purchase a bond?

A

$12.50 (to purchase a $100.00 bond)

31
Q

What is the maximum amount a mbr can have deducted monthly to purchase a bond?

A

$500.00 (over one month to purchase a $1000.00 bond)

32
Q

How would you report a missing bond?

A

CG-PPC-2050.

33
Q

With the exception of what two allotments only one allotment of any type is allowed to the same payee?

A

Bond and loan allotments.

34
Q

How many and what types of non-discretionary allotments are there?

A

Eight, B (Bond), C (CGC), E or F (VEAP), L (Mutual assistance, credit union, or bank), T (indebtedness).

35
Q

. How many and what types of discretionary allotments are there?

A

Six, D (Dependents), H (Home loan), I (insurance), M (navy mutual aid), N (USGLI), O (other, S (savings/checking), X (CG association).

36
Q

What is the maximum amount that can be withheld for delinquent support payments?

A

50% of disposable earnings in any month that the mbr shows proof he/she is supporting another dependent, 60% for in any month proof is not shown, and an additional 5% anytime payments are in arrears.

37
Q

Can a pen and ink change to the LES be used to start or stop an allotment?

A

Yes.

38
Q

What form must be mailed to the bureau of public debt when lost, stolen or mutilated savings bonds are reported?

A

PD-3062 is completed by the mbr and forwarded to the BPD. Instructions are on the form.

39
Q

How long does PSChave to notify a member that notice of support order has been received, of the percentages that may be withheld, and that the mbr, may submit documentation that the notice is in error.

A

15 calendar days to notify mbr at their unit, command must submit notice to PSCthat mbr has been legally advised with 30 dys of notice.

40
Q

When a support payment allotment must be started by PSCand allotments must be stopped to satisfy the order unless mbr states otherwise in what order are allotments stopped?

A

C, B, X, S, E (or F), L, D, H, I, M, and N.

41
Q

What is the maximum amount of pay that may be taken to satisfy a garnishment order?

A

The lesser of 25% of mbrs pay or the maximum amt under applicable state law.

42
Q

Names some types of pay that may not be included in the 25% of available pay for garnishment rule?

A

Subsistence pay, CMA,

43
Q

What are the two types of bonds that are available to mbrs?

A

Series EE, Series I

44
Q

How do you start, stop and make address changes to a bond?

A

Using PSC form 2060

45
Q

If a mbr wants to raise their GI Bill by making an additional contribution of $600, in what increments can the “K” type allotment be made in?

A

In $20 increments

46
Q

For purposes of satisfying a commercial judgment, how long must a reservist be ordered to active duty for PSC to start an involuntary allotment?

A

180 days.

47
Q

Which allotments are NOT available via the self service option in direct access?

A

CFC, MGIB, Loan repayment (CGMA, Red cross),

48
Q

Can you carry an allotment for rent into retirement?

A

Rent No, Home loan Yes

49
Q

What are special payments?

A

Payments of pay and allowances not paid on a regular semimonthly payroll cycle

50
Q

When are special payments made?

A

When pay discrepancies meets the following criteria: 10% of total pay, $150.00 or more, create a financial hardship, and not be scheduled to be reimbursed the next payday.

51
Q

What is non-receipt of pay?

A

Check that is 5 or more working days late, EFT not received, or received but lost or stolen.

52
Q

What is a pay discrepancy?

A

LES reflects a different amount than what was received, or an entitlement was not paid.

53
Q

What is the time frame to file a non-receipt of allotment?

A

5 postal dys after the date of the check

54
Q

What happens if non-receipt is submitted more than 45 dys form the check date?

A

The Treasury must determine status and rectify.

55
Q

What is the time frame for non-receipt of a savings bond?

A

Mbr must wait 30 dys from the expected delivery date

56
Q

What does the SPO do when a bond is missing?

A

Sends an email to BONDS/HRSIC

57
Q

Who must sign the lost bond explanation letter (that is sent to HRSIC)?

A

The registered owner of the bond.

58
Q

Where else might a mbr receive lost bond recovery services?

A

At any bank which issues bonds.

59
Q

Can a mbr receive a special payment for a pay discrepancy involving a bonus?

A

No.

Bonds & Allotments (1 decks)

Brainscape helps you reach your goals faster, through stronger study habits.
© 2024 Bold Learning Solutions. Terms and Conditions