Pay & Personnel Flashcards
What is the form number for an Allotment?
CG-2040
A member is permitted to have only ONE current allotment of the following type:
CFC, one education allotment, MGIB additional amount, Loan Repay-CGMA, Navy Mutual Aid Insurance
Allotments may not be submitted more than _____ months in advance
Two
What is the form for a Nonreceipt Allotment?
CG-2050; mail to PPC (mas)
Members claiming exemption
from federal withholding must file a new IRS Form W-4 each year by ___________.
15
February.
What form is required for establishing a new legal residence/domicile?
DD Form 2058
Those who qualify for imminent danger pay also qualify for _________.
combat tax exclusion
Members serving in a combat zone are allowed an extension of up to ____ days
to file their federal income tax return.
180
Member’s can contribute up to what percentage of basic pay, incentive pay, special pay, and bonuses to TSP.
100%
What is the age-based withdrawal for TSP participants?
59 and 1/2 or older; members may also do financial hardship in-service withdrawals if they can certify.
What is the minimum loan amount for a TSP loan?
$1000
What is the maximum TSP loan amount?
$50000
Members ____ or older or who will reach age ____ on or prior to 31 December can invest in the TSP catch-up program
50 years and over.
NOTE: The member must be contributing the maximum amount of regular TSP contributions before any contribution can
be made to the Catch-Up program.
What is the additional amount maximum for TSP catch-up?
$6000
What form do you use to change your TSP contribution?
TSP-U-1
The semi-monthly payslip notifies the member of a planned collection action for debts of less than ______.
$1000
How many allotments are authorized per AD member?
14 discretionary + non-discretionary
Regular and reserve members on active duty for ____ days or more can make allotments.
140
What is the maximum number of allotments a member may have?
14