When you decide to leave the military, you will receive a payment to your bank account through the Electronic Funds Transfer (EFT) process. This payment is taxable, so you may take home a smaller percentage of your civilian salary than you did in the military. To make sure that you receive your payment and all of your rights, it is important to update your contact information with your staff office and in MyPay. You will have access to your MyPay account for 13 months after your separation.
Additionally, some important payment information is only sent to you on paper, so if you move after leaving the service, remember to update your mailing address. Generally, service members receive their final payment when they separate or soon after. However, it's always wise to plan for the worst, which could be a wait of 120 days or more if your account is flagged for an additional audit. As part of the military pay and benefits package, military service members get 30 days of paid leave per year. You start from scratch, and for every month of military service, 2.5 days of leave are added to your license account.
The most you can carry over from one fiscal year to the next is 60 days, except in certain very limited situations where you can transfer more. To ensure that you receive your payment and all of your rights when leaving the military, it is important to update your contact information with your staff office and in MyPay. Additionally, make sure to update your mailing address if you move after leaving the service. It is also wise to plan for the worst in terms of receiving your final payment, as it could take up to 120 days or more if your account is flagged for an additional audit.
