1. (35) Travel and Transportation Allowances & (42) Financial Management
Presented By: Shawna Weber

2. Purpose Explain storage & moving allowances available
Identify differences between this move and a regular PCS move
Inform member of financial resources available for transition

3. Shipment and storage of hhg
Retirees & Certain INVOL Seps
Storage up to 1 full year
Move must be completed within 1 year
Shipment Options:
Any destination in the U.S.
HOR outside the U.S.
Place outside the U.S. called to active duty
Joint Travel Regulations

4. Shipment and storage of hhg
Separations
Storage up to 6 months
Move must be completed in 6 months
Shipment Options
Home of Record (HOR)
Or Place Entered Active Duty (PLEAD)
Joint Travel Regulations

5. $ entitlements $ Monetary Allowance in Lieu of Transportation (MALT)
-Mileage reimbursement and dependents
-Authorized for up to 2 POCs, if used
-$.24/mile for official distance of the travel
Plus (Per Diem)
-Authorized to service member traveling by POC
-Paid on flat rate, whole calendar day basis for the allowable travel time, based on standard per diem rate

6. $ Entitlements $ Personally Procured Moves (PPM)
-Authorized expenses: Truck/Trailer rental Cost of packing materials Hand truck rental Gas, oil, and tolls for rental truck
-NOT Authorized:
Tow dolly
Auto transportation
Insurance fees/sales tax
Meals and Lodging
Gas in second vehicle

7. Thrift savings plan (tsp)
Leave money in TSP account, and receive pension at age 70.5
Withdrawal deadlines :
DoD Employees, continue contribution
April 1 of the later of:
The year following separation or
Withdrawals
A full withdrawal
The year they become age
“lump sum” single payment
Series of monthly payments
Withdrawal taxes :
TSP life annuity
20% Federal income tax (less than 10yr payment plan/not rolled into IRA or 401K)
A partial withdrawal
$1000 or more
10% early withdrawal penalty
1 partial withdrawal per account

8. SURVIVOR BENEFIT PLAN (SBP)
All AD member automatically covered under full amount for 0 cost
Life insurance for retired pay
Monthly income provided to survivors of retired military personnel upon the member’s death
DD Form 2656 Election Form
Cost % of gross retirement pay
Full coverage = 55% of ‘gross pay’
Resources:
Legal Office
Fleet and Family Financial Counselors

9. Survivor benefit plan (sbp)
Eligible beneficiaries:
Spouse Only
Any election less that full coverage – spouse’s notarized signature must be obtained
Cost = 6.5% of gross pay
Spouse and Children
Legal children, under age of 18
If over 18, enrolled in college (until age 22) & unmarried
Adds to Cost based on age of retiree, spouse, and youngest child
Former Spouse
Possibly voluntary or Court ordered
Can be request by former spouse if TSM declines coverage
Children Only
Spouse must be notified
Natural Interest Person (NIP)
Brother/sister, child beyond eligibility
Cost = 10 % of gross pay
No Beneficiary/Declination

10. MILITARY VS CIVILIAN PAY & BENEFITS
Indirect Compensation:
Medical Care
BAH and BAS
Military Pension
SGLI
Pay Growth
Commissary and NEX discounts
Education
Gym Facility
Legal Counseling
Counseling and Assistance Programs
Space “A” Tavel
TriCare Dental
Uniform Allowances
Special Pays

11. resources Travel & Transportation Financial Management PSD
Personal Propery Office
DoDI
Financial Management
Command Financial Specialist
FFSC Financial Counselor
tors/RMC-Calculator
s/survivor-benefit-program/

12. Questions??