There are many things happening on the retired officer allowance screen. Below we try to provide helpful feedback on how the information is all working and being calculated.
Basic Information
The basic information section highlights the officer’s detailed information based on the expected retirement due date. The length of service listed to the right of the “Retirement Date” field represents the officer’s expected length of service at the date of retirement.
...
The “Long Service Order” and “LSO Allowance” show the estimated long service award that will be added to the retired officer’s allowance. The LS award shown is based on the length of service at retirement (shown next to “Retirement Date”) and will not factor in retirement credits such as overseas credits.
...
Allowance Information
The allowance info section allows users to customize a variety of allowance options. In the rare case they are needed, these values can be manually updated and will be factored into the onscreen retired allowance amounts and the retired allowance worksheet.
...
A “Discretionary Grant” allows users to add a custom amount to an officer’s monthly retired allowance. When selected, it compares the officer’s retired allowance income to the grant ceiling amount (under Settings>Retirement Options) and allows users to add the difference as a grant amount.
...
Allowance Information Summary
The “Basic Weekly” amount is pulled based on the “Total Allowance Time” length of service from the table under Settings>Weekly Allowances. If the officer retires in 2017 or later they will receive the individual rate, even if married. This amount can be overridden with a custom rate if desired.
...
The “Pay Period” drop-down allows users to change the retired allowance numbers onscreen to reflect a different pay period.
...
Summary Calculations
Here are how the values in the allowance information summary are calculated:
Subtotal = (Basic Weekly x Factor) + Differential Adjustment
Total Weekly = Subtotal + Long Service + Domestic Allowances + Positional 100% + Widow/Widower’s Allowance
Monthly Schedule = (Total Weekly + Extenuating Circumstances) x 4.333
Adjusted Totals = Monthly Schedule + Social Security Equalized + Medicare Premium + Total Other Adjustments + DIscretionary Grant
...
Retired Officer Grants
The housing, furnishing, and automobile grant section allows users to see what officers are eligible to receive as one-time grants. It also will allow users to enter when grants have been awarded for each type.
...
| Info |
|---|
Be sure to use the appropriate amounts from the table based on marital status and if married, divide the total result by 2 as the award for each spouse. |
...
Adjustments
The adjustments section is linked to the “Total Other Adjustments” field under the allowance information section. The adjustments table details each adjustment that makes up the total adjustment amount. This is where users can add or remove adjustments and see the total amount awarded.
...