TRAINEE GUIDE - Recruit Training Command - The US Navy

TRAINEE GUIDE A-950-0001
A. Introduction
OUTLINE SHEET 2-01-1
MILITARY PAY AND BENEFITS/DIRECT DEPOSIT SYSTEM
It is very important to maintain a healthy financial
lifestyle. In order to do that, you must start with a
basic understanding of your military pay and benefits.
B. Enabling Objective(s):
25.1 Identify the purpose of the military leave and
earnings statement.
25.2 Explain military pay entitlements and
deductions.
25.3 Explain the Direct Deposit System (DDS).
a. Purpose
b. Benefits
c. Sign-up procedures
d. Changing accounts
25.4 Explain the procedures and rules governing
recruit finances.
25.5 Describe the differences between Credit Unions and Banks
25.6 Describe checking and savings accounts.
25.7 Identify the need for emergency funds
25.8 Explain basic check book register management techniques.
25.9 Describe ATM and check cards.
23.21 Explain the relationship between the Navy Core
Values and military pay and benefits.
C. Topic Outline
1. Introduction
2. Purpose of the Military Leave and Earnings Statement—
Provides a monthly record of your leave and pay account
that shows:
a. Entitlements (pay)
b. Deductions
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