Electronic funds transfer for military pay will be mandatory for all service members, retirees and Department of Defense civilians beginning March 1, according to the U.S. Department of Treasury.
The Defense Finance and Accounting Service encourages all affected personnel to set up a direct deposit to their bank accounts prior to the changeover.
“The Treasury has estimated that the U.S. government spends about $130 million each year to print and mail paper checks,” said David McDermott, DFAS deputy director of operations. “DFAS alone spends $2 million that would otherwise be used by the military services and DOD agencies in support of our warfighters.”
Team Ramstein has taken steps to help all community members transition to the paperless system.
“While most of our KMC members already have a direct deposit set up, we want to ensure that everyone has a seamless transition,” said 2nd Lt. Adrianna Perez, 86th Comptroller Squadron Financial Services flight commander. “Our office provided information to the first sergeants in the 86th Airlift Wing to help avoid any extenuating circumstances that may arise between now and March.”
With the change affecting retirees and their annuitants, the KMC Retiree Activities Office also offers assistance to community members.
“The RAO is more than willing to help retirees out, in the office or on the phone, for what’s needed to transition from paper to electronic deposit,” said retired Chief Master Sgt. James Barrante, RAO director. “We were able to help one of our retired chiefs out in the community who actually didn’t own a computer.”
For more information on the mandate, visit the DFAS website at www.dfas.mil/mandatoryeft.html.