Showing posts with label LES. Show all posts
Showing posts with label LES. Show all posts

Wednesday, December 27, 2006

LES, BAQ, huh?

One of the biggest steps in any marriage is combining and managing your finances. As a Navy wife, I needed to learn a completely new language just to figure out how much money my husband earned. Here is some of the basic terminology associated with military pay.

LES = Leave and Earnings Statement. Also could be called a pay stub. Shows leave (sick leave, standard leave, etc- also known as vacation and sick time) and earnings.
Base pay = standard pay scale. This figure is pre-determined and computed by rank and years of service.
BAQ = Basic Allowance for (living) Quarters. Money given to personnel who are permitted to live off the military base. This is also pre-determined and computed by rank and years of service.
ComRats = Commuted Rations. Food "allowance" - for Sailors with Dependents and those who are not required to eat meals in the mess hall.
COLA = Cost of Living Adjustment or Allowance. Additional money to compensate for a higher cost of living at a particular duty station. Hawaii, for example, has a bigger COLA than Idaho.
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