What types of financial records does the Defense Finance and Accounting Service (DFAS) hold?

The Defense Finance and Accounting Service (DFAS) is responsible for managing and disbursing pay for active-duty military members, retirees, and certain types of separation pay. This includes retired pay, which is financial compensation provided to individuals who have completed a certain length of service, as well as separation pay, which may be awarded to service members who leave the military under specific circumstances.

The records held by DFAS are crucial for the accurate processing and distribution of these payments, ensuring that veterans receive the financial support they are entitled to after their service. This makes them central to the financial well-being of military retirees and separated personnel.

In contrast, the other options relate to different areas of military administration and healthcare. For instance, service treatment records and personnel files focus on medical history and individual service records, while health care expenditures and insurance records pertain to medical costs and coverage rather than direct pay. Military training expenditures, while relevant to budgeting and resource allocation, do not fall under the financial records that DFAS holds specifically for pay-related matters.