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The below chart provides the basic criteria to determine which retirement plan applies: All four of the regular and non-regular retirement plans determine initial monthly retired pay by...
- Active Duty Retirement
The basic retirement formula is: Retired Pay Base X...
- Disability Retirement
Disability retirement is sometimes called Chapter 61...
- Retirement COLA
The first COLA adjustment after retirement is calculated...
- Concurrent DoD and VA Pay
This program provides a 10-year phase-out of the offset to...
- Reserve Retirement
The retired pay base for a qualified reserve retirement...
- RMC Calculator
Regular Military Compensation (RMC) is defined as the sum of...
- High-3 Calculator
Military Pay and Benefits Website sponsored by the Office of...
- Basic Pay
Basic Pay is the fundamental component of military pay. All...
- Active Duty Retirement
Dec 26, 2023 · Military pay will increase 5.2% for 2024, compared to 2023 levels. The military pay charts linked below apply to active members of the Navy, Marine Corps, Army, Air Force, Coast Guard and...
- Final Pay Retirement System
- High 36 Retirement System
- CSB/REDUX Retirement System
- Blended Retirement System
If you first entered the military before Sep. 7, 1980 you are eligible for the Final Pay Retirement system. Under this system your retired pay is computed by multiplying your final monthly base pay when you retire by 2.5% for every year of your service. That means you get 50% of your base pay if you retire with 20 years of service or 100% of your b...
If you first entered the military between Sep. 8, 1980 and July 31, 1986 you are eligible for the High 36 Retirement System. The High 36 retirement system is almost exactly the same as the Final Pay Retirement System above except that you compute retired pay using the average base pay for your three highest paid years (36 months), rather than final...
If you first entered the military between Aug. 1, 1986 and Dec. 31, 2017 you qualify for the CSB/REDUX Retirement System ORthe High 36 system. Under the CSB/REDUX system your pension is based on the average of your highest 36 month's base pay like above, but the similarity ends there. The CSB/REDUX system gives you a "Career Status Bonus" (CSB) whe...
If you first enter the military after Jan. 1, 2018 you are eligible for the BRS. Under the BRS, your pension is similar to the CSB/REDUX system, you will get 40% of your base pay after 20 years. You also get a bonus at 12 years which is usually 2.5% of your annual base pay, however this amount can change depending on the needs of the service. The m...
Military Retirement pay is one of the top three benefits of military service. Know the types of military retirement plans and the retired pay multiplier.
Aug 26, 2024 · You can get a solid estimate in less than five minutes using free retirement pension calculators for the High-36 and Final Pay legacy retirement systems offered by the Defense Department. Here’s how to use them — and what you can do to adjust the outcomes to fund your future retirement lifestyle.
E-7 Retiring with 20 Years of Service. This first chart depicts the estimated gross monthly retired payments under both retirement options. Taxes and participation in the SBP are not...
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Active duty servicemembers of all branches are eligible for military retirement pay after serving 20 years of service. Reserve and National Guard Members are typically eligible for retirement after 20 years of qualifying service, with pay starting at age 60.
