For instance, a Soldier might have three 30-day mobilizations in one fiscal year. We don’t know what the pay tables will look like in 2019 or 2020 but 2% each year is a reasonable estimate on the current 2.6% legislative proposal. Government sites or the information, products, or services contained therein. 3. Because the actual number of days served on summer training can vary, it is necessary that training be properly documented as a prerequisite to awarding retirement point credit. All of my time was active, with over ten years as a commissioned officer. Update: this niche benefit has been revoked– see the September 2017 comment and its link at the end of this post. The formula’s resulting dollar figure is rounded down. A good year is defined as one in which you earned a minimum of 50 points.
Nice article. I’m currently 52 as a E-7 have 30 years of service (13 active USMC & 17 USAF reserves) with 6405 points as of to date. For example, 2134 points / 360 * 2.5% = 14.82%. Drill Pay for a National Guard or Reserve Soldier depends on the soldier’s length of service and rank (most enlisted soldiers enter as a Private). Let me know if you have any questions, but for most Reserve/Guard members at age 60 the premiums are more expensive than the coverage is worth. thanks. If you let me know your date of birth (to figure out ages 56 and 60) and your estimated point counts at those ages then we can refine the estimate. just difficult to figure out who can help make that happen.
Chapter and verse would be helpful. You’ll be able to use their calculators and their guides on the Survivor Benefits Plan and their articles on retiree taxes. I intend to apply for reserve retirement instead of active based on the following: I will have approximately 11,313 retirement points when I retire based 40 good years, 29 of which are active duty in the Army Reserve AGR program. This retirement plan offers a pension after 20 years of service that equals 2.5% of your average basic pay for your three highest paid years, or 36 months, for each year you serve. The High-3 calculator shows your estimated retirement benefits in three different tabs. Some retirees in their 60s and 70s were recently informed that the credit for service in their late teens/early 20s has been rescinded and they owe a portion of their back pension to the USG. Shawn, these are excellent questions for a future blog post, and I’ve sent you a long e-mail (from NordsNords at Gmail) about the issues. Those 36 months will probably be the ones just before your pension starts, and at the pay tables in effect when your pension starts. All of my writing revenue is donated to military-friendly charities. Your 2018 pension may be 1%-2% higher, depending on the FY18 budget legislation. http://www.public.navy.mil/bupers-npc/career/retirement/OfficerRetirements/Pages/Mid-Shipman-FAQ’s.aspx ). In addition, if you started at the service academy or signed a ROTC scholarship agreement before 31 December 2017, then when you commission you can opt into the Blended Retirement System. If you’re eligible to start your pension at $2900/month in August 2019, then the only reason you’d delay it would be to continue serving (until your MRD) for at least $2900/month of pay & allowances. Where can I get my calculations for points earned (14 Active/14 Reserve).
You can tinker with these formulas if you change the dates or the ranks. Despite deferred medical, Dorsey said she’s already seen a number of Soldiers taking advantage of the early-age retirement option. All personnel affected by this change will receive individual letters from Navy Personnel Command notifying them that their official record has been modified to indicate the correct retirement credit and/or points, as applicable. I have 8.5 years of active service and have now served as a reservist for 3 years. Your point total would be 4231 and your pension would be 4231 / 360 * 2.5% = 29.38% of the High-Three average of the base pay for your rank and your longevity of the pay tables in effect when your pension starts.
Any thoughts on how to get my officer retirement? I have 3600 points with 21 good year and retired as a E7, Deployed 6/08/10 to 07/28/2011 what can I expect for retirement? If that’s not working then you could try the PERS-9 directory at http://www.public.navy.mil/BUPERS-NPC/CAREER/RESERVEPERSONNELMGMT/Pages/ContactInformation.aspx .
Nice article. I’m currently 52 as a E-7 have 30 years of service (13 active USMC & 17 USAF reserves) with 6405 points as of to date. For example, 2134 points / 360 * 2.5% = 14.82%. Drill Pay for a National Guard or Reserve Soldier depends on the soldier’s length of service and rank (most enlisted soldiers enter as a Private). Let me know if you have any questions, but for most Reserve/Guard members at age 60 the premiums are more expensive than the coverage is worth. thanks. If you let me know your date of birth (to figure out ages 56 and 60) and your estimated point counts at those ages then we can refine the estimate. just difficult to figure out who can help make that happen.
Chapter and verse would be helpful. You’ll be able to use their calculators and their guides on the Survivor Benefits Plan and their articles on retiree taxes. I intend to apply for reserve retirement instead of active based on the following: I will have approximately 11,313 retirement points when I retire based 40 good years, 29 of which are active duty in the Army Reserve AGR program. This retirement plan offers a pension after 20 years of service that equals 2.5% of your average basic pay for your three highest paid years, or 36 months, for each year you serve. The High-3 calculator shows your estimated retirement benefits in three different tabs. Some retirees in their 60s and 70s were recently informed that the credit for service in their late teens/early 20s has been rescinded and they owe a portion of their back pension to the USG. Shawn, these are excellent questions for a future blog post, and I’ve sent you a long e-mail (from NordsNords at Gmail) about the issues. Those 36 months will probably be the ones just before your pension starts, and at the pay tables in effect when your pension starts. All of my writing revenue is donated to military-friendly charities. Your 2018 pension may be 1%-2% higher, depending on the FY18 budget legislation. http://www.public.navy.mil/bupers-npc/career/retirement/OfficerRetirements/Pages/Mid-Shipman-FAQ’s.aspx ). In addition, if you started at the service academy or signed a ROTC scholarship agreement before 31 December 2017, then when you commission you can opt into the Blended Retirement System. If you’re eligible to start your pension at $2900/month in August 2019, then the only reason you’d delay it would be to continue serving (until your MRD) for at least $2900/month of pay & allowances. Where can I get my calculations for points earned (14 Active/14 Reserve).
You can tinker with these formulas if you change the dates or the ranks. Despite deferred medical, Dorsey said she’s already seen a number of Soldiers taking advantage of the early-age retirement option. All personnel affected by this change will receive individual letters from Navy Personnel Command notifying them that their official record has been modified to indicate the correct retirement credit and/or points, as applicable. I have 8.5 years of active service and have now served as a reservist for 3 years. Your point total would be 4231 and your pension would be 4231 / 360 * 2.5% = 29.38% of the High-Three average of the base pay for your rank and your longevity of the pay tables in effect when your pension starts.
Any thoughts on how to get my officer retirement? I have 3600 points with 21 good year and retired as a E7, Deployed 6/08/10 to 07/28/2011 what can I expect for retirement? If that’s not working then you could try the PERS-9 directory at http://www.public.navy.mil/BUPERS-NPC/CAREER/RESERVEPERSONNELMGMT/Pages/ContactInformation.aspx .
Nice article. I’m currently 52 as a E-7 have 30 years of service (13 active USMC & 17 USAF reserves) with 6405 points as of to date. For example, 2134 points / 360 * 2.5% = 14.82%. Drill Pay for a National Guard or Reserve Soldier depends on the soldier’s length of service and rank (most enlisted soldiers enter as a Private). Let me know if you have any questions, but for most Reserve/Guard members at age 60 the premiums are more expensive than the coverage is worth. thanks. If you let me know your date of birth (to figure out ages 56 and 60) and your estimated point counts at those ages then we can refine the estimate. just difficult to figure out who can help make that happen.
Chapter and verse would be helpful. You’ll be able to use their calculators and their guides on the Survivor Benefits Plan and their articles on retiree taxes. I intend to apply for reserve retirement instead of active based on the following: I will have approximately 11,313 retirement points when I retire based 40 good years, 29 of which are active duty in the Army Reserve AGR program. This retirement plan offers a pension after 20 years of service that equals 2.5% of your average basic pay for your three highest paid years, or 36 months, for each year you serve. The High-3 calculator shows your estimated retirement benefits in three different tabs. Some retirees in their 60s and 70s were recently informed that the credit for service in their late teens/early 20s has been rescinded and they owe a portion of their back pension to the USG. Shawn, these are excellent questions for a future blog post, and I’ve sent you a long e-mail (from NordsNords at Gmail) about the issues. Those 36 months will probably be the ones just before your pension starts, and at the pay tables in effect when your pension starts. All of my writing revenue is donated to military-friendly charities. Your 2018 pension may be 1%-2% higher, depending on the FY18 budget legislation. http://www.public.navy.mil/bupers-npc/career/retirement/OfficerRetirements/Pages/Mid-Shipman-FAQ’s.aspx ). In addition, if you started at the service academy or signed a ROTC scholarship agreement before 31 December 2017, then when you commission you can opt into the Blended Retirement System. If you’re eligible to start your pension at $2900/month in August 2019, then the only reason you’d delay it would be to continue serving (until your MRD) for at least $2900/month of pay & allowances. Where can I get my calculations for points earned (14 Active/14 Reserve).
You can tinker with these formulas if you change the dates or the ranks. Despite deferred medical, Dorsey said she’s already seen a number of Soldiers taking advantage of the early-age retirement option. All personnel affected by this change will receive individual letters from Navy Personnel Command notifying them that their official record has been modified to indicate the correct retirement credit and/or points, as applicable. I have 8.5 years of active service and have now served as a reservist for 3 years. Your point total would be 4231 and your pension would be 4231 / 360 * 2.5% = 29.38% of the High-Three average of the base pay for your rank and your longevity of the pay tables in effect when your pension starts.
Any thoughts on how to get my officer retirement? I have 3600 points with 21 good year and retired as a E7, Deployed 6/08/10 to 07/28/2011 what can I expect for retirement? If that’s not working then you could try the PERS-9 directory at http://www.public.navy.mil/BUPERS-NPC/CAREER/RESERVEPERSONNELMGMT/Pages/ContactInformation.aspx .
Leave A Comment