Military Pay Archive

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Computing Retired Military Pay

Passing on money

There are various provisions of law under which the computation may be made, but retired pay is generally computed either on length of service or on a percentage of disability. If you are retired for disability, you may elect to have your pay computed by either method. The following is a summary of what you need to know about computing retired pay: Calculating Your Retirement Pay Final Pay Retirement Calculator - for those entering service b... more

The Military Retirement System

Marine retirement

If you are considering making the military a career — or you have already made that decision, and just want to know more about your benefits — then this will be of special interest to you. This article looks at the current Military Retirement Systems and the choices facing most today's active duty members. The following is a summary of what you need to know regarding Military Retirement Systems: Military Retirement Overview Factor... more

Military Salary - Pay Overview

overview af academy money

Now available: The Military Pay App. Military.com has launched a new app that allows you instantaneous access to information about your pay and allowances from your mobile device. Get the free app for Android or iOS. Currently, the military compensation system has over 70 separate types of pay and allowances -- that's a lot to keep track of. Fortunately everything you need to know about the military compensation system including: Basic ... more

State Retirement Income Tax

Tax time

Some States exempt all or a portion of retired pay from income taxation. Some States exempt disability retired pay in the same manner as the Federal Government. In all States, disability payments received from VA and all Social Security payments are exempt from taxation. Few States, if any, permit a retirement income credit of the type granted by the Federal Government. State income tax, where applicable, is not withheld from retired pay unle... more

Aviation Career Incentive Pay for Officers

fighter pilot watm airmen

If you are an active duty commissioned officer on aviation duty, you are entitled to Aviation Career incentive pay. Aviation career incentive pay is restricted to regular and reserve officers who hold, or are in training leading to, an aeronautical rating or designation and who engage and remain in aviation service on a career basis. For officers above O-6 with less than 25 years of aviation service: An officer in pay grade O-7 may not... more

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