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  • Computing Retired Military Pay

    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 Formulas for Computing Retired Pay Annual Incr... more

  • 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

  • COLA for Retired Pay

    Vietnam veterans Robert Rivers and Daniel Brown

    Each year your military retirement pay is adjusted to meet the increased cost of living. This Cost of Living Adjustment varies from year to year based on the rise and fall of the Consumer Price Index (CPI). Cost-of-Living Adjustment Explained Each year Military Retirement pay, Survivor Benefit Plan Annuities, VA Compensation and Pensions, and Social Security benefits are adjusted for the rate of inflation. This annual Cost of Living Adjustme... more

  • Questions About Pay

    Red question mark

    Military Pay Agency Addresses Have a general question about active duty or retired pay rates? Check with the relevant agencies listed below. Be aware that if you call the toll-free telephone numbers, you may have long waits. Army, Navy, Air Force and Marine Corps: Defense Finance and Accounting Service Cleveland Center/ROCAD P.O. Box 99191 Cleveland, OH 44199-2058 Telephone numbers (toll free): 888-DFAS411 (888-332-7411) 800-321-10... more

  • Military Retired Pay Overview

    There are many financial considerations when planning for retirement

    The military (active duty) retirement system is arguably the best retirement deal around. Unlike most retirement plans, the Armed Forces offer a pension (technically a "reduced compensation for reduced services.") with benefits, that start the day you retire, no matter how old you are. That means you could start collecting a regular retirement pension as early as 37 years old. What's more, that pension check can grow with a cost of living adju... more

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