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  • 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

  • Upcoming Changes To Military Retirement System Explained

    Retirement Compass

    <!-- .style1 {font-style: italic} --> The military retirement system will be undergoing major changes in the near future. This is based on a recommendation by the Military Retirement Modernization Commission which conducted a long-term study of the military retirement benefit and made a recommendation to Congress. Their recommendation was included in the National Defense Authorization Act of 2016 and will be effective in 2018. Current Mili... 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

  • The Military Retirement System (Part 2)

    Red question mark

    In Part One we looked the basics of each retirement system. In this article we'll break it down and provide you with some basic comparisons to assist you in making what could be the "choice of a lifetime." Eligiblity: If you entered the service after August 1986 you are eligible to choose either the High 36 retirement system, or the Career Status Bonus/REDUX (CSB) retirement system. If you decline to make a choice you will automatically rece... more

  • New Pentagon Chief 'Open to Reconsidering' Military Retirement System

    Secretary of Defense Ash Carter is greeted by Brig. Gen. Viet Luong, commander of Train, Assist, Advise Command, south, as he arrives at Kandahar Airfield, Afghanistan, Feb. 22, 2015. Glenn Fawcett/DoD

    KANDAHAR AIR FIELD, Afghanistan -- Secretary of Defense Ashton Carter said Sunday he is open to altering the military retirement system but would not want changes forced on current or former servicemembers. A congressionally chartered Military Compensation and Retirement Modernization Commission submitted proposals last month to lower personnel costs in the Defense Department. It recommended changes to entice troops to opt out of the current ... more

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