Servicemembers who remain on active duty or serve in the Reserves or National Guard for twenty years or longer may retire and receive retired pay.
There are currently three retirement systems to choose from. Your Pay and Compensation Administrative Officer within your command can provide more information on these system options.Also, visit DoD's online Retirement Pay Calculators to see how each retirement system will affect you monthly payouts.
Non-Disability Retirement Pay Options
Service members who become wounded, ill or injured may be medically retired. They may receive either a permanent or temporary Disability retirement. A Physical Examination Board (PEB --Medical Board) determines the percent disability and recommends whether the disability is permanent or needs re-examination every 18 months up to 5 years at which time a final retirement system determination is made. See your Pay and Compensation Administrative Officer in your command or at your military treatment facility (MTF) for additional information and referrals.
Visit the Defense Finance and Accounting Service website for calculators that can help you compare regular and disability retirements online.