Military Retirement Archive

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Your Mission: Saving for Retirement

Young Servicemember and Family

Whether you’re beginning to save for retirement or have an active plan of action, bravo! You’re well on your way to securing the future for you and your family. If you plan to stay in the military through retirement, your pension will act as a good starting point. You may be eligible for a pension, or retired pay, if you serve a minimum amount of time—usually 20 years. The amount of your pension will be based on the number of years you served ... more

Understanding Divorce in the Military

Divorce

This content is provided courtesy of USAA. Legally, military personnel who are getting divorced are no different than anyone else, so the procedural process is the same. If you are in the military or a military spouse, there are some additional factors that can affect your divorce. For instance, the process may take longer if one of you is on active duty in a remote area or have a permanent station overseas. There are some states that have r... more

Military Retirement General Information

Army officer retirement  ceremony.

Personal and Family Information This period of transition provides an excellent opportunity to get your personal and Family records in order. Original or certified copies of documents are required when you file for various benefits from the Department of Veterans Affairs (VA), Social Security Administration (SSA), and other government agencies. You should make sure that your vital documents are in order and that your next of kin or the ... more

Transition Leave Overview

Army soldiers plan with a document.

Document AR 600-8-10, Leave and Pass Administrative Absences, governs leave. Transition leave is ordinary leave chargeable to the Soldiers accrued leave account and granted together with transition from the service, to include retirement. At retirement, the leave you have accrued through your retirement date may be sold (limit of 60 days per career), used as transition leave, or split between these two options. You must decide what is bes... more

Transitioning from Military Service

Survivor Benefits for Death on Active Duty: Death Gratuity -- Lump sum payment of $100,000 (tax free). Servicemembers' Group Life Insurance (SGLI) -- Coverage of up to $400,000. Pay -- Arrears in pay and payment for accumulated leave. Medical/Dental Benefits -- Receive benefits as "Active Duty Dependents" for three years. After three years, transition to TRICARE, just like the families of military retirees. Dependant children ... more

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News From DFAS

A couple of news items pertaining to the Defense Finance and Accounting Service (DFAS).  None of these are long enough to make a whole post, but they still warrant attention: Email Address Changing From time to time, DFAS sends out emails that contain important information pertaining to your pay account.  These are called “SmartDocs” emails […]

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