Military Retirement Pay Cap is Lifted

Week of July 23, 2007

Retiring military personnel - who have had due 30 years of service or more - will no longer have their retirement pay capped at 75 percent of base pay thanks to changes in the National Defense Authorization Act for Fiscal Year 2007. For example, a member who served 32 years will receive 80 percent of their retired pay base and a member who has served 42 years will receive 105 percent of their retired pay base. More detail about the new retirement pay schedule is available from the Defense Finance and Accounting Service.

All military pay information can be found in Military.com's Pay Section.