Military retirement pay is one of the top three benefits of military service along with medical and other benefits. Understanding how to calculate military retirement pay involves understanding the the final pay and high 36-month average methods. Also, all military retirements are protected from inflation by annual Cost of Living Adjustments (COLAs), based on changes in the Consumer Price Index (CPI) as measured by the Department of Labor.
National Guard & Reserve members who complete a minimum 20 qualifying years of service become eligible for retired pay at age...
The Thrift Savings Plan (TSP) offers servicemembers flexibility in investment planning.
Concurrent Receipt of Disability Pay lets you get military retirement pay and VA disability compensation at the same time.
It's important that all retirees periodically review their military retirement pay to ensure all information is up-to-date.
Retirees residing in the United States can have their paychecks sent by EFT to a financial institution.
Military retiree and annuitant payday is always on the first business day of the month.
Retired servicemembers are permitted to continue some allotments that they had in effect while on active duty.