Keyword Analysis & Research: military retirement calculator 2012

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Frequently Asked Questions

Does military pay have an army retirement calculator?

While Military Pay does provide an army retirement calculator that directs you offsite, as mentioned above, it also has calculators that are specific to its website. RMC Calculator (basic level of compensation every service member receives based on various factors; calculator provided by Military Pay)

How is retirement pay calculated for the Department of Defense?

The Department of Defense uses a multi-step formula to compute your retired pay. The amount generally is based on your length of service or your disability percentage. Factors such as the year you entered service and your retirement type also affect your pay.

Does the DFAS have an army retirement calculator?

The DFAS actually doesn’t have its own army retirement calculator. It simply directs people to the calculators provided by Military Pay. However, one reason it is good to look at the DFAS website while trying to calculate your retirement pay is that it breaks down how retirement pay is calculated in a brief and easy-to-understand manner.

How is the retirement multiplier calculated for years of service?

For both the Final Pay and High-36 retired pay plans, each year of service is worth 2.5% toward the retirement multiplier. For example, 20 years of service would equal a 50% multiplier. The years of service creditable are computed differently depending upon whether retirement is from full time active duty or from a reserve career.

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