|reserve military retirement calculator 2020||1.01||0.3||1977||18|
The Reserve/Guard retirement system calculates the multiplier from your total points. Divide your grand total career point count by 360 (because your pay is based on 30-day months) and multiply by 2.5% to come up with your service multiplier.When is the Army Reserve retirement age?
In order to receive military retiree medical benefits, the member must still wait until age 60. Under the new law, members of the National Guard and Reserves are able to reduce the age at which they are eligible to receive retirement pay by three months for each cumulative period of 90 days served on active duty in any fiscal year.Can a military retiree lose their pension?
Military retirement cannot be revoked. Although, the person drawing retirement can lose entitlement to where they are brought back into active duty, prosecuted at court martial and receive a punitive discharge at the court martial. There is no other way to stop retirement pay other than the death of the recipient.Is military retirement pay enough to live on?
Everyone in uniform knows the military's retirement pay isn't enough to live on. Even first term airmen, soldiers, sailors and marines soon learn that even a 20-year military career (or beyond) is a gateway to a new life and a new job. In today's economy it's challenging to invest and save wisely for your military retirement years.