Check out these calculators if you're in the legacy retirement system or if you're an active-duty member in BRS. That amount increases with promotions and years of service, as well as how many days you’ll serve on active or inactive duty. Multiply the result by the average of your highest 36 months of basic pay. But, you will receive withdrawals from your TSP account. Retirement pay is the same whether the reservist served in the Army, Navy, Marine Corps or Air Force Reserve. However, a Reserve or Guard member who did not earn 4,320 or more retirement points as of December 31, 2017, has an option to switch to Blended Retirement or stay in the “legacy retirement system.”. The following table is provided to assist Coast Guard personnel in understanding the acronyms used at the Air Force site. This field is for validation purposes and should be left unchanged. The second category we shall call- Years of Service for Pay Base. Your retirement points should be current in your military records at all times. ), disability percentage assigned by the service at the time you retire. 2. A year’s worth of Guard or Reserve service may be worth more than 70 points, including 15 points for participating each year, 48 points for monthly drill activities, another 15 points for annual training which may vary depending on mission requirements) and any extra points earned through continuing education, honor guard detail, being mobilized, etc. Military Retirement Calculator - Compare military retirement pay against different retirement dates and ranks, estimate future pay for 40 years after retirement and automatically calculates early retirement pay if you enter a retirement date that is less than 20 years of service. Submit all customer inquiries to PPC Customer Care by calling 1-866-772-8724 or (785) 339-2200. The chart divides itself into your personal contribution earnings and those from the government matching, but the total amount belongs to you. This will reduce the amount of monthly pension payouts you’ll receive by that percentage, as you can see from this tab. 444 S. E. Quincy St. Military Retirement Calculators The Department of Defense uses a multi-step formula to compute your retired pay. The retired pay base for a qualified reserve retirement under the The retired pay base for a qualified reserve retirement under the These are Points possible may vary depending on the nature of the duty or training performed. Taking a discharge will impact your retired pay. eligible for reserve retirement when they reach age 60 or, in some into the gray area). Army Reserve Retirement Calculator As a member of the Army Reserve, after 20 qualifying years of service, you are eligible to retire at 60. Again, the calculator will automatically fill in this section for you, based on common scenarios for most service members, but you can customize it, too. There are two non-disability retirement plans currently in effect for reserve qualified retirees. 2. It’s not just that your electronic service records may be subject to errors, glitches, hacking, or other issues. In times when the DoD needs to cut the number of troops currently serving, early-out retirement options are often made available to facilitate those goals. member stopped participation (i.e. In this case, it’s 20 years of “good service” and can be any combination of service between the Guard and Reserve. The amount generally is based on your length of service or your disability percentage. One of these efforts is called Payment Application Modernization (PAM) which will help FMS process agency payment requests in a more efficient and cost effective manner. Members on Inactive Duty Service may be able to earn retirement points in paid or unpaid status (depending on the type of military service). You may only be permitted to opt-into early retirement when the Department of Defense authorizes early-out programs. If you’d like to talk to someone who knows a ton about how to save for the future while still living in the here-and-now, Military OneSource offers free financial counseling for all active-duty members of the National Guard and reserves. As can be seen from these two examples, if you initially entered military service on or after 8 September 1980, you should think carefully before requesting a discharge. Exp Loss Date - this shows the date all contracts expire. Military Benefits Information for US Military, Active Duty, Reserve, National Guard, Military Spouses and Military Family. Reservists have a different system of doing this than the National Guard. plans currently in effect for reserve qualified retirees. Usually this will be the average of the 36 months for the Eligibility to receive military retirement pay is based on service points earned during service. REDUX Calculator - This calculator estimates your retirement benefits under the REDUX retirement plan for those who opted for the Career Status Bonus at 15 years of service, but are not yet retired. We will also receive your request via e-mail sent to "PPC-DG-CustomerCare@uscg.mil". the military department in which they last served. You can obtain the dates from the Employee Summary Sheet (ESS) in CGBI (Note: The ESS is a CG Network Link, please enter via a Coast Guard Standard Workstation or Virtual Desktop Interface) or the CG Member Information report in Direct Access self-service. We will examine the separate Guard and Reserve retirement systems, and what is meant by “good service” below.