The date you began your military service will determine which method is used to calculate your retired pay base. The high 36 method is the average of your highest 36 months of basic pay. The final pay method sets the retired base pay equal to the final basic pay.
There are two ways of calculating your military retired pay base, the final pay method and the high 36 method. This is calculated using percentage of disability or years of credible service. If you are determined to be medically unfit for service with a DoD disability rating of at least 30%, you are eligible for disability pay. The military will contribute 1% of your base pay to your Thrift Savings Plan (TSP).
With BRS, you will receive 40% of your base pay after 20 years and a bonus at 12 years, which is 2.5% of your annual base pay. 1, 2018, you are eligible for the Blended Retirement System (BRS). If you began your military service after Jan. If you have 30 years or more of service, there is no pay reduction. After your 15 year service anniversary you will receive a Career Status Bonus (CSB) and your retirement pay is reduced. This system is based on your highest 36 months base pay. 31, 2017, you qualify for REDUX Retirement System or the High 36 System. If your military service began between Aug. High 36 is very similar to the Final Pay Retirement System except your retired pay is calculated using an average of the three highest paid years of service. 8, 1980, and July 31, 1986, you are eligible for the High 36 Retirement System. If your military service began between Sep. Your retired pay is calculated by multiplying your final base pay by 2.5% for every year of service. 7, 1980, you’re eligible for the Final Pay Retirement system. If you began your military service before Sep. Know your options and how to calculate your military retirement pay to find out which option is best for you. There are a few options depending on when you began your service. Military Retirement PlansĪ military retirement plan could be considered one of the best retirement plans around. 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. Military retirement pay is one of the top three benefits of military service along with medical and other benefits.
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