# How much does a retired reservist make?

## How much does a retired reservist make?

At retirement, the Reservist would have a point count of eight years of active duty, 10 years of drills, and two one-year mobilization periods. Their total would be at least, 8×365 + 10×75 + 2×365 = 4400 points. If they retired in 2016, this calculator sets their pension at \$1,546.00/month or \$18,552.00/year.

How do I calculate my military reserve retirement pay?

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. For example, 2134 points / 360 * 2.5% = 14.82%.

Which reserves are best?

Which is the best branch for reserve/guard duty?

• AIr Force 🙂 36%
• ARMY Guard. 20%
• ARMY Reserve. 17%
• NAVY Reserve. 16%
• Marine Corps Reserve. 11%

### Do retired reservists get Tricare?

Is TRICARE Retired Reserve Right for You? TRICARE Retired Reserve may be the right option for you and your family if you qualify. The plan provides comprehensive health care coverage upon your retirement and you do not have to wait until you reach age 60 and begin drawing retired pay to purchase the plan.

How much money do retired army officers get?

An Army major is classified as pay grade O-4. If he retired in 2018 after 20 years, he received 50 percent of his basic pay of \$7,869.30, or \$3,934.65 per month. At the other extreme, a 4-star general with pay grade O-10 and 40 years service got 100 percent of his basic pay of \$15,800.10 per month.

When do military reserve members start drawing retirement benefits?

A law passed in early 2008 allows Reserve and Guard members with 20 or more years to begin drawing retirement benefits before age 60 if they deploy for war or national emergency. For every 90 consecutive days spent mobilized, members of the Guard and reserve will see their start date for annuities reduced by three months.

## How is pay determined when you retire from the military?

If you first entered the military before Sep. 8, 1980: Compute your retired pay based on length of service by multiplying the basic monthly pay for your retired grade at the time of retirement by the years of creditable active federal service at the rate of 2.5% for each whole year of service. This is called the “Final Pay” retirement system.

How long does it take for a reserve officer to retire?

The only rule for Reserve officer retirements is that you’ve served satisfactorily in the billet for at least six months. (O-5 and above require three years’ time in grade, which can be waived down to two years, in order to retire at that higher rank.) As near as I’ve been able to learn, that can be accomplished in the IRR.

An Army major is classified as pay grade O-4. If he retired in 2018 after 20 years, he received 50 percent of his basic pay of \$7,869.30, or \$3,934.65 per month. At the other extreme, a 4-star general with pay grade O-10 and 40 years service got 100 percent of his basic pay of \$15,800.10 per month.

How are retirement points calculated for the military?

Reserve component retirement –this pay is offered after 20 years of military service, but is based on a points system which can include points for the following: There are other ways of calculating retirement points for reserve members, the above is not the only method.

### How do you calculate retirement pay for the National Guard?

To determine how much retired pay you may be eligible to receive, the first step is to calculate the number of equivalent years of service. The formula for computing equivalent years of service for Reserve retired pay at age 60 is fairly simple: Total number of Creditable Retirement Points, divided by 360.

Are there any retirement plans for reserve soldiers?

There are two non-disability retirement plans currently in effect for reserve qualified retirees. These are Final Pay plan, High-36 Month Average plan. There is no REDUX retirement plan under non-regular (reserve) retirement. The basic retirement formula is: