Administrative errors, such as the awarding of too many points, can be corrected; however, eligibility for retired pay cannot be withdrawn. Satisfactory completion of accredited correspondence courses at one point for each three credit hours earned.
For enlisted, use date of enlistment. You have 90 days to return it. In , PL imposed a requirement on the Service Secretaries to notify members of the reserve components when they had completed sufficient years for retired pay purposes. Members who transfer to the Retired Reserve until age 60 will receive credit for basic pay purposes only for the years spent in the Retired Reserve.
It is essentially the day you first came on duty, minus any breaks in service, from which they count how long you've served. Your retired pay will be increased annually by a cost-of-living allowance COLA based on the change in the Consumer Price Index CPI from the third quarter of one calendar year to the third quarter of the next. Many soldiers stopped participating when they believed they had completed 20 qualifying years only to discover, much too late at age 60 , that they did not meet the requirements for retired pay. Also, there are statutory periods when service in a particular component may not be counted.
Reserve or National Guard member, you must meet the following minimum requirements to be eligible for retired pay at age In , PL imposed a requirement on the Service Secretaries to notify members of the reserve components when they had completed sufficient years for retired pay purposes.
Conversely, there are periods for which some members are given constructive service, even though they were not actually serving on active or inactive duty. As long as you have no break in service, your RYE will be one year later.
Multiply the result by the basic pay in effect on the date your retired pay starts. Air Force as a KC tanker pilot.
Posted by: Zugis | on October 2, 2012
Guard and Reserve members who separate or are discharged before age 60 will be credited for basic pay purposes only with the years up until their discharge. For example, March 1st, to March 22, is 22 days.
The formula for computing equivalent years of service for Reserve retired pay at age 60 is fairly simple: The highest 36 months for a member who transfers to the Retired Reserve until age 60 will normally be the 36 months before they turn Guard and Reserve members who separate or are discharged before age 60 will be credited for basic pay purposes only with the years up until their discharge.
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