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All military retirements are protected from inflation by an annual Cost of Living Adjustment (COLA), 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. Know the types of military retirement plans and the retired pay multiplier.
The Department of Defense uses a multi-step formula to compute your retired pay. The amount generally is based on your length of service or your disability percentage. Factors such as the year you entered service and your retirement type also affect your pay. Retired Pay Formula.
Get military retirement pay information and estimates using with these free Defense Department High-3 and Final Pay retirement pension calculators.
Use our free military retirement calculator to estimate your monthly and annual High 3 or Blended Retirement System payments. Skip to primary navigation Skip to main content
E-7 Retiring with 20 Years of Service. This first chart depicts the estimated gross monthly retired payments under both retirement options. Taxes and participation in the SBP are not...
Active Duty Retirement. Members who accumulate 20 or more years of active service are eligible for retirement. There are three non-disability retirement plans currently in effect for active duty...
There are currently four different retirement pay systems depending on when you joined the military. See the summary for each retirement system.
Retired military pay, VA disability pay, federal retirement and Social Security payment increases coming in 2024.
Our military retirement calculator below provides a quick and accurate estimate of your monthly and annual retirement pay. Whether you’re active duty or serving in the National Guard or the Reserves, this tool is designed to help you plan your financial future with confidence.