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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. Under the Final Pay, High-36, and BRS retirement plans, the annual COLA is equal to the percentage increase in the CPI year over year.
This first chart depicts the estimated gross monthly retired payments under both retirement options. Taxes and participation in the SBP are not considered. The REDUX jump reflects the cost-of-living catch up adjustment and multiplier re-adjustment at age 62.
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 retirees. These are Final Pay plan, High-36 Month Average plan, and Military Retirement Reform Act of 1986 (more commonly referred to as REDUX) plan. The basic retirement ...
BRS Calculator - This calculator estimates your retirement benefits under the Blended Retirement System (BRS). High-3 Calculator - This calculator estimates your retirement benefits under the Legacy High-3 retirement plan.
NOTE--BASIC PAY FOR O7-O10 IS LIMITED TO LEVEL II OF THE EXECUTIVE SCHEDULE DURING 2024 ($18,491.70) NOTE--BASIC PAY FOR O6 AND BELOW IS LIMITED TO LEVEL V OF THE EXECUTIVE SCHEDULE IN EFFECT DURING 2024 ($15,000.00) NOTE--Executive Schedule Increase was limited to 4.6 percent due to the Ethics Reform Act WARRANT OFFICERS ENLISTED MEMBERS
Basic Pay is the fundamental component of military pay. All members receive it and typically it is the largest component of a member's pay. A member's grade (usually the same as rank) and years of service determines the amount of basic pay received.
Military Pay and Benefits Website sponsored by the Office of the Under Secretary of Defense for Personnel and Readiness
The retired pay base for a qualified reserve retirement under the Final Pay plan is the monthly basic pay determined at the rates applicable on the day of retirement at the highest grade satisfactorily held during service.
This calculator will compute your regular military compensation based on your inputs. Regular military compensation is the approximate amount of an equivalent civilian salary. The information requested is necessary to determine your cash salary elements and estimate your marginal Federal tax bracket.
note--basic pay for o7-o10 is limited to level ii of the executive schedule during 2022 ($16,974.90) note--basic pay for o6 and below is limited to level v of the executive schedule in effect during 2022 ($13,775.10) monthly basic pay effective 1 january 2022 years of service commissioned officers