b. I was considering applying for sanctuary next year, before my high tenure 11/2017. I have used the calculators formulas etc, and what I have doesn’t match what DFAS has? If your PEBD is wrong by a few days or weeks then it might not matter. Here’s the requirement list from the Tricare site at: https://tricare.mil/Plans/HealthPlans/TRS “Members of the Selected Reserve (and their families) who meet the following qualifications: Not on active duty orders Not covered under the Transitional Assistance Management Program Not eligible for or enrolled in the Federal Employees Health Benefits (FEHB) program Note: Those members in the Individual Ready Reserve including Navy Reserve Voluntary Training Units do not qualify to purchase TRICARE Reserve Select.”. For easy numbers, let’s say your High-3 Salary is $100,000. If they’re struggling to calculate your pension then you’d direct their attention to the DoD Financial Management Regulation (DoD 7400.14-R, volume 7B, http://comptroller.defense.gov/Portals/45/documents/fmr/Volume_07b.pdf). Save my name, email, and website in this browser for the next time I comment. 2. For more information, please see our Advertising Policy. I’m looking at taking an AGR position. Depending on the dates and locations of your deployment, your pension may start before age 60. (Assuming they lived long enough.) Once your Army records are included in your Navy record, then BUPERS should forward the information over to DFAS. But it’s buried in BUPERSINST 1001.39F of 17 Sep 07, “Administrative Procedures for Navy Reservists”. Those Soldiers with the eligible U.S. codes can accrue reduced-age retirement as follows: During any fiscal year, Soldiers can accrue 90 days of early retirement. You may have to “prove” it to HRC one more time when they contact you (around age 59.5) to do the final paperwork for your pension. I’m now commissioned and currently an O4, but expect to go to the DA Select Res AMEDD Officer board March 2019 and will probably pin O5 on late 2019. You’re considered eligible for retirement when you’ve completed 20 “good years” of service. Some Reserve/Guard members may actually be eligible for a retirement earlier than age 60. But, this is just an estimate. No matter when your pension may start, age 60 is when you’ll also be eligible for Tricare Prime or Select as a Guard retiree. This is a good general overview. That’s a complicated calculation but we can come up with an estimate and you can refine it. You retired awaiting pay in 2007 as a NG E-7 with 21 years of service, and your longevity advances (until your pension starts) just as if you were on active duty the entire time. The date of your 60th birthday. The parenthetical in your note is obsolete. Pension Taxes. I was on active duty for over 16 years Navy, RIF’ed after Gulf War One. Also offered, for a small premium, are accidental death and dismemberment insurance, group legal insurance, and auto and homeowners insurance. So since December my retirement has not been correct period. If you leave your drill billet before March 2021 then you’ll lose Tricare Reserve Select ($43/month or $218/month for member or family in 2019) and have to spend additional money for Tricare Retired Reserve ($452/month or $1083/month in 2019). Confirm your point count (and for those who are at 20 good years, make sure you’ll get your Notice of Eligibility) and then take a six-month Authorized Absence from drill weekends before retiring. How does it work in situations that are effectively opposite the situations mentioned in the previous comments? I am currently deployed but I am AGR, will this deployment count toward reduced age retirement or must I be a TPU soldier. Did this post help? Please point me in the right direction. Many Reserve/Guard members have 3500-4500 points at retirement, so you’re a little on the higher end of the bell curve. However you might be eligible for some 90-day periods after the law was modified in 2013 and late 2014. DoD requires that your pension be deposited directly in your financial account, so you’ll also need to check that they enter your account numbers correctly. Initial Entry was 7/15/1982, but my PEBD is 11/8/1984. Most important of all, check your analysis with a lawyer who’s familiar with military divorce. If you are younger than age 62, your pension multiplier would be 1%. The pension benefit formula is the key design feature of defined benefit pensions. The definition of active federal service starts in Title 10 of the U.S. Code, parts 101(d)(6) and (7). When adding military time (that you bought back) to your civilian time, you don’t drop the days until you’ve added everything up. High Three retirees won’t notice a difference in their 36-month average. In the first case, the veteran could buy back that time toward a federal civil service pension with the military service credit deposit. Have knowledge of Title 10 USC concerning retirement, DOD FMR vol 7b, and the AR’s. So how does OPM calculate your creditable service? Mark, I’m having a little trouble sorting out your terminology, but I’ll give it a shot and you let me know if I’m interpreting it correctly. You accumulate points for drill weekends, active duty periods, and under some special circumstances: Each day of active duty counts as one point. This is the amount that the retirement pay is based on, not the pay rates at 32 years, is that correct? As of January 2013, Congress authorized more categories to the 2008 National Defense Authorization Act, which originally applied only to reserve-component Soldiers serving in overseas contingency operations like Iraq and Afghanistan, said Sheila Dorsey, chief, Reserve Component Retirements. I feel that the most important factor in either pension is its COLA, and your TERA pension may grow at an annual rate of 1%-2%. Most Reserve/Guard retirees are willing to take this risk because the Department of Defense pays for it. Your email address will not be published. Author: Doug Nordman Last Updated: November 6, 2020 162 Comments Advertiser Disclosure: Opinions, reviews, analyses & recommendations are the author’s alone, and have not been reviewed, endorsed or approved by any other entity. The first step is applying for your pension through your military service: http://www.moaa.org/Content/Benefits-and-Discounts/Pay-and-Benefits/Military-Pay-Issues/Guard/Reserve-Retirement-Benefits.aspx You’ll need your Notice Of Eligibility for your pension, your point count, and your approved retirement request. It authorizes the Guard to waive that three-year requirement to two years: “(A) The Secretary of Defense may authorize the Secretary of a military department to reduce the 3-year period required by paragraph (3)(A) to a period not less than two years.” You have to request the waiver, they have to approve it, and two years is a hard minimum. I want to decide if the increase in retired pay is sufficient to stay in the Air Guard as a Drill Status Guardsman (DSG) another 28 months, until I reach age 60, or if I should just retire in the next few months. So1826* .426 = $777 a month (estimated- before tax, SBP, RCSPB, etc). I have always wanted to rejoin, or work with the government, etc. It’s remotely possible that they still have their page 13 admin remarks. Your privacy is our top priority, and we promise to keep your email safe! Then you’re continued on active duty (in a different personnel category) until you reach 20 years of service. When your PEBD or DIEMS is set to that date then you’ll be paid for your current rank— and with over 26 years of longevity. However, for purposes of this post, we’re going to assume that your retirement eligibility is based on the main requirement of 20 good years. However your military service can count toward earning a higher civil-service pension (when you meet the requirements of the civil-service pension). In my case, is the extra 308 points used for anything? For most servicemembers, it’s considered the day that you first raised your hand, took the oath, and received an ID card. The pay base for that pension is calculated from the average of the highest 36 months of pay in that rank using the pay tables in effect when you start that pension. I held my commission for 10 years and 08 months in the Navy. Your pension will be based on the 2017 pay table (the year you turned age 60) at the longevity of your rank as though you’d been on active duty all the way up to 2017. I have about a total of 16 years of active duty (10 USA commissioned, 6 enlisted) and about 14 enlisted reserve years from the Navy. Is there any truth to that? I understand the formula for calculating the percent based on points 11,313 points divided by 360 days based on 30 day months = 31.24 years x 2.5% 0 = 78.5%, The calculator on the My Army Benefits Website reflects my “final basic pay” as 7,845 a month, E-9 over 39 years. Please let me know how this works out. I think you did a much better job of explaining these issues than the actual Navy Reserves! That should earn you the 15 participation points for a good year, but of course it’d be even better if you earned 50 points on your own before December 2020. Maybe the result would be $2900/month. Thanks, gotta love a comment from anyone named “Moondoggie”! Can anyone show me in writing where it says you can or cannot get credit for your Midshipmen summer cruise? https://themilitarywallet.com/national-guard-and-reserve-early-retirement-age/ Regardless of when the Reserve pension starts, Tricare would still only start at age 60. So in calculating my retirement is my service percentile totally dependant on my total points or do I get any thing extra % for the years I have over 20 i.e. The next question is whether you’re retiring under the pay base system of “Final Pay, “High Three”, or the Blended Retirement System. When you’re planning your federal retirement – be sure to take these common pension reductions into account. In the “Notes” tab of the Cornell law website ( https://www.law.cornell.edu/uscode/text/10/101 ) it says “In clause (22), the definition of “active duty” is based on the definition of “active Federal service” in the source statute, since it is believed to be closer to general usage than the definition in 50:901(b), which excludes active duty for training from the general concept of active duty.” That’s generally the contentious issue: ADT and AT (or anything else with the word “training” in it) does not count as active duty. Thank you. Thanks in advance. You can read more about that at this post: https://the-military-guide.com/reserve-military-retirement-for-active-duty-veterans-with-previous-reserve-or-national-guard-service/. In 2009, after a legal review by both Navy Personnel Command and Defense Finance and Accounting Services (DFAS), it was determined that Title 10 U.S.C. So far I am hitting dead end after dead end. Mike, those are great questions, and I’m pretty sure that federal law (Title 10 U.S. Code section 1370) takes precedence over AR 135-180. I already have a disability rating of 30% from my active duty time when I was involuntary separated. This was years ago. You could estimate that E-8 pay in 2020 tops out at $6290/month and in 2021 at $6384/month. Most federal civilian employees hired after 1983 are automatically covered by FERS which is described as a “three-tiered retirement plan” including the following: Am I right for being concerned or is there a system in place that provides for soldiers who are as close to retirement as I am? Would that be in the Financial Management Regulation or somewhere else? If I retire in May 2015, four months short of my 62nd birthday, will my 900-plus sick leave hours be used to push my service date past my birthday and therefore make me eligible for the .011 pension multiplier (instead of the .01 multiplier)? FERS disability benefits are computed in different ways depending on the annuitant’s age and amount of service at retirement. The part which I’m frequently asked about is paragraph 1370(d)(5)(A). It has nothing to do with the actual calculation of your retirement pay. In addition, FERS disability retirement benefits are recomputed after the first twelve months and again at age 62, if the annuitant is under age 62 at the time of disability retirement. We already know the pay tables for 2019: https://the-military-guide.com/2019-military-pay-chart/ but we don’t know the paytables for 2020 or 2021. Also is there a way to calculate my active years in service. I pinned on 31 Aug 2018 and was planning on retiring 31 Aug 2021. I requested an extension of my MRD for two years and they gave me one, forcing my retirement at 61 and holding my 06 rank for 1.5 years. By the time you’re 60 years old, the COLA could make your TERA pension higher than your Reserve pension. https://www.dfas.mil/retiredmilitary/plan/estimate.html. That’s why I’ve created an online workshop to help educate Federal Employees on these critical concepts. That too would meet the criteria. My total points is 6522 but only 6214 for retirement. I was just selected for 0-5 and expect the promotion in the next 10 months. And will I be eligible if I have less than 30 years? Your best option is to contact your service’s personnel branch to determine their policy and to request TERA. Great question, Dennis, and I understand why you seem a little frustrated by the lack of information from people who should know how the system works. My question: Is PEBD used during calculation of my retirement pay ? I am over 18 for seniority and pay. If you have a point-count summary that lists a reason or reference for points that don’t “count” then I could try to research it. If so please leave us a comment below. (Not many gray-area retirees have an account.) Any number of combinations that add to 90 days would count. If that happens then you’ll get less than $1975/month. Federal law includes a section called “sanctuary”: any servicemember, active or Reserve/Guard, who reaches 18 years of active duty must be continued on active duty to 20 years (and an active-duty retirement). (It’s certainly not in federal law or on DoD’s website.) Currently I have 6677 points, but I’m deployed right now and will have 6849 at the end of this deployment. Thanks. This is more than 37 years since February 1983, which is the >34 and >36 columns in the O-3 pay tables (for 2018, 2019, and 2020).
2020 federal reserve pension multiplier