Over 20 0-20k
Over 20 20-50k
Over 20 50k+
Over 40 0-20k
Over 40 20-50k
Over 40 50k+
Over 60 0-20k
Over 60 20-50k
Over 60 50k+
“If we must have an enemy at the head of Government, let it be one whom we can oppose, and for whom we are not responsible, who will not involve our party in the disgrace of his foolish and bad measures.”
- Alexander Hamilton. Spiritual father of #NeverTrump
1 point per day for active duty, so for 20 years active duty you multliply 20x365 (7300) for 50% retired pay.
For reserves, same point per day for 2 week annual active duty. plus 4 pts per weekend drill. so 14 plus 48 is 62 pts per year for typical reservist.
10 years active duty is 3650 pts, 10 years reserve is 620 pts. 4270 pts total.
4270 earned pts divided by 7300 is 58% of the retirement pay a full 20 active would have gotten you, IOW, cut the 58 in half and you get 29% of your base pay at highest rank.
Having debated with you, I figure you should be able to make captain in your 20....
other advantage is, your retirement means that your Medicare supplemental pay is FREE, altho you will have to pay part B. Part A is free already. Then, Part D, drugs, is also free. So once you turn 65 all you pay is for the part B to get full medicare coverage.
You will have double coverage, Medicare and Tricare For Life. Between 60 and 65 you are covered by Tricare.
You do have to wait til 60 to be receive the benefits, tho. That being true, you may as well stay in the reserves
til age 59, giving you a few more years to make Captain....
Last edited by UtahBill; 07-31-11 at 05:56 PM.
Oracle of Utah
Truth rings hollow in empty heads.
I'm in my 30's now and broke. Medical bills pretty much wiped me out. Going back to school though and taking a personal finance class (funded with grants and loans). Hopefully that will pay off eventually.
The best argument against democracy is a five-minute conversation with the average voter.
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