PG, stop giving military advice! Most of your advice is WRONG! I don't care if you pose in a uniform and claim you have 16 years service, most of the advice you give is wrong and you are misleading people.
Yes, you need 20 years of active service to be eligible for retirement. Years ago, you could have reserve time count towards active retirement at the rate of 3 years reserve time = 1year active duty. The Govt stopped that a couple years ago and now converts everything to points. Active duty for 20 years equals 7300 points.....1 point per day for 20 years. Now say you do 10 active, which is 3650 points and 10 reserve, minimum points for a "good year" is 72. That comes out to 3650+720=4370 points. There is a long math formula that converts those points to a dollar amount. Reservists CAN retire after 20 years, but don't get a check until they reach 60 years old. Roughly figured, each point for a reservist =.25 cents at retirement, but that is a real ROUGH figure.
So, if you have say 18 years active, you'd have to stay long enough in the reserves to make up the rest of the missing points to make 7300 to make 20 year active retirement. This stuff can get very confusing, its best to speak with a recruiter or look up further info online in depth.
2007-06-18 21:54:16
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answer #1
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answered by jonn449 6
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Military Retirement Points
2016-10-19 04:04:45
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answer #2
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answered by ? 4
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Yes, you are required to have 20 ACTIVE years in the military.
For Active Duty personnel, immediately after the 20 year anniversary (20 years is the minimum for retirement), the individual starts drawing retirement.
National Guard and Reservist time is added together until they hit the required 20 year minimum, then they start drawing their retirement pay at age 65. At 65, they have usually just reached their time.
2007-06-19 02:50:35
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answer #3
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answered by My world 6
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Yes, I believe that at least 20 years of active duty are needed to collect retired pay immediately upon retirement.
2007-06-18 20:29:15
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answer #4
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answered by Mike W 7
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Yes.
If you think of it as a point system, it makes more sense.
1 point per day of active service. ( drilling days in reserve count as 1 point.)
You need 7200 points to retire.
So say you did 2 years in the drilling reserves then 18 active duty.
You would get 38 points per year in the reserve. 76 total
You have 6480 points from active duty.
Thats 6556 total points,
But you need 7200 points to retire.
reserve and national guard time, does count for active duty retirement, but it is just so little, it usually doesn't make a difference.
IE: in the case above, 2 years reserve, only counted as 2 months active duty time.
2007-06-18 20:23:27
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answer #5
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answered by jeeper_peeper321 7
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except differences have been made that i don't know roughly, 2 many years is the minimum volume of time somebody can serve interior the militia and then receive finished reward. interior the early to mid-Nineties, some service contributors have been allowed to retire formerly than that and take a lump sum as nicely as decreased reward. My brother-in-regulation did that and that i think of he grew to become into an entire fool for doing it. He had 17 years of militia service and 3 greater years does not have been that extensive a deal for him. Like lots of people who did this, all he observed grew to become into the lump sum. He did no longer completely think of with the aid of his determination and understand that interior the long-term, he could be dropping out. My father retired from the militia interior the early Nineteen Seventies after 2 many years of service.
2016-11-06 21:52:55
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answer #6
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answered by Anonymous
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Yes.For ACTIVE retirement pay. Reserve duty is generally not applicable to pay. I am pretty sure about this. I was in the reserves one year, it counted towards my 8 year commitment, but did not count towards retirement or pay. Reserve retirement is not payable until 62 or 65.
2007-06-18 19:45:00
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answer #7
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answered by Anonymous
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John 449 is right..but I thought it was 7200 points..my math sucks... anyway Im shooting for getting 18 years.. then staying to round off to 20 active.
2007-06-18 23:07:52
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answer #8
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answered by dr strangelove 6
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yes, you ned 20 collective active duty years.
2007-06-18 19:48:44
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answer #9
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answered by Anonymous
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I thought it was 30?
Umm from what i've been told by my grand father when i was thinking about joining the Coast Guard Reserves, no.
I believe active duty only increases $.
But i'm no professional in this you should ask someone who really knows. This is 20 years of hard working you should really ask someone who knows.
2007-06-18 19:44:00
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answer #10
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answered by Anonymous
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