do you collect army retirement for the rest of your life after +20 years of service?

Question

I am just trying to figure out if you collect that check from the time you get out of the service after 20 years, and collect from that point on for the rest of your life....Anybody know for sure and where I can read it for myself?

Answer 1

Yes, once you start recieving your retirement pension you recieve it as long as you are retired from the military, just like any other retirement pension.

You get 50% of your base pay after 20 years, and 75% after 30 years.

Answer 2

You can retire from the military anytime after 20 years of service. The rate of pay is 2.5 times the number of years you serve. So 20 years is 50% of your base pay. 30 years is 75% of your base pay. It starts one month after you retire and ends when you die. There is a program that allows you give your spouce some of your retirement pay if you die before she does.

If you serve 18 years in the military, you are automatically eligible for retirement on 20 years. After 18 years the only way they can prevent you from receiving retirement pay is if you commit a courts-martial office.

You receive Tri-Care (medical care) for you and your wife forever. You have BX and Commissary priveledges forever, you can fly in military planes on a space available basis for a small fee. The BX or as it is officially called AAFES has hotels around the world where you can stay at rates that are fixed by the highest rank you held.

Don't believe the BS. The military is a great way of life. I went in the Air Force during Viet Nam war. It was a terrrible war, but all wars are terrible. But I can honesty say that military life gave me more than any other thing I have ever done.

Answer 3

Yes, once you reach 20 years of service you are eligible to retire, although depending on your rank you can stay in up to 30 years, and Warrant Officers can even stay in a potential 45 years (although it's rare.).

Once you apply for retirement, and it's approved, yes you will receive your retirement benefits for the rest of your life. If you make the right decisions when you retire, your spouse will receive survivor's benefits long after you die as well.

Army retirement isn't just money, though! You also get Medical coverage, eligibility to use Army (and other Service's) recreational facilities worldwide (Resort Hotels in Disney World, Korea, Germany and on Waikiki Beach in Hawaii), Space-Available air travel on Air Force Flights worldwide (for you and your spouse!), and others benefits as well.

Retirement pay is 50% of your base pay at retirment...so if you make $5,000/month when you retire in Base pay (not counting Housing allowance, rations, etc...) you will receive $2,500/month for life (with annual increases for inflation).

All in all a pretty sweet deal!

Answer 4

After 20 years you are ELIGIBLE to retire. Depending on how many years beyond the 20 will decide how much of a retirement you receive. At 20 years, you will receive 50% of your basic pay (see this table for the pay:
http://www.military.com/military/benefits/0,15465,military_pay_charts,00.html#Enlisted

You will begin receiving you retired pay the month following your retirement date. There is also a program called the SURVIVOR BENEFIT PLAN where part of your retired pay is set aside in case you pass away, your spouse will receive a portion of your retirement. See this website for an explanation:
http://www.military.com/benefits/survivor-benefits/survivor-
benefit-plan-explained

(USN, retired...1965 - 1985 drawing 52% retirement, plus I will draw my Social Security and 2 pensions from 2 different unions)

Answer 5

Yep, depending on what your rank is, you'll get a check after retirement.

Answer 6

after 20 years they retire you

Answer 7

Hey man,

Im hoping you already are not in the Army, because the Military is notorious for screwing their people over. I was supposed to go into the Marine Corps, but thankfully, my dad talked me out of it. So did my cousin, who USED to be a marine. The Marine Corps, as well as the military screwed him left, right, forward, and backwards. They lied to him about his "Free College Money," about his Healthcare, his family benefits, and about his "Retirement Pay." They kicked him out for no reason after 19 years of service because they didnt want to have to pay for his retirement. And not just the Marines, but the whole military will screw you like that. That is something you will obviously NEVER hear from a recruiter. Im hoping you are not already in the military, cause I dont want this to happen to you.

But if you havent enlisted yet, DONT! I know college is kinda expensive, but just try it. You will LOVE it! Besides, in college, you dont have people telling you what to do, and if you dont like a class your taking, simply dont show up. I have been down that road of considering the military, and I cannot thank my dad enough for talking me out of it.
But, if your in the military, just try your best to bank up as much money as you can so you can still have a chance at life after the military.
But as for "Retirement Pay", total BS.

Hope this helps, take care.