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Military.com Forums
Coast Guard Discussions
Pay, Investing and Retirement Planning
Retirement?|
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New Member |
Can anyone explain to me that when you retire. How long can you draw retirement. Is there a limit in years, ect.? I have no idea where to look for information that would spell out the actual time to pull retirement.
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New Member |
Don't quite understand...if your talking military then you draw that till you die.
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There Ain't No Such Thing As A Free Lunch |
I've been drawing mine since 1973. If you truly are a Warrant I don't understand why you don't know this. Heck, I knew the answer when I enlisted at the ripe age of 17.
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I intend to live forever. So far, so good. |
Stan, it is hard to believe a CWO wouldn't know this.... Let's keep in mind he is in the Army, and perhaps in the reserve....
Wray.... |
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Member |
....Wray, only if he is who he really claims to be!
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Member |
Good point. I was thinking, basically, the same thing.
Any one should know the answer to his question. Especially him. Beware! |
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I intend to live forever. So far, so good. |
I'm always aware.. I also looked at his previous posts.. I think he may be legit.... just uninformed.
Wray.... |
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Member |
Uninformed! There are 3 types of people in this world.
1 - Those who make things happen; 2 - Those who watch things happen; and 3 - Those who wonder what the F#@! happened. If a CWO is uniformed of something like this, where you think he falls? And if he is legit, I hate being a subordinate of him looking for advice and mentoring! |
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New Member |
remember the Army makes some folks Warrant Officers at initial entry.
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I intend to live forever. So far, so good. |
"None ya" why not come out of your closet & join the rest of us here in the real world.. we don't bite.
Wray... |
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New Member |
Nope, I was Prior army and no coast guard. I was not going to stay till retirement and now I plan on it. I am just tring to weed out the truth from fiction.
Thanks, John |
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New Member |
yeah, you do. every time someone asks a question you think they should know the answer to! |
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I intend to live forever. So far, so good. |
David,
Welcome... actually it doesn't drive me crazy... I may find it a bit annoying....but... I also like to know to whom I am talking. (just a manners thing I was taught as a kid) I also don't bite... I may have a different opinion, but then again we all have and are entitled to our opinions.. and that is what this site is all about. Once again, Welcome. Wray... |
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New Member |
I have a quick question.. I was talking to a wife the other day and she started telling me that when her husband retires that he will be getting 65% for 20yrs or 85% for 30yrs. When I said I thought it was 50 and 75. She said that since her husband is a officer they get a higher percentage. I was just wondering if this was correct info because it was the first time I ever heard this. Thanks for your time
Respectfully, Brooke |
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Member |
11296882
retirement % are based on time and only time. Officers get no additional money just because they are officers. once upon a time Enlisted members got an additional % for good conduct but that went away decades ago. |
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Experienced Member |
...and you are one of the only guys left who are old enough to still qualify, right? (assuming you kept out of trouble, which might be a stretch!) |
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Member |
actually even I am not that old.
But I do have the stars on my GCM to prove I never got caught |
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Member |
You got an extra 10% for good conduct. Still gaining 2.5% for evry year over 20. That's why so many got out at 26.5 years with the full load of 75%. Don't remember when the cut off was.
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I intend to live forever. So far, so good. |
Members entitled to the extra 10% for good conduct could retire with 26 years of service and receive the retirement pay of a member retiring with 30 years of service.
Wray.... |
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Experienced Member |
...close, but it would be 75% of two different numbers due to the pay charts, right?
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