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
There is a chance of receiving 60% at 20 yrs. and 85% at 30 years. If one performs a rescue with extraordinary valor, they will get an extra 10 % at retirement. It doesn't matter whether officer or enlisted.
There is a chance of receiving 60% at 20 yrs. and 85% at 30 years. If one performs a rescue with extraordinary valor, they will get an extra 10 % at retirement. It doesn't matter whether officer or enlisted.
Can you show me that in writing, or provide a link?
I did see a rescue swimmer receive his award with the "extrordinary heroism" attachment while stationed in Clearwater, but I belive he got out soon after.
The Act of October 6, 1945, ch. 393 [Public Law 190, 79th Congress], §4, 59 Stat. 538, 539 (1945), authorized the voluntary retirement and transfer to the Reserve of Army enlisted personnel with at least 20 but not more than 29 years of active service, with monthly retired pay to be computed at 2.5 percent of the last 6-month's average monthly pay times the number of years of service, up to a maximum of 29 years. As is readily apparent, this formula deviated from the "standard" in two ways--it used an average pay rather than terminal pay as its base, and the highest multiple it allowed was 72.5 percent instead of 75 percent (since only 29 years of service could be used in the computation). The Act of August 10, 1946, ch. 952 [Public Law 952, 79th Congress], §6, 60 Stat. 993, 995-996 (1946), rectified this situation by permitting retirements up to the 30-year point and by providing for the computation of retired pay under the standard formula. It also provided a 10 percent increase in retired pay for extraordinary heroism.
