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All military retirements are protected from inflation by an annual Cost of Living Adjustment (COLA), based on changes in the Consumer Price Index (CPI) as measured by the Department of Labor....
There are two ways of calculating your military retired pay base, the final pay method and the high 36 method. The final pay method sets the retired base pay equal to the final...
E-7 Retiring with 20 Years of Service. This first chart depicts the estimated gross monthly retired payments under both retirement options. Taxes and participation in the SBP are not...
The Department of Defense uses a multi-step formula to compute your retired pay. The amount generally is based on your length of service or your disability percentage. Factors such as the year you entered service and your retirement type also affect your pay. Retired Pay Formula.
You can get a solid estimate in less than five minutes using free retirement pension calculators for the High-36 and Final Pay legacy retirement systems offered by the Defense Department. Here’s how to use them — and what you can do to adjust the outcomes to fund your future retirement lifestyle.