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Reservist Retirement

Discussion in 'Military' started by Damie Street, Jan 18, 2024.

  1. Jan 18, 2024 at 5:19 AM
    #1
    Damie Street

    Damie Street [OP] New Member

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    Hello All,

    Was wondering if there were any retired reservist in the group that I could possible ask a few questions?

    I am a reservist with 15 years in service but 7 of those are active duty time from deployments and ADOS orders.
     
  2. Feb 10, 2024 at 10:11 AM
    #2
    SDNY

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    I retired from the Air National Guard 3 years ago. If you have questions. maybe I can help.
     
  3. Feb 10, 2024 at 10:53 AM
    #3
    art64

    art64 New Member

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    Yup. Retired in 2020 in the Air Force Reserve. Prior to that, US Navy Active Duty for 13 yrs and some months. In the process of getting the retirement pay processed by Air Reserve Personnel Center, which is 3 months behind now. RRPA is my retirement. 6 months worth of qualifying orders.
     
  4. Feb 10, 2024 at 10:55 AM
    #4
    SDNY

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    I have to wait 2 more years before I can file for retirement pay. Sounds like they are catching up, used to be a six month wait.
     
  5. Feb 10, 2024 at 11:01 AM
    #5
    SDNY

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    I am still working thru some claims with the VA. But hopefull for an increase, at 70% right now.
     
  6. Feb 10, 2024 at 1:14 PM
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    SAGE63

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    Retired 2009 from Navy Reserve. 6yrs active, 17 Reserve. Turned 60 this past November, submitted request for retirement pay in July. Started to receive pay in December. NAVPERS sent retirement reminder letter in May... if I recall correctly.

    @Damie Street
    What questions do you have.
     
    Last edited: Feb 10, 2024
  7. Feb 10, 2024 at 1:20 PM
    #7
    SAGE63

    SAGE63 Wannabe Go Fast Overlander Small Rock Crawler

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    You need 20 good years, any combo of active and reserve, to qualify for retirement pay at age 60.
     
  8. Feb 12, 2024 at 7:21 AM
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    Damie Street

    Damie Street [OP] New Member

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    I do know that as a Reservist I am eligible to "draw retirement pay three months earlier then age 60 for every 90 days of active duty under certain mobilization in support of a contingency operation, down to a limit of age 50", I do believe my active time all fall into this. I'm not sure when this regulation started. Do you know a quick formula or calculation to use to get a ballpark figure of retirement pay?
     
  9. Feb 12, 2024 at 7:24 AM
    #9
    Damie Street

    Damie Street [OP] New Member

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    Congratulations to all that have retired or close to retiring. I can not wait to get my 20 year letter. I really want to retire then but Tricare goes up by $1100 a month when I do, so I'm hesitant to.
     
  10. Feb 12, 2024 at 7:32 AM
    #10
    Damie Street

    Damie Street [OP] New Member

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    How many points did you have at retirement? Have you gotten your retirement pay based on points? Do you know the formula or calculation to figure that out?

    Thank you for any help.
    Edsel
     
  11. Feb 12, 2024 at 7:34 AM
    #11
    SAGE63

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    (total # of points ÷ 360) × 2.5 = % of base pay for retirement.

    I do not know why 360 vs 365... military math lol
     
    Last edited: Feb 12, 2024
  12. Feb 12, 2024 at 7:41 AM
    #12
    Damie Street

    Damie Street [OP] New Member

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    Awesome thank you. I am logging in to look at my points now.
     
  13. Feb 12, 2024 at 8:21 AM
    #13
    SDNY

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    Just remember as a reservist, it's not only time in service for retirement, but also how many retirement points you have. These you can get from your points credit summary report. There used to be a pretty good retirement calculator on the DFAS website. This will atleast give you a ballpark. I am retirement with 3800 points, average top 3 years as an E8 and my ballpark is about $1800 a month.
     
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  14. Feb 12, 2024 at 8:27 AM
    #14
    Damie Street

    Damie Street [OP] New Member

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    That great information. Thank you! I am at a little over 3000 points. But I'm an E6, my goal is to retire as an E8 but I will settle for an E7 which I should get in a year(*fingers crossed) I do have 5 more years to get that 20 year letter.
     
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  15. Feb 12, 2024 at 8:38 AM
    #15
    SDNY

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    Remember that to multiply your 16 years active time with 365. One per day for Title 10. Start there. Then get your points summery. The points summary is gold for retirement. Must have and keep document.
     
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  16. Feb 12, 2024 at 8:51 AM
    #16
    Damie Street

    Damie Street [OP] New Member

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    Oh yeah I have an I LOVE Me book with everything. I keep 2 hard drive copies too. One in the gun safe and one at my parents house and I always update it. Its definitely important. Thank you for the information.
     
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  17. Feb 12, 2024 at 9:10 AM
    #17
    SDNY

    SDNY New Member

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    Anytime, I just did a retirement breifing for our HQ here in NY. Just an impromptu breifing. Discussing what you should do to get ready, the process, VA disability and my experience with the process. If I can help, hit me up.
     
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  18. Feb 12, 2024 at 9:30 AM
    #18
    Damie Street

    Damie Street [OP] New Member

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    You are a great wealth of knowledge and I really appreciate all the information and help.
     
  19. Feb 21, 2024 at 9:24 PM
    #19
    art64

    art64 New Member

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    Fiscal Year 2008 National Defense Authorization Act, Secion 647 amended Title 10, U.S.C., Section 12731

    Beginning with the 2015/2016 Fiscal Year crossover, qualifying active duty maybe combined between consecutive fiscal years.

    It can be confusing. Rules changed over the years.

    https://media.defense.gov/2021/Jan/20/2002567530/-1/-1/1/RETIREMENT 101 & RRPA.PDF

    This is the AF pp version.
     
    InfernoTundra15 likes this.

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