For both the Final Pay and High-36 retired pay plans, each year of service is worth 2.5% toward the retirement multiplier. For example, 20 years of service would equal a 50% multiplier.

There are three non-disability retirement plans currently in effect for active duty retirees. These are Final Pay plan, High-36 Month Average plan, and Military Retirement Reform Act of 1986 (more commonly …

The Blended Retirement System (BRS) combines elements of the legacy retirement system with benefits similar to those offered in many civilian 401 (k) plans. The BRS includes the following options:

The retired pay base for a qualified reserve retirement under the Final Pay plan is the monthly basic pay determined at the rates applicable on the day of retirement at the highest grade satisfactorily held …

About the High-3 Calculator Welcome to the Department of Defense High-3 Calculator. This calculator is designed to assist Service members in projecting their pension under the High-3 retirement plan.

Pay Plans Summary The following chart summarizes the differences between the four retirement plans.

You will find helpful facts throughout this booklet, with links to additional training and resources on how to take action in your uniformed services retirement plan.

Automatic Enrollment — Automatic participation in the TSP by Service members covered under the Blended Retirement System through which 5% of their basic pay is contributed to their TSP account …

The retirement income that you receive from your TSP account will depend on how much you have contributed to your account during your working years and the earnings on those contributions.

Medical Final Pay Calculator: This calculator estimates medical separation or retirement benefits based on DoD disability percentage or years of service retirement under the Final Pay retirement plan, for …