How is military Reserve pay calculated?

The Reserve/Guard retirement system calculates the multiplier from your total points. Divide your grand total career point count by 360 (because your pay is based on 30-day months) and multiply by 2.5% to come up with your service multiplier. For example, 2134 points / 360 * 2.5% = 14.82%.

Can you do 20 years in the reserves?

Reserve retirement is sometimes called non-regular retirement. Members who accumulate 20 or more years of qualifying service are eligible for reserve retirement when they reach age 60 or, in some cases, a lesser qualifying age.

How many Mutas are good for a year?

If you min roll your duties as a guardsman you’ll get 125 retirement points per year (15 membership, 48 UTAs, 48 AFTPs and 14 AD Days). Get 20 “good years” of service with at least 50 points and become eligible for a reserve retirement.

How many hours is 1 Muta?

A MUTA-1 is a half day (4-hours of training).

Is Army Reserve pay monthly?

While members on active duty (full-time duty) receive base pay, members of the National Guard and military Reserves get monthly “drill pay.” The amount of monthly drill pay depends on how many drill periods a person works during the month, their military rank, and the number of years they have been in the military.

Do retired reservists get Tricare?

Is TRICARE Retired Reserve Right for You? TRICARE Retired Reserve may be the right option for you and your family if you qualify. The plan provides comprehensive health care coverage upon your retirement and you do not have to wait until you reach age 60 and begin drawing retired pay to purchase the plan.

How are reserve points calculated?

For the Reserve Component member, determining how much your retirement may be worth can be calculated by dividing total retirement points by 360 and comparing the number to the current military pay charts.

How do you calculate military reserve retirement pay?

Once you’ve determined this amount, it’s easy to calculate your reserve retirement pay: Look up the base pay for your pay grade and time of creditable service on the Department of Defense’s current military pay scale. Multiply the base pay by your years of service for retired pay percentage multiplier.

How to calculate reserve pay?

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What are the benefits of military retirement?

Retired military personnel have many benefits that accrue after leaving active service. They receive an educational allowance, have lifelong medical benefits and are given an advantage in pursuing government jobs and home loans. Military retirees get discounts on insurance as well as at restaurants,…

What is military compensation?

Military pay or military compensation is the pay system by which members of the military are compensated for their participation in the military.