Do you get retirement from the National Guard?

National Guard or Reserve members with 20 or more qualifying years are eligible to receive their monthly retired pay starting at age 60 or earlier based on qualifying active service.

What is National Guard retirement pay?

Defined Benefit: Monthly retired pay for life after at least 20 years of service (so if you retire at 20 years of service, you will get 40% of your highest 36 months of base pay). Retired pay will be calculated as follows: (Years of creditable service x 2.0%) x average of highest 36 months basic pay.

What benefits do you get from retiring from the National Guard?

Those who do have a number of benefits available to them, including retirement pay (which begins at age 60), “Space-A” travel, survivor benefit plan, SGLI, PX/BX/Commissary privileges, transient billeting and legal assistance. Some states offer additional benefits for their retired Guardsmen.

How much does the Illinois National Guard pay?

Average Army National Guard Guard monthly pay in Illinois is approximately $2,580, which is 27% above the national average. Salary information comes from 27 data points collected directly from employees, users, and past and present job advertisements on Indeed in the past 36 months.

Who is in the Illinois Army National Guard?

Illinois Army National Guard Lt. Col. Michael Legler, of Pekin, Illinois, thanks friends and family for their support throughout his military service during his retirement ceremony April 30 at the Illinois Military Academy, Camp Lincoln in Springfield, Illinois.

Can a full time National Guard member retire early?

National Guard Early Retirement Under the Temporary Early Retirement Authority (TERA), Full-time Guardsmen may become eligible for a retirement earlier than 20 years. In June of 2016, Army Secretary Eric Flannigan signed a directive to expand the TERA program to encompass National Guard Soldiers.

Do you have to pay taxes on retired military in Illinois?

Illinois Retired Military Pay Taxes : Illinois does not tax government retirement plans. Illinois State Taxes on U.S. Department of Veterans Affairs Military Disability Retired Pay : Illinois does not tax government disability plans.

Where can I get military benefits in Illinois?

Listed below are Illinois military installations and military support centers, with full contact information, that can assist you with your benefits.