Thanks in advance to anyone who reads/replies to this thread. It's much appreciated.
I'm a reserve component O-3 in the IDES process trying to figure out my retirement pay calculation. I only have 2 years of AD from two deployments and 10 total years of service. I've been M-Day ever since and a Mil Tech for 4 years. I have 90% combined VA rating: (70% PTSD, 30% asthma, 20% IVDS low-back, 20% R-Leg, 20% L-Leg). All of my injuries are combat injuries from my deployments in 2012 and 2014.
As for retirement- I know exactly what $ to expect from the Mil Tech side. They showed me my 60/40 retirement projection and said as soon as I get my military discharge paperwork it would take about 6 months of LWOP and/or working in civilian clothes until I get my first paycheck.
I know exactly what $ to expect from the VA as I'm already receiving 90%.
As for the military retirement, I was using the monthly pay of an O-3 with 10 YOS as the bench mark for my retired base pay. (see equation below) Then I read somewhere that reservists retired base pay is only what you made on Active Duty! Active Duty? Does that mean my retired pay as a CPT will be based off what my monthly salary was as a 1st Lieutenant 6 years ago when I was deployed?
I understand that the basic retirement formula for M-Day Army National Guard is:
"YOS x 2 ½ % x retired base pay OR
% of disability (not to exceed 75%) x retired pay base
The retired pay base is the average of the highest 36 months of basic pay earned for those Soldiers who entered service on or after September 8, 1980"
Thank you
I'm a reserve component O-3 in the IDES process trying to figure out my retirement pay calculation. I only have 2 years of AD from two deployments and 10 total years of service. I've been M-Day ever since and a Mil Tech for 4 years. I have 90% combined VA rating: (70% PTSD, 30% asthma, 20% IVDS low-back, 20% R-Leg, 20% L-Leg). All of my injuries are combat injuries from my deployments in 2012 and 2014.
As for retirement- I know exactly what $ to expect from the Mil Tech side. They showed me my 60/40 retirement projection and said as soon as I get my military discharge paperwork it would take about 6 months of LWOP and/or working in civilian clothes until I get my first paycheck.
I know exactly what $ to expect from the VA as I'm already receiving 90%.
As for the military retirement, I was using the monthly pay of an O-3 with 10 YOS as the bench mark for my retired base pay. (see equation below) Then I read somewhere that reservists retired base pay is only what you made on Active Duty! Active Duty? Does that mean my retired pay as a CPT will be based off what my monthly salary was as a 1st Lieutenant 6 years ago when I was deployed?
I understand that the basic retirement formula for M-Day Army National Guard is:
"YOS x 2 ½ % x retired base pay OR
% of disability (not to exceed 75%) x retired pay base
The retired pay base is the average of the highest 36 months of basic pay earned for those Soldiers who entered service on or after September 8, 1980"
Thank you