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  2. Military retirement (United States) - Wikipedia

    en.wikipedia.org/wiki/Military_retirement...

    Since the Second World War, the baseline of military retirement has been the 20-year retirement. [6] Under such a program, service members have been eligible for retirement payments after 20 years of active duty. [7] [8] Service members received a defined benefit payment upon retirement, payable until the death of the beneficiary. The benefit ...

  3. High Year of Tenure - Wikipedia

    en.wikipedia.org/wiki/High_Year_of_Tenure

    High Year Tenure (HYT) is a term used by the United States Armed Forces to describe the maximum number of years enlisted members may serve at a given rank without achieving promotion, after which they must separate or retire. [1] HYT is applicable to enlisted personnel of all six military branches of the United States.

  4. Uniformed services pay grades of the United States - Wikipedia

    en.wikipedia.org/wiki/Uniformed_services_pay...

    Schedule 8 - Pay of the Uniformed Services Part I--Monthly Basic Pay ($) (as of 1 January 2024) [49] [46] Pay Grade Years of service (computed under 37 U.S.C. 205) < 2 Years 2 - 3 Years 3 - 4 Years 4 - 6 Years 6 - 8 Years 8 - 10 Years 10 - 12 Years 12 - 14 Years 14 - 16 Years 16 - 18 Years 18 - 20 Years 20 - 22 Years 22 - 24 Years 24 - 26 Years

  5. DD Form 214 - Wikipedia

    en.wikipedia.org/wiki/DD_Form_214

    The DD Form 214, Certificate of Release or Discharge from Active Duty, generally referred to as a "DD 214", is a document of the United States Department of Defense, issued upon a military service member's retirement, separation, or discharge from active duty in the Armed Forces of the United States (i.e., U.S. Army, U.S. Navy, U.S. Marine Corps, U.S. Air Force, U.S. Space Force, U.S. Coast ...

  6. Individual Ready Reserve - Wikipedia

    en.wikipedia.org/wiki/Individual_Ready_Reserve

    The U.S. Army's IRR SSI worn by Army Reservists in the IRR that are not formally assigned to a particular unit or cadre personnel that run the IRR program.. The Individual Ready Reserve (IRR) is a category of the Ready Reserve of the Reserve Component of the Armed Forces of the United States composed of former active duty or reserve military personnel.

  7. Retirement age - Wikipedia

    en.wikipedia.org/wiki/Retirement_age

    The expected years in retirement was 22.8 years for women and 18.4 years for ... 62 for the chiefs of army/navy/air force staff (or 3 years of service whichever is ...

  8. Can You Realistically Follow Dave Ramsey’s 8% Retirement Rule?

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  9. Military discharge - Wikipedia

    en.wikipedia.org/wiki/Military_discharge

    Most members separating with an honorable discharge after completing a single term of service (typically 3–6 years) are transferred to the IRR for the remainder of the 8-year MSO. Retirees are furnished with the DD 214, though a U.S. military retirement is not characterized as a discharge as retirees may be recalled to active duty, under ...