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  2. Military retirement (United States) - Wikipedia

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

    Mounting costs led Congress to pursue reforms to the military retirement system during the 1980s. Under the National Defense Authorization Act of 1981, the military moved from calculating retirement benefits based on the "final pay," or base pay on the final day of active service, to the "High-3" system. [9]

  3. Integrated Personnel and Pay System - Army - Wikipedia

    en.wikipedia.org/wiki/Integrated_Personnel_and...

    Army Reserve (USAR) [21] [22] Active Army [23] [24] A uniform payday schedule. Previous Army payroll software [25] allowed soldiers to select either a monthly payday, or a semimonthly payday. As part of IPPS-A, on 1 October 2022 the Army switches to a semimonthly payday, on the 15th and on the last day of each month, for long-term active-duty ...

  4. United States military pay - Wikipedia

    en.wikipedia.org/wiki/United_States_military_pay

    The fiscal year 2010 president's budget request for a 2.9% military pay raise was consistent with this formula. However, Congress, in fiscal years 2004, 2005, 2006, 2008, and 2009 approved the pay raise as the ECI increase plus 0.5%. The 2007 pay raise was equal to the ECI. A military pay raise larger than the permanent formula is not uncommon.

  5. Military pay during a government shutdown: What service ... - AOL

    www.aol.com/military-pay-during-government...

    The Pentagon is also likely to pause military recruitment and operational planning. The pause in pay and furloughs will have impacts that go beyond U.S. borders. USAA government shutdown program

  6. Military compensation - Wikipedia

    en.wikipedia.org/wiki/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. As parts of government pay systems, military pay typically does not compete with private military compensation. [citation needed] Because military service requires fit soldiers and commitments that ...

  7. Legislative history of United States four-star officers, 1947 ...

    en.wikipedia.org/wiki/Legislative_history_of...

    Military personnel retired with up to 75 percent of their final active-duty pay, and were typically allowed to recompute their retired pay to reflect post-retirement increases in active-duty pay rates until 1958, when recomputation of retired pay was suspended by the same pay act that created the O-9 and O-10 grades.

  8. Tombstone promotion - Wikipedia

    en.wikipedia.org/wiki/Tombstone_promotion

    The equivalent Navy captain also retired in his 30th year, but could receive a tombstone promotion to only the rank of rear admiral and not its retired pay. [65] For example, Army officer John G. Hill graduated from the United States Military Academy in 1924 and was selected for temporary brigadier general in 1953, confirmed by the Senate in ...

  9. Projected COLA for 2025: September update — how it's ...

    www.aol.com/finance/social-security-cost-of...

    A survey by the National Institute on Retirement Security echoes that sentiment, with 87% of respondents concerned about rising costs, and 66% worried about increasing healthcare costs in retirement.