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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]
When he left active duty in 1969, General Lyman Lemnitzer received less retired pay than any other four-star officer who retired in that year. 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 ...
The National Defense Authorization Act for Fiscal Year 2007 increased the active-duty basic pay cap from Level III to Level II of the Executive Schedule, and also increased maximum retired pay from 75 percent of capped basic pay to 75 percent of uncapped basic pay plus 2.5 percent for every year past 30 years of service, which could exceed 100 ...
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Federal Employees Retirement System - covers approximately 2.44 million full-time civilian employees (as of Dec 2005). [2]Retired pay for U.S. Armed Forces retirees is, strictly speaking, not a pension but instead is a form of retainer pay. U.S. military retirees do not vest into a retirement system while they are on active duty; eligibility for non-disability retired pay is solely based upon ...
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.
It also has 21 military bases, making it pretty easy for veterans to get to a VA hospital when they need medical care, and a slew of organizations designed to help military retirees relocate there.
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