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- The retirement point value for military personnel in 2023 is as follows123:
- One point for each day of active service (active duty or active duty for training).
- 15 points for each year of membership in a Reserve Component.
- One point for each unit training assembly.
- One point for each day in which a member is in a funeral honors duty status.
- Each year of service is worth 2.5% toward the retirement multiplier.
- If you serve the full 20 years, your active duty retirement pay would be worth exactly half of your basic pay.
Learn more:âś•This summary was generated using AI based on multiple online sources. To view the original source information, use the "Learn more" links.Points are credited as follows: One point for each day of active service (active duty or active duty for training). 15 points for each year of membership in a Reserve Component. One point for each unit training assembly. One point for each day in which a member is in a funeral honors duty status.themilitarywallet.com/reserve-retirement-calculator/For both the Final Pay and High-36 retired pay plans, each year of service is worth 2.5% toward the retirement multiplier. For example, 20 years of service would equal a 50% multiplier.militarypay.defense.gov/Pay/Retirement/If you serve the full 20 years, your active duty retirement pay would be worth exactly half of your basic pay. For the Reserve component member, determining how much your retirement may be worth can be calculated by dividing total retirement points by 360 and comparing the number to the current military pay charts.veteran.com/calculate-reserve-guard-points/ - People also ask
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